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Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to
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 Case #2 16,200 194,400 $ 108,000 129,600 54,000 $ $ 34,560 8,640 $ 10 $ Case #3 10,800 75,600 12,960 13 Case #4 6,480 $ 324,000 $ 108,000 (10,800) 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.) Sales Variable expenses Fixed expenses Operating income (loss) Average contribution margin (percentage) $ $ Case #1 Case #2 508,000 $ 408,000 265,200 102,000 7,400 20% $ Case #3 Case #4 $ 608,000 425,600 132,400 22,400 $ (4,200) 60%
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Formula used here a Net operating income Sales variable expenses Contribution Sales Variable expenses Contribution margin per unit Contribution Units ...Get Instant Access to Expert-Tailored Solutions
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