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Fill in the missing amounts in each of the eight cases below. Each case is independent of the others. ( Hint: One way to find

Fill in the missing amounts in each of the eight cases 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:

  1. Assume that only one product is being sold in each of the four following case situations:
  2. Assume that more than one product is being sold in each of the four following case situations:

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 $445,000 $204,000 $709,000 $298,000
Variable expenses 134,640 113,440 86,420
Fixed expenses 62,000 471,000 229,000
Net operating income (loss) $60,000 $7,360 $124,560 $(17,420)
Contribution margin ratio (percent) 40 % 34 % 84 % 71 %

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