For its top managers Universal Travel formats its income statement as follows Click the icon to view the Income statement Universal's relevant range is between sales of $245,000 and $360,000 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 marginatio as a whole percentage XS Contribution margin ratio Requirement 2. Prepare two contribution margin Income statements one at the 5246.000 sales level and one at the $360.000 sales tevel (Hint The proportion of each sales dollar that goes toward variable costs 5 constant within the relevant range First prepare the contribution margin income statement at the 5246 000 sales level (Use a minus sign or parentheses for a loss Universal Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Not Sale Raven Choose from any list or enter any number in the input fields and then continue to the next question 100 Mo Universal's relevant range is between sales of $246,000 and $360,000 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 Contribution margin ratio ontribution margin income statements one at the $245,000 sales level and one at the $360,000 s Contribution margin Fixed costs Mixed costs Net sales revenue Operating income Variable costs argin income statement at the $246,000 sales level (Use a minus sign or parentheses for a loss vel me Statement Three Months Ended March 31, 2024 Nel Sales Ravenna Income statement as follows -46,000 and $360,000 0 Data Table in ratio culate the contribution margin ratio Contribution Universal Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue $ 318,500 111 475 Variable Costs Contribution Margin 207025 172.000 Fixed Costs 35,025 Operating Income proportion of each sales dollar that goes toward variable costs tgin Income statements one at the $24 statement at the S246.000 salos level Print Done 24 For its top managers, Universal Travel formats its income statement as follows (Click the icon to view the income statement) Universal's relevant range is between sales of $246,000 and $360,000 Read the requirements Universal Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income (Loss) Now prepare the contribution margin income statement at the S360.000 sales level (Use a minus sign or parentheses for a loss) Universal Travel Contribution Margin Income Statement Choose from any list or enter any number in the input fields and then continue to the next question For its top managers, Universal Travel formats its income statement as follows: Click the icon to view the income statement) Universal's relevant range is between sales of $246,000 and $360,000 Read the requirements rixeu LUSIS Operating Income (Loss) Now prepare the contribution margin income statement at the $360,000 sales level (Use a minus sign or parentheses for a lo Universal Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income (Loss) Choose from any list or enter any number in the input fields and then continue to the next