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Fill in the missing amounts in each of the following eight case situations. Treat each...

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Accounting

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Fill in the missing amounts in each of the following eight case situations. Treat each case independently. (Hint One way to find the missing amounts would be to prepare a contribution margin income statement for each case, enter the known data, and then compute the missing items.) a. Assume that only one product is being sold in each of the following four case situations: (Negative amounts should be indicated by a minus sign. Enter your contribution margin answers as per unit doller values. Enter your answers rounded to the nearest whole number.) Case Units Sold Sales Variable Expenses Contribution Margin Fixed Expenses Net Income (Loss) 1 16.000 S 224,000 s 54.000 25,000 2 151,200 40% 58 per unit 529 per unit 51,500 $33 per unit 3 10.300 12 13,000 (11.000) 4 255,000 101,000 b. Assume that more than one product is being sold in each of the following four case situations: (Negative amounts should be Indicated by a minus slgn.) Case Sales Variable Expenses Average Contribution Margin (percentage) 25 Fixed Expenses Net Income (Loss) 1 S S 6.000 490,000 440,000 2 264,000 137,000 3 50 101.000 19,000 (4.000) 4 570,000 370,500

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