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 $90,000 $Answer

$Answer

Contribution margin $40,000} $Answer

$20,000 $Answer

Fixed Costs $24,000 $Answer

$Answer

$Answer

Net income $Answer

$7,000 $9,000 $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

$20,000
Margin of safety (dollars) $Answer

$Answer

$Answer

$30,000

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