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Steps showing how this is solved would be appreciated Fill in the missing amounts in each of the eight case situations below. Each case is
Steps showing how this is solved would be appreciated
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: b. Assume that more than one product is being sold in each of the four following case situations: Required A Required B Assume that only one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 Unit sold 8,000 14,700 20,600 5,200 Sales S 200,000 $ 352,800 $ 150,800 Variable expenses 191.100 206,000 83,200 136,000 98,000 171,000 85,000 Fixed expenses Net operating income (loss) Contribution margin per unit S (34,000) $ (9,300) $ 173,800 S (17,400) $ 8 S 11 S 13 S 13 Required A Required 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 Sales $ 450,000 $ 207,000 297,000 86.130 130,410 62,000 467,000 Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ 50,500 61,960 $ (16,130) 37 % % 76 % %Step by Step Solution
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