Answer Happy

level of $ nt $ 000) Global Travel uses the contribution margin income statement internally. Global's first quarter results are as follows: (Click the icon to view the income statement.) Global's relevant range is sales of between $120,000 and $650,000. Read the requirements. Requirement 1. Prepare contribution margin income statements at sales levels of $270,000 and $410,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $270,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Global Travel Contribution Margin Income Statement Three Months Ended March 31 revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Now prepare the contribution margin income statement at the $410,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.)
4 $1 L Global Travel uses the contribution margin income statement internally. Global's first quarter results are as follows: (Click the icon to view the income statement.) Global's relevant range is sales of between $120,000 and $650,000. Read the requirements. Global 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 breakeven sales in dollars. Begin by identifying the formula to compute the breakeven sales in dollars. Compute breakeven sales in dollars. The breakeven sales in dollars is BETER Breakeven sales in dollars
he contribution margin income statement internally. Global's first quarter results are as follows: view the income stateme ge is sales of between $1 nts. www. Global Travel Margin Income Stateme onths Ended March 31 expenses argin penses me (loss) ompute breakeven sales in g the formula to compute th en sales in dollars. ales in dollars is Data table 1 A Global Travel Contribution Margin Income Statement Three Months Ended March 31 2 3 4 Sales revenue 5 Less: Variable expenses 6 Contribution margin 7 Less: Fixed expenses 8 Operating income Print $ B $ 475,000 142,500 332,500 165,200 167,300 $ Done - X les in dollars