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For its top managers, Aussie Travel formats its income statement as follows: (Click the icon to view the income statement.) Aussie's relevant range is between

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For its top managers, Aussie Travel formats its income statement as follows: (Click the icon to view the income statement.) Aussie's relevant range is between sales of $254,000 and $364,000. Read the reguirements. Requirement 1. Calculate the contribution margin ratio Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, X%.) Requirement 2. Prepare two contribution margin income statements; one at the $254,000 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 $254.000 sales level (Use a minus-sign or parentheses for a loss.) Now prepare the contribution margin income statement at the $364.000 sales level. (Use a minus sign or parentheges for a loss) Data table

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