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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 8,700 20,600 5,200 Sales $ 287,100 $ 353,600 $ 182,000 Variable expenses 147,900 267,800 Fixed expenses 82,000 161,000 70,200 $ 90,000 (6,800) $ 141,600 $ Net operating income (loss) Contribution margin per unit 17 $ 11 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 $ 440,000 $ $ 202,000 141,400 68,000 303,000 90,900 Variable expenses Fixed expenses 466,000 56,000 $ 57,600 $ $ (18,900) Net operating income (loss) Contribution margin ratio |(percent) 39 % % 75 % %
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