Question
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others.
Required: | |
a. | Assume that only one product is being sold in each of the four following case situations: (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) |
Case #1 | Case #2 | Case #3 | Case #4 | |
Units sold | 9,000 | 20,000 | 5,000 | |
Sales | $ 270,000 | $ 350,000 | $ | $ 160,000 |
Variable expenses | 162,000 | 280,000 | ||
Contribution margin | $ 108,000 | $ 210,000 | $ 120,000 | $ 70,000 |
Fixed expenses | 90,000 | 170,000 | 82,000 | |
Net operating income (loss) | $ | $ 40,000 | $ 35,000 | $ (12,000) |
Contribution margin per unit | $ | $ 15 | $ 6 | $ |
b. | Assume that more than one product is being sold in each of the four following case situations: (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" and "%" signs in your response.) |
Case #1 | Case #2 | Case #3 | Case #4 | |
Sales | $ 450,000 | $ 200,000 | $ | $ 300,000 |
Variable expenses | 130,000 | 90,000 | ||
Contribution margin | $ 180,000 | $ 70,000 | $ 560,000 | $ 210,000 |
Fixed expenses | 60,000 | 470,000 | ||
Net operating income (loss) | $ 65,000 | $ | $ 90,000 | $ (15,000) |
Contribution margin ratio (percent) | 40 % | % | 80 % | % |
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