Question: Data table Global Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 - X Net Sales Revenue Variable Costs $ 318,500 111,475 of

Data table Global Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 - X Net Sales Revenue Variable Costs $ 318,500 111,475 of each Contribution Margin 207,025 173,000 Fixed Costs $ 34,025 Operating Income Print Done For its top managers, Global Travel formats its income statement as follows: (Click the icon to view the income statement.) Global's relevant range is between sales of $250,000 and $363,000. Read the requirements. Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Ent $ Contribution margin 207,025 Net sales revenue + $ 318,500 = Contribution m 65 Requirement 2. Prepare two contribution margin income statements: one at the $250 range.) First prepare the contribution margin income statement at the $250,000 sales level. (U Global Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income (Loss) 173,000 For its top managers, Global Travel formats its income statement as follows: (Click the icon to view the income statement.) Global's relevant range is between sales of $250,000 and $363,000. Read the requirements. Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage. X%) Contribution margin $ 207,025 Net sales revenue 318,500 Contribution margin ratio 65% Requirement 2. Prepare two contribution margin income statements: one at the $250,000 sales level and one at the $363,000 sales level. (Hint: The proportion range.) First prepare the contribution margin income statement at the $250,000 sales level. (Use a minus sign or parentheses for a loss.) Global Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income (Loss) 173,000

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