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For its top managers, Aussie Travel formats its income statement as follows: EEB (Click the icon to view the income statement.) Aussie's relevant range is
For its top managers, Aussie Travel formats its income statement as follows: EEB (Click the icon to view the income statement.) Aussie's relevant range is between sales of $256,000 and $364,000. Read the requirements Requirement 2. Prepare two contribution margin income statements: one at the $256,000 sales level and one at the $364,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) First prepare the contribution margin income statement at the $256,000 sales level. (Use a minus sign or parentheses for a loss.)
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