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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.)
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 | 9,000 | 14,900 | 20,500 | 5,000 |
Sales | $270,000 | $298,000 | $512,500 | $160,000 |
Variable expenses | 171,000 | 163,900 | 287,000 | 95,000 |
Fixed expenses | 83,000 | 164,000 | 88,000 | 79,000 |
Net operating income (loss) | $16,000 | $(29,900) | $137,500 | $(14,000) |
Contribution margin per unit | $11 | $9 | $11 | $13 |
Required: | |||||||||||||||||||||||||||||||
. Assume that more than one product is being sold in each of the four following case situations | |||||||||||||||||||||||||||||||
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