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Fill in the missing amounts in each of the following eight case situations. Treat each case independently. ( Hint: One way to find the missing

Fill in the missing amounts in each of the following eight 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.)

Case

Units Sold

Sales

Variable Expenses

Contribution Margin

Fixed Expenses

Net Income (Loss)

1

14,000

$182,000

$7 per unit

$48,000

2

112,500

$20 per unit

40%

29,500

3

9,900

49,500

11

11,000

4

350,000

$38 per unit

95,000

(11,000)

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

Case

Sales

Variable Expenses

Average Contribution Margin (percentage)

Fixed Expenses

Net Income (Loss)

1

$520,000

20

$7,000

2

370,000

222,000

105,000

3

70

135,000

19,000

4

580,000

435,000

(4,000)

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