Calculating contribution margin ratio, prepare contribution margin income statements For its top managers, Global travel formats it 's income statement as follows Global travel contribution margin income statement Three months and it March 31, 2016 Sales revenue $318500 Variable cost $111475 contribution margin $207025 Fixed cost $175000 Operating income $32025 Global so relevant range is between sales of $250,000 and $360,000 Requirements 1 Calculate the contribution margin ratio 2 Prepare to contribution margin income statements One at the $250,000 sales level and one at the $360,000 sales level

Question: Calculating contribution margin ratio, prepare contribution margin income statements. For its top managers, Global travel formats it's income statement as follows: Global travel contribution margin

Calculating ratio, prepare income statements.
For its top managers, Global travel formats it's income statement as follows:
Global travel
income statement
Three months and it March 31, 2016
Sales revenue $318500
Variable cost $111475
$207025
Fixed cost $175000
Operating income $32025
Global so relevant range is between sales of $250,000 and $360,000.
Requirements
1. Calculate the ratio
2. Prepare to income statements: One at the $250,000 sales level and one at the $360,000 sales level.

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