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Following are data from 4 separate companies. Supply the missing data in each independent case. Case 1 Case 2 Case 3 Case 4 Sales revenue

Following are data from 4 separate companies. Supply the missing data in each independent case.


Case 1

Case 2

Case 3

Case 4

Sales revenue

$100,000

$90,000

$Answer

$Answer

Contribution margin

$40,000}

$Answer

$20,000

$Answer

Fixed Costs

$24,000

$Answer

$Answer

$Answer

Net income

$Answer

$7,000

$9,000

$Answer

Variable cost ratio

Answer

0.50

Answer

0.20

Contribution margin ratio

Answer

Answer

0.40

Answer

Break-even point (dollars)

$Answer

$Answer

$Answer

$20,000

Margin of safety (dollars)

$Answer

$Answer

$Answer

$30,000

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