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Euro Travel uses the contribution margin income statement internally. Euro's first quarter results are as follows: Click the icon to view the income statement.) Euro's

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Euro Travel uses the contribution margin income statement internally. Euro's first quarter results are as follows: Click the icon to view the income statement.) Euro's relevant range is sales of between $150,000 and $670,000 Read the requirements Requirement 1. Prepare contribution margin income statements at sales levels of $170,000 and $410,000. (Hint: Use the contribution margin ratio) Begin by preparing the contribution margin income statement at the $170,000 level (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or pa Data Table Euro Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue LessVariable expenses Contrbution maryn Less Fed expenses Operating income foss). Euro Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue 435,000 10250 Loss: Variable expenses Contribution margin 282,750 15400 Less: Fred expenses Operating income $ 116.350 Enter any number in the edit fields and then click Check Answer Print

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