Question
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.)
Required B Required A Assume that only one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 Unit sold 8,400 20,900 6,000 $ Sales 226,800 343,200 162,000 Variable expenses 134,400 209,000 Fixed expenses 74,000 100,000 165,000 Net operating income (loss) $ 19,800 $ $ (20,000) 194,700 $ $ Contribution margin per unit 14 13 Required A Required 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 S Sales 459,000 204,000 300,000 Variable expenses 132,600 99,000 Fixed expenses 63,000 473,000 Net operating income (loss) Contribution margin ratio (percent) 59,420 119,200 (30,000) 38% % 84 %Step by Step Solution
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