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 "O" wherever required.) Break-Even Sales Revenue 40,000 80,000 1. Sales Revenue Variable Expenses Total Contribution Margin 40,000 Fixed Expenses Net Income $ 30,000 $ S 2. 80,000 15,000 3. 40,000 80,000 4. 110,000 22,000 50,000 38,000

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