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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: (For all requirements, Loss amounts should be indicated by a minus sign.)

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 8,500 20,500 5,600
Sales $289,000 $378,000 $156,800
Variable expenses 153,000 205,000
Fixed expenses 96,000 168,000 88,000
Net operating income (loss) $14,000 $144,500 $(26,400)
Contribution margin per unit $13 $11

b)

Assume that more than one product is being sold in each of the four following case situations:

Case #1 Case #2 Case #3 Case #4
Sales $447,000 $192,000 $292,000
Variable expenses 132,480 75,920
Fixed expenses 59,000 471,000
Net operating income (loss) $74,740 $115,500 $(7,920)
Contribution margin ratio (percent) 42 % % 85 % %

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