Question
Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in each independent case. Case 1 Case 2 Case
Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in each independent case. Case 1 Case 2 Case 3 Case 4 Sales revenue $100,000 $70,000 $ 60,000 $ 50,000 Contribution margin $40,000 $ 35,000 $30,000 $ 40,000 Fixed Costs $23,000 $ $ 22,000 * $ 24,000 x Net income $ 12,000 x $7,000 $6,000 $ 16,000 Variable cost ratio 0.6 0.50 0.5 x 0.20 Contribution margin ratio 0.4 0.5 0.40 0.8 Break-even point (dollars) $ 70,000 $ 54,000 $ 44,000 x $20,000 Margin of safety (dollars) $ 30,000 $ 16,000 $ 16,000 x $20,000
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