Fill in the missing amounts in each of the eight case situations below. Each case is...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the following four case situations Unit sold Sales Variable expenses Fixed expenses Operating Income (loss) Contribution margin per unit Case #1 19,500 Case #2 Case #3 Case #4 13,000 7,800 $ 234,000 $ 130,000 $ 390,000 156,000 91,000 65,000 41,600 130.000 S $ 10,400 $ 10 $ 15,600 $ 13 (13,000) b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent Round your final answers to the nearest whole dollar amount.) Operaung income (rss) Contribution margin per unit $ 10,400 10 $ 13,000 (13) 13 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) Case #1 Case #2 Case 03 Case #4 Sales s 530,000 $ 430,000 $ 630,000 Variable expenses 279,500 441,000 Fixed expenses 107,500 139,000 Operating income (loss) $ 8,500 $ 29,000 $ (5,000) Average contribution margin (percentage) 20% 60% Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the following four case situations Unit sold Sales Variable expenses Fixed expenses Operating Income (loss) Contribution margin per unit Case #1 19,500 Case #2 Case #3 Case #4 13,000 7,800 $ 234,000 $ 130,000 $ 390,000 156,000 91,000 65,000 41,600 130.000 S $ 10,400 $ 10 $ 15,600 $ 13 (13,000) b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent Round your final answers to the nearest whole dollar amount.) Operaung income (rss) Contribution margin per unit $ 10,400 10 $ 13,000 (13) 13 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) Case #1 Case #2 Case 03 Case #4 Sales s 530,000 $ 430,000 $ 630,000 Variable expenses 279,500 441,000 Fixed expenses 107,500 139,000 Operating income (loss) $ 8,500 $ 29,000 $ (5,000) Average contribution margin (percentage) 20% 60%
Expert Answer:
Posted Date:
Students also viewed these accounting questions

The National Health Statistics Reports dated Oct. 22, 2008, included the following information on the heights (in.) for nonHispanic white females: a. Calculate and interpret a confidence interval at...

a. We can see that the t distribution is a mixture of normals using the following argument: where T" is a t random variable with v degrees of freedom. Using the Fundamental Theorem of Calculus and...

Using facts in the chapter for Ganado Europe, assume the exchange rate on January 2, 2006, in Exhibit 11.4 dropped in value from $1.2000/ to $0.9000/ rather than to $1.0000/. Recalculate Ganado...

A combination of red light and blue light is incident on a flat piece of quartz (Fig. P24.26). The two colors refract at different angles. (a) Which refracted ray in Figure P24.26 is red, and which...

On December 31, 2017, before the books were closed, the management and accountants of Madrasa Inc. made the following determinations about three pieces of equipment. 1. Equipment A was purchased...

What is the shadow banking system and how does it function? What happened with the shadow banking system during the financial crisis of 20072009 and why did it become an important part of this...

7. (8 points) In the following VHDL process, if input A changes at time 20nS and no other inputs change after that time, at what time will all the output signals be guaranteed to have assumed their...

Canis Major Veterinary Supplies Inc. DuPont Analysis Ratios Value Correct/Incorrect Ratios Value Correct/Incorrect Profitability ratios Gross profit margin (%) 50.00 Correct Asset management ratio...

The entrance to Salt Lake City (elevation 3,075 ft at the point of crossing) is grade separated from interstate highway (elevation 3,050 ft at the point of crossing) and will have to be connected....

McKnight Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem...

A deep reinforced concrete member carries two members with factored loads as shown in Figure 2. Material properties: fy 400 MPa, f'e = 50 MPa. a) Sketch a feasible strut and tie model indicating the...

If triangles ABC and DFG are similar triangles and side DF = 218, what is the value of side DG?

1. A jar contains candycoated chocolates of different colors. 14 are red, 16 are blue, 13 are green, 17 are brown, 16 are yellow, and 17 are orange. If you were to pick a candy out of the jar at...

(a) Prove that form an orthonormal basis for R3 for the usual dot product. (b) Find the coordinates of v = (1, 1, 1)T relative to this basis. (c) Verify formula (5.5) in this particular case. 4865...

Explain why you agree or disagree with some of the suggestions in this chapter for improving project communications, such as creating a communications management plan, stakeholder analysis, or...

What items should a communications management plan address? How can a stakeholder analysis assist in preparing and implementing parts of this plan? LO.1

Think of examples in the media that poke fun at the communications skills of technical professionals, such as Dilbert or xkcd.com cartoons. How does this satire influence the industry and educational...
Study smarter with the SolutionInn App