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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.) 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 $ 104,000 124,800 52,000 $ $ $ S Case #2 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" in percent. Round your final answers to the nearest whole dollar amount.) Case #2 10,400 404,000 262,600 101,000 72,800 $ $ Case # 4 104,000 12,480 $ (10,400) 13 Case #3 6,240 312,000 131,200 Case #4 $ 604,000 422,800 21,200 $ 60% (4,000)

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 $ 104,000 124,800 52,000 $ $ $ S Case #2 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" in percent. Round your final answers to the nearest whole dollar amount.) Case #2 10,400 404,000 262,600 101,000 72,800 $ $ Case # 4 104,000 12,480 $ (10,400) 13 Case #3 6,240 312,000 131,200 Case #4 $ 604,000 422,800 21,200 $ 60% (4,000)

FINANCIAL ACCOUNTING
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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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 $ $ $ 104,000 $ $ Case #2 Case #1 33,280 8,320 $ 10 $ 7,200 20% Case #3 Case #2 504,000 $ 404,000 262,600 101,000 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.) 10,400 72,800 $ $ Case #4 104,000 12,480 $ (10,400) 13 6,240 312,000 Case #3 $ Case #4 604,000 422,800 131,200 21,200 $ (4,000) 60%
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 $ $ $ 104,000 $ $ Case #2 Case #1 33,280 8,320 $ 10 $ 7,200 20% Case #3 Case #2 504,000 $ 404,000 262,600 101,000 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.) 10,400 72,800 $ $ Case #4 104,000 12,480 $ (10,400) 13 6,240 312,000 Case #3 $ Case #4 604,000 422,800 131,200 21,200 $ (4,000) 60%
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