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 data, and then compute the missing items.)
A: assume that only one product is being sold in each of the four following cases situations: B: assume that more than one product is being sold in each of the four following case 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 beinq sold in each of the four following case situations Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per uni 9.500 20 900 5,300 $ 266,500 408.000 5 164,300 23.500 96.000 292 600 176.000 6000 S 55200124,000(6,500) 10 Complete this question by entering your answers in the tabs below. Required A Required B Assume that more than one product is being sold in each of the four following case situations: e#3 #4 294,000 94,080 Sales Variable expenses Foxed expenses Net operating income (loss) Contribution margin ratio (percent) 449,000 200,000 128,000 57,000 467.000 63,110 107,820 (26.080) 391% 82%

Explanation / Answer

Case #1 Case #2 Case #3 Case #4 A Unit Sold          9,500     13,600     20,900       5,300 Sales $256,600 $408,000 $501,600 $164,300 variable cost $23,500 $176,800 $292,600 $84,800 Fixed Expenses $96,000 $176,000 $85,000 $86,000 Net operating income (loss) $137,100 $55,200 $124,000 -$6,500 Contribution margin per unit              25 17 10           15 B Case #1 Case #2 Case #3 Case #4 Sales $449,000 $200,000 $701,000 $294,000 variable cost $273,890 $128,000 $126,180 $94,080 Fixed Expenses $112,000 $57,000 $467,000 $226,000 Net operating income (loss) $63,110 $15,000 $107,820 -$26,080 Contribution margin ration 39.00% 36.00% 82.00% 68.00%

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