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 case situations: (picture1) b. Assume that more than one product is being sold in each of the four following case situations: (picture2)
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 case situations: (picture1) b. Assume that more than one product is being sold in each of the four following case situations: (picture2)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 case situations:
(picture1)
b. Assume that more than one product is being sold in each of the four following case situations:
(picture2)
Transcribed Image Text:Average
Contribution
Net Operating
Variable
Fixed
Margin
Ratio
Income
Case
Sales
Expenses
Expenses
(Loss)
$500,000
$400,000 $260,000
1.
20%
?
$7,000
?
$100,000
$130,000
2.
?
?
60%
$20,000
$(5,000)
3.
4.
$600,000 $420,000
?
Transcribed Image Text:Contribution
Margin
per Unit
Net Operating
Units
Variable
Fixed
Income
Case
Sold
Sales
Expenses
Expenses
(Loss)
15,000 $180,000 $120,000
$100,000
$50,000
$32,000
1.......
$8,000
$12,000
$(10,000)
?
?
$10
$13
2.
1p,000
6,000 $300,000
3.
$70,000
4.
?
$100,000
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