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.)

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.)

Case#1 Case#2 Case#3 Case#4

Unit Sold 8,900 20,500 4,9600

Sales 258,100 325,000 122,500

Variable Expenses 169,100 225,500

Fixed Assets 84,000 170,000 79,000

Net Operating income(loss) 38,000 186,500 (34,900)

Contribution margin per unit 16 13

B.

Case#1 Case#2 Case#3 Case#4

Sales 440,000 194,000 291,000

Variable expenses 116,400 84,390

Fixed Expenses 55,000 466,000

Net Operating Income (loss) 60,600 72,230 (26,390)

Contribution margin ratio (percent) 39% 77%

Answer rating: 100% (QA)

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