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

Question

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 dat then compute the missing items.) 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 cas situations (For all requirements, Loss amounts should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Required A Required B Assume that only one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 8,400 19,200 5,500 S 226,800 377,000 S 159,500 168,000 172,800 89,000 169,000 84,000 34,000 183,800 (29,000) 14 $ 14 Required B>

Explanation / Answer

Case1 Case2 Case3 Case4 Unit sold (i) 8,400 14,500 19,200 5,500 Sales (ii) 226,800 377,000 441,600 159,500 Selling price per unit (ii)/(i) = (iii) 27 26 23 29 Variable expenses (iv) 168,000 174,000 172,800 104,500 Variable expenses per unit (iv)/(i) = (v) 20 12 9 19 Contribution margin per unit (iii) - (v) = (vi) 7 14 14 10 Total contribution margin (i) x (vi) = (vii) 58,800 203,000 268,800 55,000 Fixed expenses (viii) 89,000 169,000 85,000 84,000 Operating income(loss) (vii) - (viii) -30,200 34,000 183,800 -29,000

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