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Problem 1 - Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. Units Sold Total Sales Variable Cost

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Problem 1 - Consider each of the following situations independently. Fill in the blanks with the appropriate information. 1. Units Sold Total Sales Variable Cost Variable Cost Contribution Total Fixed Net Income/ Percentage Margin per Costs (Loss) Unit 20,000 $360,000 $9.90 $40,000 per Unit Work: 2. Total Sales Number of Units Sold Selling Price Variable Cost Per Unit Total Fixed Costs Total Contribution Margin Net Income (Loss) per Unit 78,000 $62.00 $1,876,543 $1,266,857 Work: 3. Total Variable Cost Number of Units Sold Selling Price Contribution Margin Percentage Contribution Margin per Unit Total Fixed Costs Net Income/ (Loss) per Unit $247,500 $195.00 $1,050,000 ($172,500) Work

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