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Will like answer thanks Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint:
Will like answer thanks
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: (For all requirements, Loss amounts should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. 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 8,600 19,500 5,300 $ 356,400 $ 148,400 Sales Variable expenses 215,000 $ 120,400 195,000 Fixed expenses 91,000 169,000 86,000 $ 68,600 $ 157,000 $ (17,100) Net operating income (loss) Contribution margin per unit $ 18 $ 12 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: (For all requirements, Loss amounts should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. 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 $ 459,000 $ 203,000 $ 293,000 96,690 125,860 66,000 Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ 108,920 $ (30,690) 49,240 36 % % 82 % %Step by Step Solution
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