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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:

  • 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 8,400 14,400 20,500 4,200
Sales $226,800 $388,800 $512,500 $130,200
Variable expenses 109,200 115,200 266,500
Fixed expenses 99,000 173,000 82,000 76,000
Net operating income (loss) $100,600 $164,000 $(17,200)
Contribution margin per unit $14 $19 $12

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

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 $457,000 $206,000 $306,000
Variable expenses 131,840 88,740
Fixed expenses 55,000 467,000
Net operating income (loss) $86,080 $89,000 $(8,740)
Contribution margin ratio (percent) 44 % % 80 % %

Garrison 17e Rechecks 2020-13-10

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