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Worldwide Travel uses the contribution margin income statement internally worldwide first quarter results are as follows: Worldwide relevant range in sales of between $105,000 and

Worldwide Travel uses the contribution margin income statement internally worldwide first quarter results are as follows: Worldwide relevant range in sales of between $105,000 and $655,000. Prepare contribution margin income statements at sales levels of $250,000 and $400,000. (Hint: use the contribution margin ratio.) Compute breakeven sales in dollars.

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Worldwide Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue 5 475,000 Less: Variable expenses 142'500 . Contribution margin $ 332,500 Less: Fixed expenses 165200 E $ 167,300 Operating income

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