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Mercury Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue $315,500 Variable Costs 138,820 Contribution Margin 176,680 Fixed Costs 175,000 Operating Income $1,680 Mercury'sMercury's relevant range is between sales of $248,000 and $363,000.   Prepare contribution margin income​ statements for $248,000sales level.   Mercury Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue   Variable Costs   Contribution Margin   Fixed Costs   Operating Income (Loss)

Mercury Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue $315,500 Variable Costs 138,820 Contribution Margin 176,680 Fixed Costs 175,000 Operating Income $1,680 Mercury'sMercury's relevant range is between sales of $248,000 and $363,000.   Prepare contribution margin income​ statements for $248,000sales level.   Mercury Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue   Variable Costs   Contribution Margin   Fixed Costs   Operating Income (Loss)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Mercury Travel
Contribution Margin Income Statement
Three Months Ended March 31, 2016
Net Sales Revenue
$315,500
Variable Costs
138,820
Contribution Margin
176,680
Fixed Costs
175,000
Operating Income
$1,680
Mercury'sMercury's relevant range is between sales of $248,000 and $363,000.
 
Prepare contribution margin income​ statements for $248,000
sales level.
 
Mercury Travel
Contribution Margin Income Statement
Three Months Ended March 31, 2016
Net Sales Revenue
 
Variable Costs
 
Contribution Margin
 
Fixed Costs
 
Operating Income (Loss)
 
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