Fill in the missing amounts in each of the eight case situations below. Each cas
ID: 2548004 • Letter: F
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.)
a.
Assume that more than one product is being sold in each of the four following case situations:
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.)
Explanation / Answer
Case #1 Case #2 Case #3 Case #4 Unit sold 8,200 13,200 19,800 5,100 Sales $ 2,37,800 3,30,000 4,75,200 1,37,700 Variable expenses 1,14,800 1,32,000 1,98,000 81,600 Fixed expenses 89,000 1,75,000 85,000 75,000 Net operating income (loss) 34,000 23,000 1,92,200 -18,900 Contribution margin per unit 15 15 14 11 Contribution (Sales - Variable cost) 1,23,000 1,98,000 2,77,200 56,100 Case #1 Case #2 Case #3 Case #4 Sales $ 4,52,000 1,94,000 6,92,000 2,91,000 Variable expenses 2,62,160 1,18,340 1,24,560 93,120 Fixed expenses 1,18,000 53,000 4,71,000 2,16,000 Net operating income (loss) 71,840 22,660 96,440 -18,120 Contribution margin ratio (percent) 42% 39% 82% 68% Contribution (Sales * Contribution margin ratio) 1,89,840 75,660 5,67,440 1,97,880
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