Question: Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in each independent case. Note: Round variable cost and contribution
Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in each independent case. Note: Round variable cost and contribution margin ratio to two decimal places, if applicable. Note: Round/enter all other answers to the nearest whole number. Case 1 Case 2 Case 3 Case 4 Sales revenue $120,000 $80,000 $ 0$ Contribution margin $60,000 $ 0 $20,000 $ Fixed costs $30,000 $ 0$ 0$ 20,000 $5,000 $10,000 $ Variable cost ratio 0.50 0.20 Contribution margin ratio Break-even point (dollars) $ $25,000 Margin of safety (dollars) $20,000 0 0 Net income $ 0 0 0 0 0 0.40 0 0$ 05 0 05 0$ 0
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