Sales Variable Total Fixed Net Break-Even Revenue Expenses Contribution Margin Expenses Income Sales Revenue 1. ? $40,000 ? $30,000 ? $40,000 2. $ 80,000 ? $15,000 ? ? 80,000 3. 40,000 80,000 ? $50,000 ? 4. 110,000 22,000 ? 38,000 ?

Sales Variable Total Fixed Net Break-Even Revenue Expenses Contribution Margin Expenses Income Sales Revenue 1. ? $40,000 ? $30,000 ? $40,000 2. $ 80,000 ? $15,000 ? ? 80,000 3. 40,000 80,000 ? $50,000 ? 4. 110,000 22,000 ? 38,000 ?

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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Question

Fill in the missing data for each of the following independent cases. (Ignore income taxes.)

Sales
Variable
Total
Fixed
Net
Break-Even
Revenue
Expenses
Contribution Margin
Expenses
Income
Sales Revenue
1.
?
$40,000
?
$30,000
?
$40,000
2.
$ 80,000
?
$15,000
?
?
80,000
3.
40,000
80,000
?
$50,000
?
4.
110,000
22,000
?
38,000
?

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