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

Please fill in the blanks and show your work (important).

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 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) 452,000 $ 198,000 136,620 65,000 (3,620) $ 305,000 94,550 471,000 42,200 $ 54,160 $ (23,550) 35% 31%. 76%