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Universal Travel uses the contribution margin income statement internally. Universal's first-quarter results follow. (Click the icon to view the income statement.) Universal's relevant range is
Universal Travel uses the contribution margin income statement internally. Universal's first-quarter results follow. (Click the icon to view the income statement.) Universal's relevant range is between sales of $115,000 and $760,000. Requirements 1. Prepare contribution margin income statements at sales levels of $165,000 and $660,000. (Hint: Use the contribution margin ratio.) 2. Compute break-even sales in dollars. Requirement 1. Prepare the contribution margin income statement at the $165,000 level. (Round interim percentages to the nearest who Prepare the contribution margin income statement at the $660,000 level. (Round interim percentages to the nearest whole percent. Ente Requirement 2. Compute break-even sales in dollars. Begin by identifying the formula to compute the break-even sales in dollars. Compute break-even sales in dollars. (Round your answer up to the nearest dollar.) The break-even sales in dollars is $ Universal Travel Contribution Margin Income Statement Three Months Ended March 31
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