Question
Fill in the blanks for each of the following independent cases. (For entries with a $0 balance, make sure to enter 0 in the appropriate
Fill in the blanks for each of the following independent cases.
(For entries with a $0 balance, make sure to enter "0" in the appropriate cell. Round the contribution margin percentage to the nearest whole percent.)
|
|
| Variable | Fixed | Total | Operating | Contribution | |
| Case | Revenues | Costs | Costs | Costs | Income | Margin Percentage | |
| a. | $500 | $700 | $2,100 |
| |||
| b. | $2,000 | $200 | $100 |
| |||
| c. | $600 | $400 | $600 |
| |||
| d. | $1,500 | $200 | 60 | % | |||
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
13th Canadian edition
133405508, 978-0133405507
