FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 four following case situations: 

b. Assume that more than one product is being sold in each of the four following case situations:

Complete this question by entering your answers in the tabs belows

 
  • Required A
  • Required B

Assume that only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.)

 
 
 
 
  Case #1 Case #2 Case #3 Case #4
Unit sold 8,900   20,100 5,300
Sales $267,000 $319,000   $148,400
Variable expenses 124,600   221,100  
Fixed expenses 85,000 179,000   76,000
Net operating income (loss)   $(34,000) $176,300 $(12,400)
Contribution margin per unit   $10 $13  
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