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Please show how you got your answers Fill in the missing amounts in each of the eight case situations below. Each case is independent of
Please show how you got your answers
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:
Please show how you got your answers
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.) Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit Case #1 Case #2 Case #3 Case #4 8,400 20,700 5,800 $ 226,800 $ 310,500 $ 174,000 142,800 207,000 90,000 162,000 89,000 $ (54,000) $ 192,100 $ (13,600) $ 8 $ 13 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 $ 448,000 $ 202,000 $ 301,000 Variable expenses 127,260 90,300 Fixed expenses 52,000 469,000 Net operating income (loss) $ 79,640 $ 91,000 $ (8,300) Contribution margin ratio (percent) 43 % % 80 % %Step by Step Solution
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