Saved Fill in the missing amounts in each of the eight case situations below. Ea

Question

Saved 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: 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 case situations: For all requirements, Loss amounts should be indicated by a minus sign.) ook Complete this question by entering your answers in the tabs below. Hint Required A Required B Print Assume that more than one product is being sold in each of the four following case situations: aferences Case #1 Case #2 Case #3 Case 84 $ 308,000 Sales Variable expenses Fixed expenses Net operating income (loss Contribution margin ratio (percent) S 460,000 262,200 113,000 $ 84,800 206,000 127,720 59,000 9,320 469,000 S 56,920 (8,320) 43% 761% ? Required A

Explanation / Answer

Case-1 Case-2 Case-3 Case-4 Sales 460000 206000 692000 308000 variable expense 262200 127720 166080 89320 Fixed expense 113000 59000 469000 227000 Net operating income 84800 19280 56920 -8320 Contribution Margin ratio 43% 38% 76% 71%

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