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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. Case 1 Case 2 Case 3
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 | $90,000 | Answer | Answer |
Contribution margin | $40,000} | Answer | $20,000 | Answer |
Fixed Costs | $24,000 | Answer | Answer | Answer |
Net income | Answer | $7,000 | $9,000 | Answer |
Variable cost ratio | Answer | 0.50 | Answer | 0.20 |
Contribution margin ratio | Answer | Answer | 0.40 | Answer |
Break-even point (dollars) | Answer | Answer | Answer | $20,000 |
Margin of safety (dollars) | Answer | Answer | Answer | $30,000 |
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