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.) 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.) 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 8,300 20,600 4,600 $265,600$ 392,000 S 147,200 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 141,100 206,000 85,000 (11,400) 90,000 172,000 S 52,000$ 200,400 16 S 14

Explanation / Answer

Contribution margin=Sales-Variable costs

Contribution margin-Fixed costs=Net operating income

1 2 3 4 Units sold 8300 14000 20600 4600 Sales 265600 392000 494400 147200 Variable expenses 141100 168000 206000 73600 Fixed expenses 90000 172000 88000 85000 Net operating income 34500 52000 200400 (11400) Contribution margin per unit 15 16 14 16

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