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Fill in the missing amounts in each of the eight case situations below. Each case...

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Question

Accounting

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:

................case#1....Case#2...case#3...case#4

units sold:....$8800......$?........$19200....$4500

sales:......$237600....$352500....$?.....$153000

Variable expense: $123200..$?.....$172800..$?

Fixed expenses: $83000...$174000...$?......$77000

net operating income(loss): $?..$37500..$177800..$4000

contribution margin per unit: $?..$15....$14......$?

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:...................$459000...$198000..$?........$302000

Variables expense: $?.........$124740....$?..........$78520

Fixed expenses:.....$?.........$63000....$465000....$?

Net operating income(loss): $56830..$?..$74000..$(9520)

Contribution margin ratio(percent): 37%...?%..77%..?%

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