Question

Fill in the missing amounts in each of the eight 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.) Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations (For all requirements, Loss amounts should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Required A Required B Assume that only one product is being sold in each of the four following case situations: Case #2 Case #3 20,700 Case #4 4,700 155,100 $ Case #1 8,100 243,000 162,000 82,000 $ 298,200 $ Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 248,400 162,000 (34,200) 9 72,000 (1,500) $ $ $ $ $ 182,100 13 Required A Required B Assume that more than one product is being sold in each of the four following case situations: Case #3 Case #1 444,000 $ $ Case #2 205,000 140,080 $ Case #4 309,000 86,520 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ 467,000 61,200 76 % $ 87,800 45 % 7,520) % %

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Answer 1

Requirement: a Units sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit Case 1 8100 243000 162000 82000 -1000 10 Case 2 14200 298200 170400 162000 L -34200 Case 3 20700 517500 248400 87000 182100 13 Case 4 47001 1551001 84600 720001 - 1500 151 Requirement: b Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (Percent) Case 1 Case 2 Case 3 444000206000 695000 244200 140080 166800 112000 55000 467000 87800 1092061200 45% 76% Case 4 309000 86520 230000 -7520 72% 32%