Question

Fill in the blanks for each of the following independent cases. Variable Fixed Total Operating Contribution...

Fill in the blanks for each of the following independent cases.

Variable

Fixed

Total

Operating

Contribution

Case

Revenues

Costs

Costs

Costs

Income

Margin Percentage

a.

$800

$1,000

$1,600

b.

$2,200

$200

$300

c.

$600

$400

$600

d.

$1,200

$200

25

%
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Homework Answers

Answer #1

Contribution margin=Revenue-Variable cost

Contribution margin margin=Contribution margin/Revenue

Total costs=Variable costs+Fixed costs

Contribution margin-Fixed costs=Operating income

Case Revenue Variable costs Fixed costs Total costs Operating income Contribution margin Contribution margin%
a (1800+800)=$2600 800 (1000-800)=$200 1000 1600 (1600+200)=$1800 (1800/2600)=69.23%(Approx)
b 2200 (2200-500)=$1700 200 (1700+200)=$1900 300 (200+300)=$500 (500/2200)=22.73%(Approx)
c 600 400 (600-400)=$200 600 (200-200)=0 (600-400)=$200 (200/600)=33.33%(Approx).
d 1200 (1200-300)=$900 200 (900+200)=$1100 (300-200)=$100 (1200*25%)=$300 25%
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