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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
Case #1 Case #2 Case #3 Case #4
Sales $448,000 $208,000 $292,000
Variable expenses 264,320 143,520 90,520
Fixed expenses 117,000 56,000 467,000
Net operating income (loss) $66,680 $101,620 $(15,520)
Average contribution margin ratio (percent) 41% ????? 81%

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