Question

Fill in the missing amounts in each of the eight case situations below. Each case is...

Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.)

Required:

a. Assume that only one product is being sold in each of the four following case situations:

b. Assume that more than one product is being sold in each of the four following case situations:

Complete this question by entering your answers in the tabs below.

  • Required A
  • Required B

Assume that only one product is being sold in each of the four following case situations:

Case #1

Case #2

Case #3

Case #4

Unit sold

15,000

10,000

6,000

Sales

$180,000

$100,000

$300,000

Variable expenses

120,000

70,000

Fixed expenses

50,000

32,000

100,000

Net operating income (loss)

$8,000

$12,000

$(10,000)

Contribution margin per unit

$10

$13


Assume that more than one product is being sold in each of the four following case situations:

Case #1

Case #2

Case #3

Case #4

Sales

$500,000

$400,000

$600,000

Variable expenses

260,000

420,000

Fixed expenses

100,000

130,000

Net operating income (loss)

$7,000

$20,000

$(5,000)

Contribution margin ratio (percent)

20%

60%

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