Fill in the blanks for each of the following independent cases. LOADING... (Clic
ID: 2331608 • Letter: F
Question
Fill in the blanks for each of the following independent cases.
LOADING...
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(For entries with a $0 balance, make sure to enter "0" in the appropriate cell. Round the contribution margin percentage to the nearest whole percent.)
Case
Revenues
Variable Costs
Fixed Costs
total Costs
Operating Income
Contribution Margin Percentage
a.
$600
$800
$1,600
b.
$2,500
$200
$900
c.
$500
$300
$500
d.
$1,200
$200
25
%
Case
Revenues
Variable Costs
Fixed Costs
total Costs
Operating Income
Contribution Margin Percentage
a.
$600
$800
$1,600
b.
$2,500
$200
$900
c.
$500
$300
$500
d.
$1,200
$200
25
%
Explanation / Answer
Case Revenues variable cost Fixed cost Total cost operating income contribution margin Contribution a 2400 600 200 800 1600 75% 1800 b 2500 1400 200 1600 900 44% 1100 c 500 300 200 500 0 40% 200 d 1200 900 200 1100 100 25% 300 formula uses in the above table contribution = Revebues-variable cost contribution margin = contribution/revenue operating income = Revenue-total cost total cost = fixed cost + variable cost
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