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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!