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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.)

Assume that only one product is being sold in each of the four following case situations:

required A

Case #1 Case #2 Case #3 Case #4
Unit sold 8,300 20,900 5,900
Sales $265,600 $366,800 $194,700
Variable expenses 157,700 271,700
Fixed expenses 94,000 176,000 76,000
Net operating income (loss) $(5,700) $74,200 $12,500
Contribution margin per unit $13 $8

required B

Case #1 Case #2 Case #3 Case #4
Sales $445,000 $194,000 $305,000
Variable expenses 131,920 100,650
Fixed expenses 53,000 475,000
Net operating income (loss) $45,650 $103,510 $(14,650)
Contribution margin ratio (percent) 37 % % 83 % %

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