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b. Assume that more than one product is being sold in each of the four following case situations: Fill in the missing amounts in each
b. Assume that more than one product is being sold in each of the four following case situations:
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: Case #1 Case #2 Case #3 Case #4 Unit sold 9,100 20.300 4.300 Sales $ S 299,000 S 116,100 245,700 127,400 Variable expenses 243,800 98,000 89,000 Fixed expenses Net ng income (loss) Contribution margin per unit S 166,000 (36,000) 10 S 139,300 S (41.700) S s 11 b. Assume that more than one product is being sold in each of the four following case situations: Case #1 Case #3 Case #4 441,000 $ Sales Variable expenses Case #2 $ 205.000 137,350 68,000 296.000 85,840 Fixed expenses 471,000 81,800 $ 75,220 (20.840) Net operating income (loss) Contribution margin ratio (percent) 42% 80%
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