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 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 | $100,000 |
|
|
| Contribution margin | $40,000 |
| $20,000 |
|
| Fixed costs | $20,000 |
|
|
|
| Net income |
| $5,000 | $9,000 |
|
| Variable cost ratio |
| 0.50 |
| 0.20 |
| Contribution margin ratio |
|
| 0.50 |
|
| Break-even point (dollars) |
|
|
| $25,000 |
| Margin of safety (dollars) |
|
|
| $20,000 |
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Auditing and Assurance Services A Systematic Approach
Authors: William Messier, Steven Glover, Douglas Prawitt
9th edition
1308361491, 77862333, 978-1259248290, 9780077862336, 1259162346, 978-1259162343
