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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

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.)

Required A

Case #1 Case #2 Case #3 Case #4
Units Sold 8,500 20,900 4,600
Sales $ 238,000 $ 369,600 $ 124,200
Variable expenses 144,500 167,200
Fixed expenses 99,000 175,000 82,000
Net Operating Income (loss) $ 62,600 $177,700 $ (45,200)
Contribution margin per unit $ 18 $ 13

Required B:

Case #1 Case #2 Case #3 Case #4
Sales $459,000 $198,000 $305,000
Variable expenses 134,640 88,450
Fixed expenses 55,000 467,000
Net operating income (loss) $ 72,600 $93,000 $ (9,450)
Contribution margin ratio (percent) 40 % % 80 % %

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