Question
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 following four case situations:
CASE 1 2 3 4
UNITS SOLD 6900 29000 NIL 7000
SALES 400,200 928,000 NIL 441,000
VARIABLE EXP 220,800 NIL 754,000 NIL
CM/UNIT NIL 22 6 NIL
FIXED EXP 95,000 290,000 NIL 85,000
OPERATING INCOME NIL 62,000 92,000 129,000
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b. | Assume that more than one product is being sold in each of the following four case situations: CASE # 1 2 3 4 UNITS SOLD 490,000 185,000 NIL 390,000 SALES NIL 120,250 NIL 81,900 AV CM% 40% NIL 80% NIL FIXED EXP NIL 30,000 590,000 NIL OP INCOME 69,000 NIL 74,000 (35,000)
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