PLS HELP. I WIIL RATE IT

Northern Travel uses the contribution margin income statement internally. Northern's first-quarter results are as follows:

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(Click the icon to view the income statement.)

Northern'sNorthern's

relevant range is sales of between $140,000 and $700,000.

Read the requirements

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.Requirement 1. Prepare contribution margin income statements at sales levels of $270,000 and $480,000.

(Hint:

Use the contribution margin ratio.)Begin by preparing the contribution margin income statement at the $270,000

level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.)

Northern Travel
Contribution Margin Income Statement
Three Months Ended March 31
	Sales revenue	270000
	Less: Variable expenses
	Contribution margin
	Less: Fixed expenses
	Operating income (loss)

Now prepare the contribution margin income statement at the. $480,000

level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.)

Northern Travel
Contribution Margin Income Statement
Three Months Ended March 31
	Sales revenue
	Less: Variable expenses
	Contribution margin
	Less: Fixed expenses
	Operating income (loss)

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 next question.

DATA

Northern Travel
Contribution Margin Income Statement
Three Months Ended March 31
	Sales revenue	$475,000
	Less: Variable expenses	142,500
	Contribution margin	$332,500
	Less: Fixed expenses	165,200
	Operating income	$167,300