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

Aussie's relevant range is sales of between $100,000 and

$650,000.

Requirement 1. Prepare contribution margin income statements at sales levels of $180,000 and $470,000. (Hint: Use the contribution margin ratio.)

Begin by preparing the contribution margin income statement at the $180,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.)

Aussie 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 the breakeven sales in dollars.

Begin by identifying the formula to compute the breakeven sales in dollars.

(..... + .....) + ..... = Breakeven sales in dollars

The breakeven sales in dollars is .....?

It stated on the problem that the contribution income statement is $180,000.