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Prepare contribution margin income statements at sales levels of 180,000 and 390,000 . (Hint: Use the contribution margin ratio.)

2. Compute breakeven sales in dollars.

Countrywide Travel uses the contribution margin income statement internally. Countrywide's first quarter results are as follows: E: (Click the icon to view the income statement.) Countrywide's relevant range is sales of between $110,000 and $670,000 Read the requirements .. Requirement 1. Prepare contribution margin income statements at sales levels of $180,000 and $390,000. (Hint: Use the contribution margin ratio.) Begin by preparing the contribution margin income statement at the $180,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Countrywide Travel Contribution Margin Income Statement Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Now prepare the contribution margin income statement at the $390,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Countrywide 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. - X Data table B 1 Countrywide Travel 2 Contribution Margin Income Statement 3 Three Months Ended March 31 4 Sales revenue $ 500,000 5 Less: Variable expenses 120,000 6 Contribution margin $ 380,000 7 Less: Fixed expenses 171,000 $ 8 Operating income 209,000 CA ( Print Done Countrywide Travel uses the contribution margin income statement internally. Countrywide's first quarter results are as follows: Click the icon to view the income statement.) Countrywide's relevant range is sales of between $110,000 and $670,000. Read the requirements . Three Months Ended March 31 Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses Operating income (loss) Now prepare the contribution margin income statement at the $390,000 level. (Round the variable expense rate to the nearest whole percent. Enter losses with a minus sign or parentheses.) Countrywide 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. Breakeven sales in dollars Compute breakeven sales in dollars. The breakeven sales in dollars is

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