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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 21,000 4,400 Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 8,900 $231,400$ 372,500 $ 132,000 133,500 210,000 82,000 178,000 76,000 800146,000 $(23,200) 12 S 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 $ 299,000 Sales Variable expenses Fixed expenses Net operating income (loss) Average contribution margin ratio (percent) $ 450,000$ 194,000 128,040 54,000 92,690 470,000 80,500 43% S 120,520(13,690) 84%
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