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Please show details on how you got your answers. Thank you. 10.00 points Fill in the missing amounts in each of the eight case situations
Please show details on how you got your answers. Thank you. 10.00 points 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 a. Assume that only one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 8,700 19,500 4,700 Unit sold Sales Variable expenses Fixed expenses 295,800 286,000 $ 159,800 113,100 273,000 93,000 179,000 76,000 Net operating income (loss) 89,700(23,000) 113,000 (10,200) Contribution margin per unit S 621 S 12 S 10 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 $ 290,000 $ 442,000 191,000 116,510 65,000 Variable expenses Fixed expenses Net operating income (loss) Average contribution margin ratio (percent) 75,400 468,000 $ 75,480 44% $ 70,080(2,400) 76% 7 FS
Please show details on how you got your answers. Thank you.
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