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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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