Fill in the missing amounts in each of the eight case situations below. Each case...
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Accounting
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others.
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:
A.
| Case 1 | Case 2 | Case 3 | Case 4 | |
|---|---|---|---|---|
| Unit Sold | 8800 | 20700 | 5700 | |
| Sales | 220000 | 397300 | 148200 | |
| Variable Expense | 123200 | 248400 | ||
| Contribution Margin | ||||
| Fixed Expense | 87000 | 173000 | 91000 | |
| Net Operating Income ( Loss) | 32500 | 136700 | (39700) | |
| Contribution Margin Per Unit | 15 | 11 |
B.
| Case 1 | Case 2 | Case 3 | Case 4 | |
|---|---|---|---|---|
| Sales | 447000 | 197000 | 295000 | |
| Variable Expense | 135930 | 103250 | ||
| Contribution Margin | ||||
| Fixed Expense | 67000 | 473000 | ||
| Net Operating Income ( Loss) | 48920 | 108280 | (25,250) | |
| Contribution Margin Ratio ( Percent) | 36 | 84 |
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