TOAO pons 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 Unit sold 8,500 20,200 5,000 Sales $ 280,500 285,600 $ 150,000 Variable expenses 110,500 202,000 Fixed expenses 94,000 179,000 76,000 Net operating income (loss) 205,800 $ (29,400) S (21,000) Contribution margin per unit $ 11 $ 14 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 S 451,000 202,000 292,000 Variable 07 cOo S Contribution margin per unit 11 14 than one product is being sold in each of the four following case situations: b. Assume that more C Case #2 Case #3 Case #1 Case #4 451.000 202,000 Sales 292,000 Variable expenses 123,220 87,600 466,000 Fixed expenses 54,000 Net operating income (loss) Contribution margin ratio (percent) 94,800 74,930 (28,600) 43% 80% References eBook & Resources Worksheet Learning Objective: 05-01 Explain how changes in activity affect contribution margin and net operating income