Question: Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in each independent case. Case 1 Case 2 Case 3
Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in each independent case.
| Case 1 | Case 2 | Case 3 | Case 4 | |
|---|---|---|---|---|
| Sales revenue | $100,000 | $80,000 | $Answer | $Answer |
| Contribution margin | $40,000} | $Answer | $30,000 | $Answer |
| Fixed Costs | $27,000 | $Answer | $Answer | $Answer |
| Net income | $Answer | $4,000 | $6,000 | $Answer |
| Variable cost ratio | Answer | 0.50 | Answer | 0.20 |
| Contribution margin ratio | Answer | Answer | 0.40 | Answer |
| Break-even point (dollars) | $Answer | $Answer | $Answer | $30,000 |
| Margin of safety (dollars) | $Answer | $Answer | $Answer | $30,000 |
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