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 following four case situations: Unit sold Sales Variable expenses Fixed expenses Operating income (loss) Contribution margin per unit $ Sales Variable expenses Fixed expenses Operating income (loss) Average contribution margin (percentage) Case #1 15,900 190,800 $ 127,200 53,000 $ $ $ $ Case #2 106,000 33,920 7,300 20% 8,480 $ 10 $ Case #1 506,000 $ Case #3 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) 10,600 Case #2 406,000 263,900 101,500 74,200 Case #4 6,360 $ 318,000 106,000 12,720 $ (10,600) 13 $ Case #3 Case #4 $ 606,000 424,200 131,800 21,800 $ (5,000) 60%
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 following four case situations: Unit sold Sales Variable expenses Fixed expenses Operating income (loss) Contribution margin per unit $ Sales Variable expenses Fixed expenses Operating income (loss) Average contribution margin (percentage) Case #1 15,900 190,800 $ 127,200 53,000 $ $ $ $ Case #2 106,000 33,920 7,300 20% 8,480 $ 10 $ Case #1 506,000 $ Case #3 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) 10,600 Case #2 406,000 263,900 101,500 74,200 Case #4 6,360 $ 318,000 106,000 12,720 $ (10,600) 13 $ Case #3 Case #4 $ 606,000 424,200 131,800 21,800 $ (5,000) 60%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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