Question: For its top managers, Pluto Travel formats its income statement as follows: (Click the icon to view the income statement.) Pluto's relevant range is between

 For its top managers, Pluto Travel formats its income statement as
follows: (Click the icon to view the income statement.) Pluto's relevant range

For its top managers, Pluto Travel formats its income statement as follows: (Click the icon to view the income statement.) Pluto's relevant range is between sales of $247,000 and $366,000. Read the requirements: Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter tho contribution margin ratio as a whole porcentage, X\%) - Contribution margin ratio = % Requirements 1. Calculate the contribution margn ratio, 2. Prepare two contribution margin income stafements: one at the $247,000 salos ieves and one at the $368,000 sates twel. (Hint The proportion of each sales dollar that goes toward variable costs is constant within the relovant range)

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