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:
(For all requirements, Loss amounts should be indicatedby a minus sign.)
Assume that only one product is being sold in each of the fourfollowing case situations:
required A
|
| | Case #1 | Case #2 | Case #3 | Case #4 | | Unit sold | 8,300 | | 20,900 | 5,900 | | Sales | $265,600 | $366,800 | | $194,700 | | Variable expenses | 157,700 | | 271,700 | | | Fixed expenses | 94,000 | 176,000 | | 76,000 | | Net operating income (loss) | | $(5,700) | $74,200 | $12,500 | | Contribution margin perunit | | $13 | $8 | |
|
required B
|
| | Case #1 | Case #2 | Case #3 | Case #4 | | Sales | $445,000 | | $194,000 | | | | $305,000 | | | Variable expenses | | | 131,920 | | | | 100,650 | | | Fixed expenses | | | 53,000 | | 475,000 | | | | | Net operating income (loss) | $45,650 | | | | $103,510 | | $(14,650) | | | Contribution margin ratio(percent) | 37 | % | | % | 83 | % | | % |
|
