Question: 1. value: 33.33 points Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint:

1. value: 33.33 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 a. Assume that only one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 8,300 20,800 4,800 Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit S 273,900 S 384,800 S 120,000 116,200 270,400 99,000 163,000 75,000 S 59,000 S 159,600 S (27,000) 15 S 12 b. Assume that more than one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 Sales Variable expenses Fixed expenses Net operating income (loss) S 450,000 S 205,000 137,350 66,000 S 308,000 83,160 465,000 S 71,000 S 120,480 S (3,160) verage contribution margin ratio (percent) 42% 84%
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