Question

Profit Class Question 2 Find the missing figures for each of the independent cases shown below. (Hint: reconstruct income statement for each scenario) Variable Contribution produit costs/ Units sold margin (total) Fixed costs 10,000 150,000 120,000 30 25 25,000 10 8 2,500 75 500 15,000 8,500 0 (500) 25 1,000 7,500 (2,500) (Round this answer to two decimal places) Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER

Answer 1

Selling Price/Unit	Variable Costs/Unit	Unit Sold	Contribution Margin (Totals)	Fixed Cost	Profit (Loss)
85	(a) 70	10,000	150,000	120,000	(b)30,000
30	25	(c)5,000	25,000	25,000(d)	0
10	8	(e)1,000	2,000 (f)	2,500	(500)
(g)78	75	5,000	15,000	8,500	(h)6,500
25	(i)20	1,000	(j)5,000	7,500	2,500

Explanation;

(Selling Price Per Unit -Variable Cost Per Unit) ×Unit Sold = Contribution Margin

Contribution Margin - Fixed Cost = Profit (Loss)

a) 150,000/10,000 = 15 : 85 -15 = 70

b) 150,000 -120,000 =30,000

c) 30 -25 = 5 , 25,000/ 5 = 5,000

d) 25,000

e) 2,000/ 2 = 1,000

f) 2,500 -500 = 2,000

g) 15,000/5000 = 3 : 75 + 3 = 78

h) 15,000 -8,500 = 6,500

i) 5,000/1,000 =5 , 25 -5 = 20

j) 7,500 -2,500 = 5,000