Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For top manager, Pido Travel formats in income statement an lodows (Click the can view the income statement) P's vantage in between sales of $255,000
For top manager, Pido Travel formats in income statement an lodows (Click the can view the income statement) P's vantage in between sales of $255,000 and $369,000 Read the reqments 175.266 314.500 Requirement 2. Prepare beo contribution margin income statements one at the $255,000 sales level and one at the $369.000 sales level (nt 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 $255,000 sales level. (Use a minus sign or parentheses for loss) - X Pluto Travel Contibuson Margin Income Statement Three Months Ended March 31, 2016 Not Sales Revenue Variable Cost Contribution Margin Finest Costs Operating Income (Loss) Help me solve this Demodocs exam Data table - X Requirements 1. Calculate the contribution margin ratio 2. Prepare two contribution margin income statements one at the $255,000 sales levst and one at the $369,000 sales level (Hint The proportion of each sales dollar that goes toward variable costs is constant within the relevant range) Print Done Net Sales Revenue Pavl Contribution Mangin Income Statement Three Months Ended March 31, 2016 S 314.500 135235 179265 176000 3265 Variable Cosis Contribution Margin Fixed Costs Operating Income Part 2 of 3 Save Points: 1.67 of 5 For its top managers, Pluto Travel formats es income statement as follows (Click the icon to view the income statement) Pluto's relevant range is between sales of $255,000 and $309,000 Read the remonts 179265 314,500 Requirement 2. Prepare two contibution margin income statements one at the $255,000 sales level and one at the $300,000 sales level. (Hind 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 $255.000 sales level (Use a minun sign or parentheses for a kiss) Phiavel Contribution Margin Income Statement Requirements Data table x Three Months Endest March 31, 2016 Net Sales Raven Valable C Comibution Margin Fixed Cust Operating Income (L) Help me solve this Demodocs exam 1. Calculate the contribution margin ratio 2. Prepare two contribution margin income statements one at the $255,000 sales level and one at the $369,000 sales level (Hint The proportion of each sales dollar that goes toward variable casts is constant within the relevant range) Print Done Ph Contibution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue 314.500 Variable Costs 135.235 Contribution Margin 179265 175.000 Fixed Cost $ 3265 Operating Income
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started