Assume that only one product is being sold in each of the four following case situations: (Lo a minus sign.) Units sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case 1 9,300 316,200 $ 148,800 96,000 $ $ Case 2 343,200 175,000 (46,300) $ 9 $ Case 3 19,700 275,800 $ 88,300 $ 9 Case 4 4,800 153,600 80,000 (12,800)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1

Fill in the missing amounts in each of the eight case situations below. Each case is
independent of the others.
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:
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: (Loss
a minus sign.)
Units sold
Sales
Variable expenses
Fixed expenses
Net operating income (loss)
Contribution margin per unit
$
Case 1
Case 2
9,300
316,200 $ 343,200
148,800
96,000
$
$
175,000
(46,300) $
9 $
GA
Case 3
19,700
275,800
$
88,300 $
9
Case 4
4,800
153,600
80,000
(12,800)
Transcribed Image Text:Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. 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: 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: (Loss a minus sign.) Units sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case 1 Case 2 9,300 316,200 $ 343,200 148,800 96,000 $ $ 175,000 (46,300) $ 9 $ GA Case 3 19,700 275,800 $ 88,300 $ 9 Case 4 4,800 153,600 80,000 (12,800)
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