Hi could you explain how to calculate the missing values with the formula required and post the results. please dont provide solution in an image format thankyou Problem 8-10 Performing a Break-Even Analysis (LO1 - CC1, 3; LO2 - CC6, 12A) - EDITEDFill in the missing amounts in each of the following four case situations. Treat each case independently. (Hint: One way to find themissing amounts would be to prepare a contribution margin income statement for each case, enter the known data, and then computethe missing items.)a. Assume that only one product is being sold in each of the following four case situations: (Negative amounts should be indicated bya minus sign. Enter your contribution margin answers as per unit dollar values. Enter your answers rounded to the nearest wholenumber.)Case1234Units SoldSales13,000 $ 143,000142,50010,300260,000VariableExpenses$5 per unit$32 per unit61,800$34 per unitContributionMargin40%11FixedExpenses$ 51,00023,50098,000Net Income(Loss)12,000(8,000)

Contribution margin is the difference between the sales and variable expense while net income is the…

ill in the missing amounts in each of the following four case situations. Treat each case independently. (Hint: One way to find the hissing amounts would be to prepare a contribution margin income statement for each case, enter the known data, and then compute he missing items.) . Assume that only one product is being sold in each of the following four case situations: (Negative amounts should be indicated by minus sign. Enter your contribution margin answers as per unit dollar values. Enter your answers rounded to the nearest whole umber.) Case Units Sold 1 2 3 4 Sales 13,000 $ 143,000 142,500 10,300 260,000 Variable Expenses $5 per unit $32 per unit 61,800 $34 per unit Contribution Margin 40% 11 Fixed Expenses $ 51,000 23,500 98,000 Net Income (Loss) 12,000 (8,000)

ill in the missing amounts in each of the following four case situations. Treat each case independently. (Hint: One way to find the hissing amounts would be to prepare a contribution margin income statement for each case, enter the known data, and then compute he missing items.) . Assume that only one product is being sold in each of the following four case situations: (Negative amounts should be indicated by minus sign. Enter your contribution margin answers as per unit dollar values. Enter your answers rounded to the nearest whole umber.) Case Units Sold 1 2 3 4 Sales 13,000 $ 143,000 142,500 10,300 260,000 Variable Expenses $5 per unit $32 per unit 61,800 $34 per unit Contribution Margin 40% 11 Fixed Expenses $ 51,000 23,500 98,000 Net Income (Loss) 12,000 (8,000)

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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