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In the following chart, fill in the missing cells for each of the following independent scenarios. Do not enter dollar signs or commas in the
In the following chart, fill in the missing cells for each of the following independent scenarios.
Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number, except for the CM Ratio. Round the CM Ratio to 2 decimal places.
Scenario | Revenue | Variable Costs | Fixed Costs | Total Costs | Operating Income | CM Ratio | Contribution Margin |
1 | $720 | $Answer | $310 | $720 | $ | Answer% | $Answer |
2 | $1,700 | $Answer | $Answer | $1,900 | $Answer | 66.00% | $Answer |
3 | $Answer | $920 | $Answer | $1,040 | $740 | Answer% | $Answer |
4 | $760 | $Answer | $210 | $Answer | $-50 | Answer% | $160 |
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