Question: Aussie Travel uses the contribution margin income statement internally. Aussies second quarter results are as follows: Aussies relevant range is sales of between $ 115,000

Aussie Travel uses the contribution margin income statement internally. Aussie€™s second quarter results are as follows:

Aussie€™s relevant range is sales of between $ 115,000 and $ 680,000.

Requirements
1. Prepare contribution margin income statements at sales levels of $ 190,000 and $ 420,000.
2. Compute breakeven sales indollars.

Aussie Travel Contribution Margin Income Statement Three Months Ended June 30 4 5 Sales revenue 6 Less: Variable expenses 7 Contribution margin 8 Less: Fixed expenses 9Operating income 10 $550,000 192,500 176,800

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