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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: Answer is not complete. 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: (Loss amounts should be indicated by a minus sign.) Case #1 Case #2 Case #3 Case #4 Unit sold 8,700 16,918 X 20,300 4,900 Sales $ 287,100 $ 372,500 $ 156,800 Variable expenses 130,500 203,000 90,000 87,000 Fixed expenses Net operating income (loss) Contribution margin per unit 186,400 X 175,000 (11,100) 11 S 66,600$ $ 196,200 $ (13,500) $ 18 $ $ 14 Required A Required B > Required A Required B 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 451,000 197,000 $ 306,000 Variable expenses 133,960 104,040 Fixed expenses 66,000 474,000 $ 46,360 $ 57,000 $ (32,040) Net operating income (loss) Contribution margin ratio (percent) 36 % % 75 % %
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