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Requirements 1. Prepare contribution margin income statements at sales levels of $190,000 and $390,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in
Requirements 1. Prepare contribution margin income statements at sales levels of $190,000 and $390,000. (Hint: Use the contribution margin ratio.) 2. Compute breakeven sales in dollars. Print Done Requirement 1. Prepare contribution margin income statements at sales levels of $190,000 and $390,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $190,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Airborne Travel i Data Table Contribution Margin Income Statement Three Months Ended March 31 Sales revenue $ 190,000 Airborne Travel Less: Variable expenses Contribution Margin Income Statement Three Months Ended March 31 Contribution margin 176,800 Sales revenue $ Less: Fixed expenses 550,000 192,500 Less: Variable expenses Operating income (loss) Contribution margin $ 357,500 176,800 Less: Fixed expenses $ 180,700 Operating income Enter any number in the edit fields and then click Check Answer. ? Print Done 3 parts remaining neck
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