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Western Travel uses the contribution margin income statement internally. Western's first-quarter results follow. (Click the icon to view the income statement.) Western's relevant range
Western Travel uses the contribution margin income statement internally. Western's first-quarter results follow. (Click the icon to view the income statement.) Western's relevant range is between sales of $145,000 and $750,000. Requirements 1. Prepare contribution margin income statements at sales levels of $195,000 and $650,000. (Hint: Use the contribution margin ratio.) 2. Compute break-even sales in dollars. Requirement 1. Prepare the contribution margin income statement at the $195,000 level. (Roundin Western Travel Contribution Margin Income Statement Data Table Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Prepare the contribution margin income statement at the $650,000 level. (Round interim percentage Western Travel Contribution Margin Income Statement Sales revenue Choose from any list or enter any number in the input fields and then continue to the next question. Western Travel Contribution Margin Income Statement Three Months Ended March 31 with a minus sign or pare Sales revenue 318,500 Less Variable expenses (129,000) Contribution margin Less: Fixed expenses Operating income 189,500 (170,000) $ 19.500 on or parentheses.) Print Done
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