Question: Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Fill in the missing data for each of the following independent cases. (Ignore

Exercise 7-23 Fill in Blanks; Basic CVP Relationships (LO 7-1, 7-2) Fill in the missing data for each of the following independent cases. (Ignore income taxes.) (Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required.) Sales Revenue Variable Expenses Total Contribution Margin Fixed Expenses 1. $ 88,000 66,000 2. 175,000 38,000 3. 160,068 240,000 4. 50,000 14,000 Net Income 180,000 19,800 Break-Even Sales Revenue $ 88,000 175,000

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