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SET-19A (similar to) Euro Travel uses the contribution margin income statement internally. Euro's first quarter results are as follows: Click the icon to view the
SET-19A (similar to) Euro Travel uses the contribution margin income statement internally. Euro's first quarter results are as follows: Click the icon to view the income statement) Euro's relevant range is sales of between $140,000 and S655,000. Read the requirements Data Table Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) S 460,000 184,000 S 276,000 160,500 S 115,500 Euro Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income $ 530,000 212,000 $ 318,000 160,500 $ 157,500 Requirement 2. Compute breakeven sales in dollars Begin by identifying the formula to compute the breakeven sales in dollars. Fixed expensesOperating income Contribution margin ratioBreakeven sales in dollars Compute breakeven sales in dollars PrintDone The breakeven sales in dollars is $
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