LI-TOK ( S al 10) Worldwide Travel uses the contribution margin income statement internally Worldwide's first quarter results are as follows: E: (Click the icon to view the income statement.) Worldwide's relevant range is sales of between $120,000 and $640.000 Read the requirements Requirement 1. Prepare contribution margin income statements at sales levels of $250,000 and $400,000. (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) Worldwide Travel i Data Table Contribution Margin Income Statement Three Months Ended March 31 i Requirements Sales revenue Less: Variable expenses Contribution margin 1. Prepare contribution margin income statements at sales levels of $250,000 and $400,000 (Hint: Use the contribution margin ratio) 2. Compute breakeven sales in dollars Less: Fixed expenses Worldwide Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 450,000 171.000 Less: Variable expenses Contribution margin 279.000 173,600 Less Fixed expenses 105,400 Operating income Operating income (loss) Print Done Enter any number in the edit fields and then click Check Answer. Print Done Clear All