For each of the six independent situations below, compute the Missing amounts.
a. Using contribution margin per unit:
| Sales | Variable Costs | Contribution Margin per Unit | Fixed Costs | Operating Income | Units Sold |
(1) | $____ | $120,000 | $20 | $_____ | $25,000 | 4,000 |
(2) | 180.000 | _____ | ______ | 45,000 | 30,000 | 5,000 |
(3) | 600,000 | ______ | 30 | 150,000 | 90,000 |
|
b. Using the contribution margin ratio:
| Sales | Variable Costs | Contribution Margin Ratio | Fixed Costs | Operating Income |
(1) | $900,000 | $720,000 | __% | $______ | $95,000 |
(2) | 600,000 | ______ | 40% | ______ | 75,000 |
(3) | ______ | ______ | 30% | 90,000 | 60,000 |
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