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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: Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit Case #1 Case #2 Case #3 Case #4 9,700 20.500 4,600 S 281,300 S 310,500 S 115,000 164,900 266,500 91,000 165,000 73,000 $ 10,500 $ 114,000 S (36,200) S 13 S 10 b. Assume that more than one product is being sold in each of the four following case situations: Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) Case #1 Case #2 $ 450,000 S 199,000 125,370 61,000 $ 70,000 Case #3 Case #4 S 295,000 74,000 475,000 $ 60,800 S (12,000) 42% 76%
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