far ows what is correct and incorrect for the work you have completed so e work

Question

far ows what is correct and incorrect for the work you have completed so e work you have done so far is correct, you may not have completed everything. 10.00 points 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: Assume that only one product is being sold in each of the four following case situations: Answer is complete but not entirely correct. Case #1 Case #2 Case #3 Case #4 Unit sold Sales Variable expenses 8,700 13,000 ) 19,500 4,700 295,800 28.000 S 468,000S 159.800 468,000 159,800 113,100 30,000 273,000 94,000 9309 179,000 276,000 Fixed expenses Net operating income loss) Contribution margin per unit 89,700S (23,000) 113,000 (10.200) 12 $ 10 14 b. Assume that more than one product is being sold in each of the four following case situations: 2 3 5 6

Explanation / Answer

Calculate contribution margin per unit :

Contribution margin per unit = (sales-variable cost)/unit sold

= (295800-113100)/8700

Contribution margin per unit = 21 per unit

its 21 per unit not 62 or 61

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.