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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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