Question Help 0 E4-32A (similar to) Destination Travel uses the contribution margin income statement internally. Destination's first-quarter results follow. Destination's relevant range is between sales of $20,000 and $461,000 (Click the icon to view the data.) Requirements What is Destination Travel's current margin of safety (in dollars)? What is Destination Travel's current operating leverage factor? If sales volume increases 7% next quarter, by what percentage will Destination Travel's operating income increase? What will the new operating income be? 1. 2. 3. Requirement 1. What is Destination Travel's current margin of safety (in dollars)? First, identify the formula to compute the margin of safety. Margin of safety in dollars Choose from any drop-down list and then click Check Answer. ? parts 5 remaining Clear All Check Answer Score: 0 of 5 pts 4 of 4 (1 complete) HW Score: 10.94%, 2.19 of 20 pts Question Help E4-32A (similar to) Destination Travel uses the contribution margin income statement internally. Destination's first quarter results follow. Destination's relevant range is between sales of $205,000 and $461,000. (Click the icon to view the data.) Requirements 1 What is Destination Travel's current margin of safety (in dollars)? 2. What is Destination Travel's current operating leverage factor? 3 If sales volume increases 7% next quarter, by what percentage will Destination Travel's operating income increase? What will the new operating income be? i Data Table Requirement 1. What Is Destination Travel's current margin of safety (in dollars)? First, identify the formula to compute the margin of safety. ] = Margin of safety in Destination Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 316,500 Less: Variable expenses 127,000 Contribution margin $ 189.500 152,000 Less: Fixed expenses $ 37,500 Operating income The break-even sales in dollars is $253,334 Print Done Choose from any drop-down list and then click Check Answer. ? 5 parts Clear All Check Answer remaining