Fill in the missing amounts in each of the eight cases 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 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: Case 1 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratin (percent) $ $ 442,000 75,060 43 % $ Case 2 198,000 132,660 68,000 $ Case 3 470,000 82,210 70 $ $ Case 4 304,000 94,240 (19,240)

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Fill in the missing amounts in each of the eight cases 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 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:
Sales
Variable expenses
Fixed expenses
Net operating income (loss)
Contribution margin ratio (percent)
$
$
Case 1
442,000
75,060
43 %
$
Case 2
198,000
132,660
68,000
%
$
Case 3
470,000
82,210
79 %
$
Case 4
304,000
94,240
$ (19,240)
%
Transcribed Image Text:Fill in the missing amounts in each of the eight cases 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 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: Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ Case 1 442,000 75,060 43 % $ Case 2 198,000 132,660 68,000 % $ Case 3 470,000 82,210 79 % $ Case 4 304,000 94,240 $ (19,240) %
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