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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
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: Complete this 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: Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit Case #1 Case #2 Case #3 Case #4 15,000 10,000 6,000 $ 180,000 $ 100,000 $ 300,000 120,000 70,000 50,000 32,000 100,000 $ 8,000 $ 12,000 $ (10,000) 10 $ 13 $ HA Required A Required B > Required A Required B Assume that more than one product is being sold in each of the four following case situations: Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) Case #1 Case #2 $ 500,000 $ 400,000 260,000 100,000 $ 7,000 Case #3 Case #4 $ 600,000 420,000 130,000 $ 20,000 $ (5,000) 60% 20%
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