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
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
$
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
%24
%24
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 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 $ 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 %24 %24
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