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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 #3 Case #4 Unit sold 20,900 5,000 170,000 Sales $ 372,500 $ 8,800 255,200 $ 105,600 97,000 Variable expenses 188,100 Fixed expenses 167,000 91,000 $ 11,800 $ 208,600 $ (6,000) Net operating income (loss) Contribution margin per unit $ 12 $ 14 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 Sales $ 457,000 $ $ 190,000 115,900 51,000 297,000 100,980 Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) 473,000 65,200 $ 68,230 $ $ (27,980) 39 % % 78 % %
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