For its top managers, Mercury Travel formats its Income statement as follows (Click the icon to view the income statement) Mercury's relevant range is between sales of S252.000 and $365,000 Read the requirements 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 purcentage X Contribution margin ratio Requirement 2. Prepare two contribution margin income statements one at the 5252.000 sales level and one at the 5366,000 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 5252 000 sales level (se a mission or prontheses for a los Mercury Travel Contribution Margin income Statement Three Months Ended March 31.2024 NSR Choose from any usto enter any number the inputtelds and then continue to the next question For its top managers Mercury Travel formats its income statement as follows m Click the icon to view the income statement) Mercury's relevant range is between sales of 5252 000 and $366.000 Read the requirements Requirement 1. Calculate the contribution margin ratio Select the labels and enter the amounts to calculate the contribution margin ratio (Enter the contrarin ratione Contribution manata Contribution margin Intribution margin Income statements one at the $252 000 sales level and one at the 5366 000 sales level at The proportion of each Fedots Mixed cost Notreven Bipin income statement at the $252 000 sales levelrum Operating income Variable me Statement Three Months Ended March 11.2024 Question its income statement as follows: ent) 3252,000 and 5366,000 Dala Table hargin ratio Calculate the contribution margin ratio = Contribution Mercury Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue 5 315.500 Variable Costs 138 820 Contribution Margin 176.680 Fixed Costs 174,000 5 2.680 Operating Income margin income statements one at the S2 proportion of each sales dollar that goes toward variable costs is consta me statement at the S252.000 sales level ment 2024 Pnni Done yer in the input fields and then continue to the next question For its top managers, Mercury Travel formats its Income statement as follows m Click the icon to view the income statement Mercury's relevant range is between sales of $252.000 and 5365.000 Read the testimonis Requirement 2. Prepare two contribution margin income statements one at the 5252000 sales level and one at the $366.000 sales lovel (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 $252.000 sales level (Usuaminus sigh or parentheses for a los Mercury Travel Contribution Margin lcome Statement Three Months Ended March 31, 2024 Net Sales Ravenue Vanable costs Contribution Margin . Ford Costs Opening Income 1) 2 Choose from any lost or enter number in the outs and then continue to the next question 19 PM For its top managers, Mercury Travel formats its income statement as follows (Click the icon to view the income statement) Mercury's relevant range is between sales of S252,000 and $366,000 Read the tesuirements TUMULUSES Operating Income (Loss) Now prepare the contribution margin Income statement at the $366.000 sales level (Use a minus sign or parentheses for a loss) Mercury Travel Contribution Margin Income Statement Three Months Ended March 31,2024 Nel Sales Revenue Variable Costs Contribution Margin Fred Costs Operating Income Los) Choose from any stot enter any number in the input felds and then continue to the next