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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:

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

Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.)

Case 1 Case 2 Case 3 Case 4
Units sold 8,700 11,642 20,000 5,700
Sales $217,500 $352,800 $319,800 $171,000
Variable expenses 147,900 189,800 240,000 81,000
Contribution margin 11,500
Fixed expenses 92,000 163,000 79,800 90,000
Net operating income (loss) $(22,400) $42,800 $162,000 $(21,600)
Contribution margin per unit $8 $14 $12 $16

Assume that more than one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.)

Case 1 Case 2 Case 3 Case 4
Sales $452,000 $191,000 $294,000
Variable expenses 171,240 127,970 91,140
Contribution margin 198,880 148,980 191,000
Fixed expenses 280,760 53,000 472,000
Net operating income (loss) $81,880 $80,240 $(31,140)
Contribution margin ratio (percent) 44 % % 78 % %

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