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Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only

Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others.

Required:

a. Assume that only one product is being sold in each of the four following case situations:

b. Assume that more than one product is being sold in each of the four following case situations:

Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.)

Case 1 Case 2 Case 3 Case 4
Units sold 8,600 20,600 5,000
Sales $266,600 $356,400 $155,000
Variable expenses 137,600 247,200
Contribution margin
Fixed expenses 89,000 178,000 81,000
Net operating income (loss) $46,400 $152,200 $(16,000)
Contribution margin per unit $17 $12

Assume that more than one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.)

Case 1 Case 2 Case 3 Case 4
Sales $444,000 $193,000 $303,000
Variable expenses 131,240 84,840
Contribution margin
Fixed expenses 59,000 474,000
Net operating income (loss) $66,480 $72,680 $(1,840)
Contribution margin ratio (percent) 42 % % 79 % %

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