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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 the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and ther 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 15,600 187,200 $ 124,800 52,000 $ $ Case #2 104,000 33,280 8,320 $ 10 $ Case #3 10,400 72,800 $ 12,480 $ 13 Case #4 6,240 312,000 104,000 (10,400) b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margir percent. Round your final answers to the nearest whole dollar amount.)

Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and ther 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 15,600 187,200 $ 124,800 52,000 $ $ Case #2 104,000 33,280 8,320 $ 10 $ Case #3 10,400 72,800 $ 12,480 $ 13 Case #4 6,240 312,000 104,000 (10,400) b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margir percent. Round your final answers to the nearest whole dollar amount.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 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 Sales Variable expenses Fixed expenses $ Operating income (loss) Average contribution margin (percentage) Case #1 15,600 187,200 $ 124,800 52,000 $ $ $ $ Case #2 104,000 Case #1 33,280 8,320 $ 10 $ 7,200 20% 504,000 $ Case #3 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" percent. Round your final answers to the nearest whole dollar amount.) Case #2 10,400 404,000 262,600 101,000 72,800 $ 12,480 $ 13 $ Case #4 6,240 312,000 Case #3 104,000 (10,400) 131,200 $ 21,200 $ 60% Case #4 604,000 422,800 (4,000)
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 Sales Variable expenses Fixed expenses $ Operating income (loss) Average contribution margin (percentage) Case #1 15,600 187,200 $ 124,800 52,000 $ $ $ $ Case #2 104,000 Case #1 33,280 8,320 $ 10 $ 7,200 20% 504,000 $ Case #3 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" percent. Round your final answers to the nearest whole dollar amount.) Case #2 10,400 404,000 262,600 101,000 72,800 $ 12,480 $ 13 $ Case #4 6,240 312,000 Case #3 104,000 (10,400) 131,200 $ 21,200 $ 60% Case #4 604,000 422,800 (4,000)
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