Q2: 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.) Case Units Sales Variable Sold Contribution Expenses Margin per Unit Fixed Net Expenses Operating Income A 20,000 $300,000 $220,000 ? $45,000 ? B 12,000 ? $120,000 $15 ? $18,000 Case Sales Variable Average Fixed Net Operating Expenses Contribution Expenses Income Margin Ratio с D $900,000 ? 40% ? $125,000 ? ? 45% $120,000 $37,500 Required: 1. Cases A and B assume that only one product is being sold. 2. Cases C and D assume that more than one product is being sold.
Q2: 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.) Case Units Sales Variable Sold Contribution Expenses Margin per Unit Fixed Net Expenses Operating Income A 20,000 $300,000 $220,000 ? $45,000 ? B 12,000 ? $120,000 $15 ? $18,000 Case Sales Variable Average Fixed Net Operating Expenses Contribution Expenses Income Margin Ratio с D $900,000 ? 40% ? $125,000 ? ? 45% $120,000 $37,500 Required: 1. Cases A and B assume that only one product is being sold. 2. Cases C and D assume that more than one product is being sold.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Q2:
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.)
Case Units Sales
Variable
Sold
Contribution
Expenses Margin per
Unit
Fixed
Net
Expenses Operating
Income
A
20,000 $300,000 $220,000 ?
$45,000
?
B
12,000 ?
$120,000 $15
?
$18,000
Case Sales
Variable Average
Fixed
Net Operating
Expenses
Contribution
Expenses
Income
Margin Ratio
с
D
$900,000
?
40%
?
$125,000
?
?
45%
$120,000
$37,500
Required:
1. Cases A and B assume that only one product is being sold.
2. Cases C and D assume that more than one product is being sold.
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