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 make 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.)

Answer 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:

A.

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

Unit sold 9,900 19,300 4,000

Sales $346,500 $360,000 $132,000

Variable expenses 118,800 270,200

Fixed expenses 96,000 161,000 74,000

Net operating income (loss) $(2,600) $90,700 $(10,000)

Contribution margin per unit $11 $9

B.

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

Sales $446,000 $203,000 $291,000

Variable expenses 140,070 84,390

Fixed expenses 57,000 474,000

Net operating income (loss) $60,400 $120,720 $(21,390)

Contribution margin ratio (percent) 40% % 84% %