E19-14 Preparing contribution margin income statements and calculating
breakeven sales [15 min]
For its top managers, Worldwide Travel formats its income statement as follows:
WORLDWIDE TRAVEL
Contribution Margin Income Statement
Three Months Ended March 31, 2012
Sales revenue 317,500
Variable costs 95,250
Contribution margin 222,250
Fixed costs 175,000
Operating income 47,250
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