Requirement 1. Calculate the contribution margin ratio Select the labels and enter the amounts to calculate the contribution margin ratio (Enter the contribution margin rato as a whole percentage X) Contribution margin Net sales revenue Contribution margin ratio $ 222.250 317500 TOS Requirement 2. Prepare two contribution margin income statements, one at the $254.000 sales level and one at the $361,000 sales tevelint. The proportion of each sales dollar that goes towar First prepare the contribution margin income statement at the S254,000 sales level. Use a minus sign or parentheses for less Pluto Travel Contribution Margin income Statement Three Months Ended March 31, 2016 Not Sales Revenue Variable Costs Contribution Margin Food Costs Operating Income (Loss) centerwinnyes 1 2 of 7 (2 complete) ercentage, X%) es level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) Dala Table - X Pluto Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue $ 317,500 Variable Costs 95,250 Contribution Margin 222,250 174,000 Fixed Costs $ 48.250 Operating Income Print Done Clear All