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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:
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 Assume that only one product is being sold in each of the four following case situations: Case #2 8,000 Unit sold 21,000 5,300 S 240,000 312,400 Sales 148,400 120,000 273,000 Variable expenses 166,000 82,000 90,000 Fixed expenses 32,800 Net operating income (loss) 90,000 (18,400) S 8 Contribution margin per unit 14 b. Assume that more than one product is being sold in each of the four following case situations: Case #3 Case #1 Case #4 456,000 Sales 207,000 301,000 138,690 Variable expenses 102,340 Fixed expenses 474,000 94,620 S (26,340) 66,400 Net operating income (loss) Average contribution margin ratio (percent) 40% 81%
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