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Northern Travel uses the contribution margin income statement internally. Northern's first quarter results are as follows: Northern's relevant range is sales of between $150,000 and
Northern Travel uses the contribution margin income statement internally. Northern's first quarter results are as follows: Northern's relevant range is sales of between $150,000 and $640,000.
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Northern Travel Contribution Margin Income Statement Three Months Ended March 31 $ 435,000 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income 87000 $ 348,000 170,000 $ 178,000Step by Step Solution
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