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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 9,500 19,100 5,700 Sales $ 237,500 $ 361,800 $ 199.500 Variable expenses 267,400 114,000 92,000 Fixed expenses Net operating income (loss) Contribution margin per unit 166,000 (5,200 $ 78,000 13,200 $ 82,900 $ $ 12 $ 9 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 #1 Case #2 Case #3 Case #4 Sales $ 451,000 $ 193,000 $ 293.000 133,170 84,970 60,000 467,000 Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ 51,360 $ 128,850 $ (20,970) 36 % % 85 % %
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