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.)

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

Case 1:

Units Sold - 8,600

Sales - $258,000

Variable Expenses - $120,400

Fixed Expenses - $83,000

Net Operating Income: - ?

Contribution Margin Per Unit - ?

Case 2:

Units Sold - ?

Sales - $294,800

Variable Expenses - ?

Fixed Expenses - $178,000

Net Operating Income: - ($70,800)

Contribution Margin Per Unit - $8

Case 3:

Units Sold - 19800

Sales - ?

Variable Expenses - $158,400

Fixed Expenses - ?

Net Operating Income: - $201,200

Contribution Margin Per Unit - $14

Case 4:

Units Sold - 5000

Sales - $150,000

Variable Expenses - ?

Fixed Expenses - $80,000

Net Operating Income: - ($20,000)

Contribution Margin Per Unit - ?

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

Case 1:

Sales - $459,000

Variable Expenses - ?

Fixed Expenses - ?

Net Operating Income - $75,780

Contribution Margin Ratio (%) - 42%

Case 2:

Sales - $205,000

Variable Expenses - $131,200

Fixed Expenses - $66,000

Net Operating Income - ?

Contribution Margin Ratio (%) - ?

Case 3:

Sales - ?

Variable Expenses - ?

Fixed Expenses - $471,000

Net Operating Income - $93,570

Contribution Margin Ratio (%) - 81%

Case 4:

Sales - $298,000

Variable Expenses - $80,460

Fixed Expenses - ?

Net Operating Income - ($8,460)

Contribution Margin Ratio (%) - ?