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 | $90,000 | $150,000 | ||
| Contribution margin | $45,000 | $40,000 | ||
| Fixed costs | $30,000 | |||
| Net income | $15,000 | $24,000 | ||
| Variable cost ratio | 0.40 | 0.60 | ||
| Contribution margin ratio | 0.25 | |||
| Break-even point (dollars) | $150,000 | |||
| Margin of safety (dollars) | $125,000 |
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