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)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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

Transcribed Image Text:Problem 8-10 Performing a Break-Even Analysis (LO1 - CC1, 3; LO2 - CC6, 12A) - EDITED
Fill in the missing amounts in each of the following four case situations. Treat each case independently. (Hint: One way to find the
missing amounts would be to prepare a contribution margin income statement for each case, enter the known data, and then compute
the missing items.)
a. Assume that only one product is being sold in each of the following four case situations: (Negative amounts should be indicated by
a minus sign. Enter your contribution margin answers as per unit dollar values. Enter your answers rounded to the nearest whole
number.)
Case
1
2
3
4
Units Sold
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)
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