Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and ther 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 $ Case #1 15,600 187,200 $ 124,800 52,000 $ $ Case #2 104,000 33,280 8,320 $ 10 $ Case #3 10,400 72,800 $ 12,480 $ 13 Case #4 6,240 312,000 104,000 (10,400) b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margir percent. Round your final answers to the nearest whole dollar amount.)
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and ther 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 $ Case #1 15,600 187,200 $ 124,800 52,000 $ $ Case #2 104,000 33,280 8,320 $ 10 $ Case #3 10,400 72,800 $ 12,480 $ 13 Case #4 6,240 312,000 104,000 (10,400) b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margir percent. Round your final answers to the nearest whole dollar amount.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
15,600
187,200 $
124,800
52,000
$
$
$
$
Case #2
104,000
Case #1
33,280
8,320 $
10 $
7,200
20%
504,000 $
Case #3
b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio"
percent. Round your final answers to the nearest whole dollar amount.)
Case #2
10,400
404,000
262,600
101,000
72,800
$
12,480 $
13
$
Case #4
6,240
312,000
Case #3
104,000
(10,400)
131,200
$
21,200 $
60%
Case #4
604,000
422,800
(4,000)
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