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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.) 5 Required: points 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: eBook Complete this question by entering your answers in the tabs below. Hint Print Required A Required B References 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 15,000 10,000 6,000 Sales $ 180,000 $ 100,000 $ 300,000 Variable expenses 120,000 70,000 Fixed expenses 50,000 32,000 100,000 Net operating income (loss) $ 8,000 $ 12,000 $ (10,000) Contribution margin per unit $ 10 $ 13 Mc Graw HillFill 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.) 5 points 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: eBook Hint Complete this question by entering your answers in the tabs below. Print References 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 $ 500,000 $ 400,000 $ 600,000 Variable expenses 260,000 420,000 Fixed expenses 100,000 130,000 Net operating income (loss) 7,000 $ 20,000 $ (5,000) Contribution margin ratio (percent) 20% 60% Mc Graw Hill2 5 Required: points 1. What is the break-even point in unit sales and in dollar sales? 2. If the variable expenses per stove increase as a percentage of the selling price. will it result in a higher or a lower break-even point? [Assume that the xed expenses remain unchanged.) Outback Outtters sells recreational equipment One of the company's products, a small camp stove, sells for $50 per unit. Variable expenses are $32 per stove. and xed expenses associated with the stove total $103,000 per month. eBook 3. At present, the company:r is selling 3.000 stoves per month. The sales manager is convinced that a 10% reduction in the selling price would result in a 25% increase in monthly sales of stoves. Prepare two contribution format income Pm\" statements, one under present operating conditions, and one as operations would appear after the proposed changes. References 4. Refer to the data in {3] above. How manyI stoves would have to be sold at the new selling price to attain a target prot of $35,000 per month? Complete this question by entaerlng your answers In the tabs below. Required 1 Required 2 Required 3 Required 4 What Is the break-even point In unit sales and In dollar sales? Breakeven point in unit sales Breakeven mint in dollar sales En\" 5 points eBook Print References Mc Graw Hill Outback Outfitters sells recreational equipment One of the company's products, a small camp stove, sells for $50 per unit. Variable expenses are $32 per stove. and fixed expenses associated with the stove total $108,000 per month. Required: 'I. What is the brea k-even point in unit sales and in dollar sales? 2. If the variable expenses per stove increase as a percentage of the selling price, will it result in a higher or a lower break-even point? [Assume that the fixed expenses remain unchanged.) 3. At present, the company is selling 8,000 stoves per month. The sales manager is convinced that a 10% reduction in the selling price would result in a 25% increase in monthly sales of stoves. Prepare two contribution format income statements, one under present operating conditions, and one as operations would appear alter the proposed changes. 4. Refer to the data in {3] above. HowI mangtlI stoves would have to be sold at the new selling price to attain a target profit of $35,000 per month? Complete this question by entering your answers In the tabs below. Required 1 Required 2 Required 3 Required 4 1f the variable expenses per shove increase as a percentage of the selling price, will It result In a higher or a lower break-even point? (Assume that the xed expense: remain unchanged.) OHigher break-even point OLower break-even point 2 statements, one under present operating conditions, and one as operations would appear after the proposed changes. 4. Refer to the data in (3) above. How many stoves would have to be sold at the new selling price to attain a target profit of $35,000 per month? 5 Complete this question by entering your answers in the tabs below. points Required 1 Required 2 Required 3 Required 4 eBook Print At present, the company is selling 8,000 stoves per month. The sales manager is convinced that a 10% reduction in the References selling price would result in a 25% increase in monthly sales of stoves. Prepare two contribution format income statements, one under present operating conditions, and one as operations would appear after the proposed changes. Outback Outfitters Contribution Income Statement Present Proposed 8,000 Stoves Stoves Total Per Unit Total Per Unit Mc Graw Hill2 Outback Outfitters sells recreational equipment. One of the company's products, a small camp stove, sells for $50 per unit. Variable expenses are $32 per stove, and fixed expenses associated with the stove total $108,000 per month. 5 Required: points 1. What is the break-even point in unit sales and in dollar sales? 2. If the variable expenses per stove increase as a percentage of the selling price, will it result in a higher or a lower break-even point? (Assume that the fixed expenses remain unchanged.) eBook 3. At present, the company is selling 8,000 stoves per month. The sales manager is convinced that a 10% reduction in the selling price would result in a 25% increase in monthly sales of stoves. Prepare two contribution format income Print statements, one under present operating conditions, and one as operations would appear after the proposed changes. References 4. Refer to the data in (3) above. How many stoves would have to be sold at the new selling price to attain a target profit of $35,000 per month? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Refer to the data in Required 3. How many stoves would have to be sold at the new selling price to attain a target profit of $35,000 per month? Unit sales needed to attain the target profit Mc Graw Hill3 Menlo Company distributes a single product. The company's sales and expenses for last month follow: 5 Total Per tl'nit: points Sales 5 600,000 $40 Variable expenses 420 .000 23 Contribution margin 180,000 $ 1-2 eBook Fixed expenses 15] .200 Net: operating immune 5 7-3 :30\" pm.\" = | References Required: 'I. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the brea k-eyen point? 3-a. How many units would have to be sold each month to attain a target prot of $15,500? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $61,000 per month and there is no change in xed expenses, by how much would you expect monthly net operating income to increase? Complete thls question by entering your answers In the tabs below. Mr. G Hiw Hill Sales 5 600,000 $40 Variable expenses 420,000 28 Contribution margin 180,000 $ 12 Fixed expenses 15] .200 5 Nat operating income 5 23:30\" points I Required: eBook 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? Pm\" 3-a. How many units would have to be sold each month to attain a target prot of $35,500? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $61,000 per month and there is no change in xed expenses. by how much would you expect monthly net operating income to increase? References Complete thls question by enherlng your answers In the tabs below. Req 33 Reg 4 Req 5 Mc rw Hill