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Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: (For all requirements, Loss amounts should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Required A Required B Assume that only one product is being sold in each of the four following case situations: Case #1 Case #2 Case #4 Case #3 19,300 Unit sold 9,300 4,200 $ 269,700 $ 283,500 $ 130,200 Sales Variable expenses 250,900 167,400 85,000 Fixed expenses 175,000 72,000 (17,400) $ (80,500) $ 148,600 $ Net operating income (loss) Contribution margin per unit $ 7 $ 12 Complete this question by entering your answers in the tabs below. Required A Required B Assume that more than one product is being sold in each of the four following case situations: Case #3 Case #1 441,000 $ $ $ Case #2 207,000 128,340 54,000 Case #4 309,000 98,880 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ 469,000 118,350 85 $ 70,630 43 % (11,880) % %
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