Question: Connect - Class: AC. New Tab ment #2 Save Help Sa Fill in the missing amounts in each of the following eight case situations. Treat
Connect - Class: AC. New Tab ment #2 Save Help Sa Fill in the missing amounts in each of the following eight case situations. Treat each case independently. (Hint One way to find the missing amounts would be to prepare a contribution margin income statement for each case, enter the known data, and then compu the missing items) 6. Assume that only one product is being sold in each of the following four case situations (Negative amounts should be indicated o minus sign. Enter your contribution margin answers as per unit doller values. Enter your answers rounded to the nearest whole number.) Case Units Sold Sales Net Income (L055) 1 2 3 Fixed Expenses $ 46.000 25,500 Variable Contribution Expenses Margin S7 per unit $28 per unit 40% 78.000 16 S36 per unit 16 000 $ 208.000 132.500 9 800 336.000 13 000 112.000) 1 95.000 b. Assume that more than one product is being sold in each of the following four case situation (Negative amounts should be indicated hinten b. Assume that more than one product is being sold in each of the following four case situations; (Negative amounts should b indicated by a minus sign.) Fixed Expenses Net Income (Loss) Sales Variable Expenses Average Contribution Margin (percentage) 20 $ 9.000 1 $ 500.000 380.000 266 000 74000 136.000 2 70 18.000 (3.000) 3 4 590.000 442 500
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