Question

U r avelses the bution margin income statement internal Universal's fut Click the icon to view the income statement) Unsa's re trage is sales of between $140.000 and 5050 000 Question u re of Read the res vers Travel Contribution Margincome Stat Three Months Ended March Sales revence 210000 Le Valable expenses 73,500 Contribution margin $ 3.500 Les penses 100 Operating income dow) Now prepare the contenanc minus sono parentheses) e 5470 000 he h enewp owe Universal Travel This question is complete Move your cursor Over or to the remoto correda All parts showing

Answer 1

Solution: Universal Travel Contribution margin income statement Sales revenue Less : variable expense=470000*35% contribution margin Less : Fixed expense Operating income/(loss) 470000 164500 305500 166400 139100 35.00% variable expense ratio= 73500/210000