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Hopper travel uses contribution margin income statements internally.Hoppers second quarter results are as follows: Sales Revenue$500,000 Less: Variable expense$120,000 Contribution margin$380,000 Less fixed expense$171,000 Operating

Hopper travel uses contribution margin income statements internally.Hoppers second quarter results are as follows:

Sales Revenue$500,000

Less: Variable expense$120,000

Contribution margin$380,000

Less fixed expense$171,000

Operating income$209,000

Hoppers relevant range is sales of between $100,000 and $640,000

Need Help -Prepare contribution margin income statements at sales levels of $200,000 and $420,000. (Hint: use the contribution margin ration)

Need Help-Compute breakeven sales in dollars.

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