Question
Q1. Fill in the missing amount in the situation below. (HINT:One way to find the missing amounts would be to prepare the contribution format income
Q1.
Fill in the missing amount in the situation below. (HINT:One way to find the missing amounts would be to prepare the contribution format income statement for each case, enter the known data, and then compute the missing items.)
- Assume that more than one product is being sold in the following case situation
| Case | Sales | Variable Expenses | Avg CM % | Fixed Expenses | NOI (Loss) |
| 1 | E | F | 80% | $470,000 | $90,000 |
Q2.
Fill in the missing amounts in the case situations below. (HINT:One way to find the missing amounts would be to prepare the contribution format income statement for each case, enter the known data, and then compute the missing items.)
- Assume that more than one product is being sold in the following case situation
| Case | Sales | Variable Expenses | Avg CM % | Fixed Expenses | NOI (Loss) |
| 2 | $300,000 | $90,000 | G | H | $(15,000) |
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jeff Jones
3rd Edition
1285424409, 978-1285423678
