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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: (Loss amounts should be indicated by a minus sign.) Case #1 Case #2 Case #3 Case #4 Unit sold 9,800 20,800 4,700 Sales $ 323,400 $ 411,600 $ 164,500 Variable expenses 249,600 156,800 99,000 Fixed expenses 167,000 112,300 81,000 13,000 $ $ 131,000 $ Net operating income (loss) Contribution margin per unit $ 19 $ 10 Required A Required B Assume that more than one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Case #1 Case #2 Case #3 Case #4 Sales $ 451,000 $ $ 208,000 145,600 305,000 103,700 Variable expenses 62,000 475,000 Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ 76,460 $ (22,700) 54,870 37 % % 78 % %
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