Question
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
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.
Assume that only one product is being sold in each of the four following case situations:
A Case #1 Case #2 Case #3 Case #4
Unit sold 8,700 19,400 5,300
Sales $243,600 $303,600 $143,100
Variable expenses 121,800 271,600
Fixed expenses 81,000 177,000 86,000
Net operating income (loss) $(5,400) $38,400 $(33,000)
Contribution margin per unit $13 $6
B Case #1 Case #2 Case #3 Case #4
Sales $458,000 $199,000 $296,000
Variable expenses 127,360 100,640
Units Sold
Fixed expenses 67,000 474,000
Net operating income (loss) $51,880 $106,440 $(27,640)
Contribution margin per unit 36% 84%
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