Fill in the missing amounts in each of the four 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.). Note: Assume that only one product is being sold in each of the four following case situations: Case 1. 2 234 Units Sold 9,000 ? 20,000 5,000 Sales $270,000 $350,000 ? $160,000 Variable Expenses $162,000 ? $280,000 ? Contribution Margin per Unit ? $15 $6 ? Fixed Expenses $90,000 $170,000 ? $82,000 Net Operating Income (Loss) ? $40,000 $35,000 $(12,000)

Fill in the missing amounts in each of the four 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.). Note: Assume that only one product is being sold in each of the four following case situations: Case 1. 2 234 Units Sold 9,000 ? 20,000 5,000 Sales $270,000 $350,000 ? $160,000 Variable Expenses $162,000 ? $280,000 ? Contribution Margin per Unit ? $15 $6 ? Fixed Expenses $90,000 $170,000 ? $82,000 Net Operating Income (Loss) ? $40,000 $35,000 $(12,000)

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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