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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

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:

Case #1 Case #2 Case #3 Case #4
Unit sold 8,500 20,300 5,200
Sales $263,500 $306,600 $150,800
Variable expenses 127,500 284,200
Fixed expenses 80,000 171,000 80,000
Net operating income (loss) $(25,000) $122,000 $(28,000)
Contribution margin per unit $10 $10

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 $450,000 $200,000 $299,000
Variable expenses 122,000 80,730
Fixed expenses 56,000 468,000
Net operating income (loss) $63,500 $100,260 $(10,730)
Contribution margin ratio (percent) 39 % % 82 % %

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

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