Question: Requirements 1. Calculate the contribution margin ratio. 2 Prepare two contribution margin income statements: one at the $250,000 level and one at the $360,000 sales

margin income statements: one at the $250,000 level and one at the

Requirements 1. Calculate the contribution margin ratio. 2 Prepare two contribution margin income statements: one at the $250,000 level and one at the $360,000 sales level. (Hint: The proportion of each that goes toward variable costs is constant within the relevant range.) sales

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