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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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