Fill in the missing amounts in each of the eight case situations below. Each case is...
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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: Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case #1 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ 9,900 336,600 $ 332,500 128,700 83,000 $ $ Case #2 Case #1 456,000 $ 72,960 41% 165,000 (5,400) $ 12 $ Case #2 Case #3 b. Assume that more than one product is being sold in each of the four following case situations: 196,000 121,520 66,000 20,900 313,500 $ 47,400 S 6 Case #4 4,100 $ 139,400 Case #3 88,000 (26,500) Case #4 $ 306,000 79,560 467,000 111,100 $ 82% 7,440 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: Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case #1 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ 9,900 336,600 $ 332,500 128,700 83,000 $ $ Case #2 Case #1 456,000 $ 72,960 41% 165,000 (5,400) $ 12 $ Case #2 Case #3 b. Assume that more than one product is being sold in each of the four following case situations: 196,000 121,520 66,000 20,900 313,500 $ 47,400 S 6 Case #4 4,100 $ 139,400 Case #3 88,000 (26,500) Case #4 $ 306,000 79,560 467,000 111,100 $ 82% 7,440
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a Single Product Cases Case 1 unit sold 9900 sales 336600 variable expenses 128700 fixed expenses 83000 Contribution Margin per Unit Sales Variable Expenses Units Sold Contribution Margin per Unit 336... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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