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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 Assume that only one product is being sold in each of the four following case situations Case #1 Case #2 Case #3 Case #4 20,000 4,000 Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 9,400 $ 291,400 288,200 $136,000 188,000 180,000 98,000 167,000 89,000 3,300 $ 183,000$(25,000) 13 $ 13 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 $ 442,000 $ 193,000 121,590 69,000 $292,000 Sales Variable expenses Fixed expenses Net operating income (loss) Average contribution margin ratio (percent) 84,680 472,000 56,960 92,000 (11,680) 38% 80%
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