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 more than one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Case #1 Case #2 Case #3 Case #4 Sales $ 459,000 $ 194,000 2$ 304,000 Variable expenses 124,160 79,040 Fixed expenses 56,000 475,000 Net operating income (loss) $ 72,600 52,440 $ (1,040) Contribution margin ratio (percent) 40 % 76 % % < Required A Required B

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 more than one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Case #1 Case #2 Case #3 Case #4 Sales $ 459,000 $ 194,000 2$ 304,000 Variable expenses 124,160 79,040 Fixed expenses 56,000 475,000 Net operating income (loss) $ 72,600 52,440 $ (1,040) Contribution margin ratio (percent) 40 % 76 % % < Required A Required B

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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I need answers for D the most! Please and thanks!
A-2
Please explain this step by step or show me how to do it with the right formulas.
Cherokee Incorporated is a merchandiser that provided the following information: Can you please help me complete the traditional income statement as well as the contribution format income statement.
ra subject-Accounting
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hin the missing amounts would be to prepare a contribution format income statement for each case, enter the known 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: 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: Units sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case 1 15,000 180,000 120,000 50,000 Case 2 $ 100,000 $ $ 32,000 8,000 $ 10 $ Case 3 10,000 70,000 $ 12,000 $ 13 Case 4 6,000 300,000 100,000 (10,000)
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I just need part (b)! thank you! Correct answer please