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Please help with this question . Thank You! Hopper Travel uses the contribution margin income statement internally. Hopper's second-quarter results are as follows: 2 (Click
Please help with this question. Thank You!
Hopper Travel uses the contribution margin income statement internally. Hopper's second-quarter results are as follows: 2 (Click the icon to view the income statement.) Hopper's relevant range is sales of between $100,000 and $640,000 Read the requirements Requirement Prepare contribution margin income statements at sales levels of $200,000 and $420,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $200,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Hopper Travel Contribution Margin Income Statement Three Months Ended June 30 Sales revenue Less: Variable expenses Choose from any list or enter any number in the input fields and then continue to the next question. O Hopper Travel uses the contribution margin income statement inter (Click the icon to view the income statement.) Data Table - X Hopper's relevant range is sales of between $100,000 and $640,00 Read the requirements on margin ratio.) Requirement 1. Prepare contribution margin income statements a Begin by preparing the contribution margin income statement at the parentheses.) t whole percent. Enter losses with a minus sign or Hopper Travel Contribution Margin Income Statement Three Months Ended June 30 Sales revenue $ 500,000 Less: Variable expenses 120,000 Contribution margin $ 380,000 Less: Fixed expenses 171.000 $ 209.000 Operating income Hopper Travel Contribution Margin Income Statement Three Months Ended June 30 Sales revenue Less: Variable expenses Print Done Choose from any list or enter any number in the input fields and CONTIDLION Wacom LLEI Three Months Ended June 30 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income loss) Now prepare the contribution margin income statement at the $420,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Hannar Travel Choose from any list or enter any number in the input fields and then continue to the next question. Read the requirements Hopper Travel Contribution Margin Income Statement Three Months Ended June 30 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income loss) Choose from any list or enter any number in the input fields and then continue to the next question. 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 $ Choose from any list or enter any number in the input fields and then continue to the nextStep by Step Solution
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