### Fill in the Missing Amounts in Each of the Eight Case SituationsEach 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 AAssume that only 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 ||------------------------|--------|---------|---------|---------|| **Units sold** | 8,600 | | 20,800 | 5,300 || **Sales** | $266,600 | $372,400 | | $159,000 || **Variable expenses** | $146,200 | | $249,600 | || **Contribution margin**| | | | || **Fixed expenses** | $82,000 | $162,000 | | $91,000 || **Net operating income (loss)** | | $77,400 | $105,200 | $(32,700) || **Contribution margin per unit** | $18 | | $9 | |This table involves calculating financial data for four different cases. You have to determine the missing numbers, such as units sold, sales, variable expenses, and other aspects by using the known data and relevant formulas, like calculating the contribution margin or net operating income. 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.---**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** | $458,000 | $207,000 | | $302,000 || **Variable expenses** | | $142,830 | | $93,620 || **Contribution margin** | | | | || **Fixed expenses** | | $69,000 | $467,000 | || **Net operating income (loss)** | $42,300 | | $89,950 | ($23,620) || **Contribution margin ratio (percent)** | 35% | | 79% | |This table outlines the sales, variable expenses, fixed expenses, and net operating income or loss for each of the four cases. You are required to fill in the missing numbers based on the information provided. Make sure to calculate the contribution margin and contribution margin percentages where needed.

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 only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Units sold Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Contribution margin per unit Case 1 8,600 $ 266,600 $ 372,400 146,200 82,000 Case 2 $ $ 162,000 77,400 $ 18 $ Case 3 20,800 249,600 $ 105,200 $ 9 Case 4 5,300 159,000 91,000 (32,700)

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 only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Units sold Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Contribution margin per unit Case 1 8,600 $ 266,600 $ 372,400 146,200 82,000 Case 2 $ $ 162,000 77,400 $ 18 $ Case 3 20,800 249,600 $ 105,200 $ 9 Case 4 5,300 159,000 91,000 (32,700)

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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Take me to the text a) Fill in the missing numbers in the inventory schedule using the weighted-average cost inventory valuation method. This company uses the perpetual inventory system. Do not enter dollar signs or commas in the input boxes.Round all answers to 2 decimal places. When calculating the unit cost, round to 2 decimal places as well. Inventory Schedule Purchases Sales Balance Transaction Description Quantity Amount Quantity Amount Quantity Amount Opening Balance 0 $ 0 #1 Purchase from AAA Co. 600 $6,600.00 Answer $Answer Answer $Answer #2 Sale to SSS Co. Answer $Answer Answer $Answer 300 $3,300.00 #3 Sale to TTT Co. Answer $Answer 150 $Answer Answer $Answer #4 Purchase from BBB Co. 70 $1,400.00 Answer $Answer Answer $Answer #5 Sale to UUU Co. Answer $Answer 30 $Answer Answer $Answer b) If the FIFO method had been used, what would the value of COGS been for the sale to UUU Co.? COGS = $Answer c) If the specific identification method had…
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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.) Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ Case 1 452,000 59,280 39 % Case 2 199,000 121,390 59,000 % Case 3 474,000 51,920 76 % $ Case 4 305,000 82,350 $ (10,350)
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May i know the correct answers for both of it
I don't understand the explanation of how you got the cost of goods sold under LIFO, could you please use the numbers used instead of using the cell numbers like B15 etc. I dont understand that because i don't use Excel. Please use the number that corresponds.
Chapter 1: Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell C18 enter the formula "= B6". After entering formulas in all of the cells that contained question marks, verify that the dollar amounts in both the traditional and contribution format income statements match the numbers in Exhibit 1-7. Check your worksheet by changing the variable selling cost in the Data area to $900, keeping all of the other data the same as in Exhibit 1-7. If your worksheet is operating properly, the net operating income under the traditional format income statement and under the contribution format income statement should now be $700 and the contribution margin should now be $4,700. If you do not get these answers, find the errors in your worksheet and correct them. Save your completed Applying Excel form to your computer and then upload it here by clicking “Browse.” Next, click…
Please see below. I need help making a made up purchase schedule of inventory. Please include parts listed below. Note that these can be made up one but they need to make sense.
H1. Account
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 only one product is being sold in each of the four following case situations: (Loss amounts should be indicat a minus sign.) Units sold Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Contribution margin per unit Required A Required B Sales Variable expenses Contribution margin $ Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ Case 1 8,000 216,000 $ 160,000 56,000 92,000 (36,000) $ 7 $ $ $ Case 2 Case 1 454,000 323,400 65.600 174,000 (12,300) $ 11 $ Assume that more than one product is being sold in each of…
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