Question: Problem 8-10 Performing a Break-Even Analysis (L01 - CC1, 3; LO2- CC6, 12A) - EDITED Fill in the missing amounts in each of the following
Problem 8-10 Performing a Break-Even Analysis (L01 - CC1, 3; LO2- CC6, 12A) - EDITED Fill in the missing amounts in each of the following four case situations. Treat each case independently (Hint: One way to find the missing amounts would be to prepare a contribution margin income statement for each case, enter the known data, and then compute the missing items.) a. Assume that only one product is being sold in each of the following four case situations: (Negative amounts should be indicated by a minus sign. Enter your contribution margin answers as per unit dollar values. Enter your answers rounded to the nearest whole number.) Case Units Sold Sales Net Income (1.oss) 1 Fixed Expenses $ 55,000 23.000 14.000 Variable Contribution Expenses Margin 58 per unit $33 per unit 40% 70.000 14 $31 per unit $ 196,000 145,000 2 3 10,000 10.000 (11.000) 4 245.000 101.000
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