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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: Assume that only one product is being sold in each of the four following case situations Case #1 Case #2 Case #3 Case #4 20,100 5,600 $145,600 9,800 Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $254,800$ 408,900 186,200 201,000 99,000 162,000 88,000 $ 91,800$223,500 $ (54,400) 18 $ b. Assume that more than one product is being sold in each of the four following case situations Case #1 Case #2 Case #3 Case #4 $304,000 Sales Variable expenses Fixed expenses Net operating income (loss) Average contribution margin ratio (percent) $443,000 $ 199,000 131,340 57,000 94,240 472,000 $70,630 $ 105,680$(18,240) 41% 83%
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