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 BAssume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicatedby a minus sign.)Units soldSalesVariable expensesFixed expensesNet operating income (loss)Contribution margin per unit$Case 1Case 29,400300,800 $ 406,000131,60096,000$$174,000116,000 $20 $Case 319,200172,800213,00015Case 44,000$ 108,000$72,000(36,000) Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others.Required:a. Assume that only one product is being sold in each of the four following case situations:b. Assume that more than one product is being sold in each of the four following case situations:Complete this question by entering your answers in the tabs below.Required A Required BAssume that more than one product is being sold in each of the four following case situations: (Loss amounts should be indicatminus sign.)SalesVariable expensesFixed expensesNet operating income (loss)Contribution margin ratio (percent)$$Case 1444,00048,84036 %$Case 2192,000119,04061,000%$Case 3469,000113,20082 %$$Case 4301,00081,2703,730%

The net operating income and contribution margin per unit have been computed below:The formulas used…

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 indicat minus sign.) Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ Case 1 444,000 48,840 36 % $ Case 2 192,000 119,040 61,000 % $ Case 3 469,000 113,200 82 % $ $ Case 4 301,000 81,270 3,730 %

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 indicat minus sign.) Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ Case 1 444,000 48,840 36 % $ Case 2 192,000 119,040 61,000 % $ Case 3 469,000 113,200 82 % $ $ Case 4 301,000 81,270 3,730 %

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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! Required information [The following information applies to the questions displayed below.] O'Brien Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ 27 $15 $5 $ 2 $ 540,000 $ 190,000 During its first year of operations, O'Brien produced 94,000 units and sold 78,000 units. During its second year of operations, it produced 80,000 units and sold 91,000 units. In its third year, O'Brien produced 82,000 units and sold 77,000 units. The selling price of the company's product is $75 per unit. 2. Assume the company uses variable costing and a LIFO inventory flow assumption (LIFO means last-in first-out. In other words, it assumes that the newest units in inventory are sold…
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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…
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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.
May i know the correct answers here.
H1. Account
FOLLOW INSTRUCTIONS AND ANSWER TYPEWRITTEN AND COMPLETELY FOR UPVOTE
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