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Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in each independent case. Please show how each section was

Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in each independent case. Please show how each section was calculated

Case 1 Case 2 Case 3 Case 4
Sales revenue $120,000 $100,000 $Answer $Answer
Contribution margin $60,000 $Answer $20,000 $Answer
Fixed costs $40,000 $Answer $Answer $Answer
Net income $Answer $5,000 $12,000 $Answer
Variable cost ratio Answer 0.50 Answer 0.22
Contribution margin ratio Answer Answer 0.40 Answer
Break-even point (dollars) $Answer $Answer $Answer $25,000
Margin of safety (dollars) $Answer $Answer $Answer $20,000

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