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)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question No. 9: CVP - Missing Figures
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:
2.
3..
4
Units
Sold
▶ Options
9,000
?
20,000
5,000
Sales
$270,000
$350,000
?
$160,000
Variable
Expenses
$162,000
2
$280.000
?
Contribution
Margin
per Unit
?
$15
$6
2
Fixed
Expenses
$90,000
$170,000
?
$82,000
Net
Operating
Income
(Loss)
?
$40,000
$35,000
$(12,000)
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