Business, 25.01.2020 02:31 lejeanjamespete1

Global travel uses the contribution margin income statement internally. global's first-quarter results are as follows:

sales revenue $525,000
less: variable expenses: 210,000
contribution margin $315,000
less: fixed expenses 172,000
operating income $142,800
global's relevant range is sales of between $120,000 and $630,000.

1. prepare contribution margin income statements at sales levels of $230,000 and $400,000.
( hint: use the contribution margin ratio.)
2. begin by preparing the contribution margin income statement at the $230,000.

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