Question

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.)

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 8,900 19,800 4,800 Sales $284,800 $379,900 $120,000 Variable expenses 169,100 198,000 Fixed expenses 94,000 164,000 76,000 Net operating income (loss) $84,900 $147,600 $(47,200) Contribution margin per unit $ $19 $12

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 $444,000 $196,000 $293,000 Variable expenses 125,440 93,760 Fixed expenses 59,000 468,000 Net operating income (loss) $61,160 $116,320 $(16,760) Contribution margin ratio (percent) 39 % % 83 % %

Answer 1