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Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. Number of Units Sold Total Variable Cost 18,000 $5,400
Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. Number of Units Sold Total Variable Cost 18,000 $5,400 Variable Cost Percentage 30.0% Total Contribution Total Fixed Margin Costs $856,800 Net Income/(Loss) $44,800 2. Selling Price per Unit Variable Cost Percentage Number of Units Sold Total Contribution Margin $80.00 40,000 Total Fixed Costs $600,000 Net Income/(Loss) $40,000 3. Selling Price per Unit $40.00 Total Sales Number of Units Sold Variable Cost per Unit Contribution Margin Percentage Total Fixed Costs Net Income/ Return on Sales (Loss) (NI/Sales) 64% $728,000 13% 4. Total Variable Cost Selling Price per Number of Units Unit Sold Contribution Margin Percentage Total Fixed Costs Net Income/(Loss) $425,000 5,000 $217,500 ($17,500)
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