Accounting

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 following four case situations: Case #1 Case #2 Case #3 Case #4 Unit sold 15,000 15,000 4.000 Sales $ 180,000 $ 105,000 $ 360,000 Variable expenses 120,000 60,000 Fixed expenses 43,000 36,000 100,000 Operating income (loss) $ 11,000 $ 105,000 $ (40,000) Contribution margin per unit 20 $ 15 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margi in percent. Round your final answers to the nearest whole dollar amount.) Case #2 Case #3 Case #4 Case #1 $ 600,000 $ 400,000 $ 460,000 Sales 8 of 28 Next >