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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: Assume that only one product is being sold in each of the four following case situations: a. Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case #1 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) 8,600 232,200 $ 120,400 88,000 $ $ Case #1 Case #2 444,000 $ 44,840 36% 429,200 178,000 118,000 $ 20 $ Case #2 Case #3 192,000 119,040 60,000 21,000 210,000 b. Assume that more than one product is being sold in each of the four following case situations: S 209,000 $ 14 Case #3 Case #4 466,000 4,400 149,600 76,080 $ 77% 89,000 (14,200) Case #4 308,000 80,080 1.920

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: Assume that only one product is being sold in each of the four following case situations: a. Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case #1 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) 8,600 232,200 $ 120,400 88,000 $ $ Case #1 Case #2 444,000 $ 44,840 36% 429,200 178,000 118,000 $ 20 $ Case #2 Case #3 192,000 119,040 60,000 21,000 210,000 b. Assume that more than one product is being sold in each of the four following case situations: S 209,000 $ 14 Case #3 Case #4 466,000 4,400 149,600 76,080 $ 77% 89,000 (14,200) Case #4 308,000 80,080 1.920

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 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: Assume that only one product is being sold in each of the four following case situations: a. Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case #1 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) 8,600 232,200 $ 120,400 88,000 $ $ $ Case #1 Case #2 444,000 $ 44,840 36% 429,200 178,000 118,000 $ 20 $ Case #2 Case #3 192,000 119,040 60,000 b. Assume that more than one product is being sold in each of the four following case situations: 21,000 $ 210,000 S 209,000 $ 14 Case #3 466,000 Case #4 the S 76,080 S 77% 4,400 149,600 89,000 (14,200) Case #4 308,000 80,080 1,920
Transcribed Image Text:Fill in the missing amounts in each of the eight case situations below. Each case is independent 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: Assume that only one product is being sold in each of the four following case situations: a. Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit $ Case #1 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) 8,600 232,200 $ 120,400 88,000 $ $ $ Case #1 Case #2 444,000 $ 44,840 36% 429,200 178,000 118,000 $ 20 $ Case #2 Case #3 192,000 119,040 60,000 b. Assume that more than one product is being sold in each of the four following case situations: 21,000 $ 210,000 S 209,000 $ 14 Case #3 466,000 Case #4 the S 76,080 S 77% 4,400 149,600 89,000 (14,200) Case #4 308,000 80,080 1,920
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