Question: Learni 820-23 Calculating contribution margin ratio, preparing contribution margin income statements 2. $250 For its top managers, Global Iravel formats its income statement as follows:

2. $250 For its top managers, Global Iravel formats its income statement

Learni 820-23 Calculating contribution margin ratio, preparing contribution margin income statements 2. $250 For its top managers, Global Iravel formats its income statement as follows: GLOBAL TRAVEL Contribution Margin Income Statement Three Months Ended March 31, 2016 sold Sales Revenue Variable Costs Contribution Margin $ 318,500 111,475 207,025 175,000 $ 32,025 Fixed Costs Operating Income Global's relevant range is between sales of $250,000 and $360,000

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