Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. 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
1. Assume that only one product is being sold in each of the four following case situations Input all amounts as positive values except for Net operating loss which should be indicated by a minus sign. Omit the "$" sign in your response.
Case Units Sales Variable Contribution Fixed Net Operating
Sold Expenses Margin Expenses Income
Per Unit Loss
1 15,000 $180,000 $120,000 $4 $50,000 $
2 4,000 $100,000 $60,000 $10 $32,000 $8,000
3 10,000 $ $70,000 $13 $ $12,000
4 $6,000 $300,000 $210,000 $15 $100,00 $(10,000)
1A. Assume that more than one product is being sold in each of the four following case situations: Input all amounts as positive values except for Net operating loss which should be indicated by a minus sign. Omit the "$" sign in your response.
Case Sales Variable Average Fixed Net Operating
Expenses Contribution Expenses income (Loss)
Margin Ratio
1 $500,000 $ 20% $ $7,000
2 $400,000 $260,000 35% $100,000 $40,000
3 $ $ 60% $130,000 $20,000
4 $600,000 $420,000 % $ $(5,000)