Global Travel uses the contribution margin income statement internally. Global's first quarter results are as follows: (Click the icon to view the income statement.) Global's relevant range is sales of between $130,000 and $640,000. Read the requirements Requirement 1. Prepare contribution margin income statements at sales levels of $250,000 and $440,000. (Hint: Use the contribution margin ratio) Begin by preparing the contribution margin income statement at the $250,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Global Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue 0 Data Table Global Travel uses the contribution margin income (Click the icon to view the income statement.) Global's relevant range is sales of between $130,0 Read the requirements Requirement 1. Prepare contributiin margin incor Begin by preparing the contribution margin income a minus sign of parentheses.) se the contribution margin ratio) te to the nearest whole percent. Enter losses with Global Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 475.000 Less: Variable expenses 142.500 Contribution margin 332.500 Less: Fixed expenses 165 200 Operating income 167,300 Global Travel Tary Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Choose from any list or enter any number in the Print Done] Global Travel uses the contribution margin income statement internally. Global's first quarter results are as follows: Click the icon to view the income statement.) Global's relevant range is sales of between $130,000 and $640,000. Read the requirements a minus sign or parentheses.) Global Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Choose from any list or enter any number in the input fields and then entines to the nat i n Global Travel uses the contribution margin income statement internally. Global's first quarter results are as follows: Click the icon to view the income statement.) Global's relevant range is sales of between $130,000 and $640,000 Read the requirements. Operating income (loss) Now prepare the contribution margin income statement at the $440,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Global Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Choose from any list or enter any number in the input fields and then continue to the next question. Global Travel uses the contribution margin income statement internally. Global's first quarter results are as follows: Click the icon to view the income statement.) Global's relevant range is sales of between $130,000 and $640,000 Read the requirements Operating income (loss) Requirement 2. Compute breakeven sales in dollars. Begin by identifying the formula to compute the breakeven sales in dollars. - Breakeven sales in dollars Compute breakeven sales in dollars. The breakeven sales in dollars is $
