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Fill in the missing amounts in each of the following four case situations. Treat each case independently. (Hint: One way to find the missing amounts
Fill in the missing amounts in each of the following four case situations. Treat each case independently. (Hint: One way to find the missing amounts would be to prepare a contribution margin 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: (Negative amounts should be indicated by a minus sign. Enter your contribution margin answers as per unit dollar values. Enter your answers rounded to the nearest whole number.) Variable Case Units Sold Sales Expenses Contribution Margin Fixed Expenses Net Income (Loss) 1 14,000 $182,000 $6 per unit $ 52,000 2 105,000 $17 per unit 40% 31,000 3 10,200 81,600 10 10,000 4 245,000 $32 per unit 93,000 (8,000)
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