For its top managers, Airbom Travel formats its income statement as follows:
Click the icon to view the income statement
Airborn's relevant range is between sales of $ and $
Read the requirements.
Requirement Calculate the contribution margin ratio.
Select the labels and enter tho amounts to calculate the contribution margin ratio. Enter the contribution margin ratio as a whole percentage, X
First prepare the contribution margin income statement at the $ sales level. Use a minus sign or parentheses for a loss.
Airborn Travel
Contribution Margin Income Statement
Three Months Ended March
Net Sales Revenue
Variable Costs
Contribution Margin
Fixed Costs
Operating Income Loss
Now prepare the contribution margin income statement at the $ sales level. Use a minus sign or parentheses for a loss.
Airborn Travel
Contribution Margin Income Statement
Three Months Ended March
Net Sales Revenue
Variable Costs
Contribution Margin
Fixed Costs
Operaling Income Loss
Data table
tableAirborn TravelContribution Margin Income Statement,Three Months Ended March,
