Fill in the missing amounts in each of the eight case situationsbelow. Each case is independent of the others. (Hint: Oneway to find the missing amounts would be to prepare a contributionformat income statement for each case, enter the known data, andthen compute the missing items.)
Required:
a. Assume that only one product is being sold in each of thefour following case situations:
b. Assume that more than one product is being sold in each ofthe four following case situations:
| Part 1 |
| | 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 perunit | | $10 | $13 | |
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???????
| Part 2 |
| | 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 | % | | % |
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