value 9.10 points Fill in the missing amounts in each of the eight case situations...
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Accounting
value 9.10 points 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 Assume that only one product is being sold in each of the four following case situations Case #1 Case #2 Case #3 Case #4 4,900 Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 8,500 20,700 $229,500$ 325,000 $ 132,300 127,500 227,700 88,000 176,000 76,000 S45,000203,800$ (41,700) 17 $ 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 $ 309,000 Sales Variable expenses Fixed expenses Net operating income (loss) Average contribution margin ratio (percent) $455,000 $ 192,000 130,560 55,000 83,430 470,000 89,320 $ (3,430) 64,000 40% 19%
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