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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 Sales 8,100 19,400 5,600 $ 259,200 $ 321,200 $ 179,200 Variable expenses 137,700 213,400 Fixed expenses 81,000 175,000 80,000 Not operating income (loss) Contribution margin per unit $ (29,000) $ 162,200 $ (12,800) $ 10 $ 13 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 more than one product is being sold in each of the four following case situations: Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) Case #1 Case #2 Case #3 Case #4 S 444,000 $ 192,000 296,000 122,880 79,920 60,000 465,000 $ 78,360 44 % $ 124,300 $ (15,920) 83 % % < Required A Required B Lindon Company is the exclusive distributor for an automotive product that sells for $24.00 per unit and has a CM ratio of 30%. The company's fixed expenses are $118,800 per year. The company plans to sell 18,100 units this year. Required: 1. What are the variable expenses per unit? (Round your "per unit" answer to 2 decimal places.) 2. What is the break-even point in unit sales and in dollar sales? 3. What amount of unit sales and dollar sales is required to attain a target profit of $46,800 per year? 4. Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $2.40 per unit. What is the company's new break-even point in unit sales and in dollar sales? What dollar sales is required to attain a target profit of $46.800? 1. Vanable expense per unit 2. Broak-even point in units Break-even point in dollar sales 3 Unit sales needed to attain target profit Dollar sales needed to attain target profit 4 New break-even point in unit sales New break-even point in dollar sales Dollar sales needed to attain target profit
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