Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. 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 below. Required A Required B Assume that more than 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 Sales $ 459,000 $ 194,000 2$ 304,000 Variable expenses 124,160 79,040 Fixed expenses 56,000 475,000 Net operating income (loss) $ 72,600 52,440 $ (1,040) Contribution margin ratio (percent) 40 % 76 % % < Required A Required B

Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. 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 below. Required A Required B Assume that more than 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 Sales $ 459,000 $ 194,000 2$ 304,000 Variable expenses 124,160 79,040 Fixed expenses 56,000 475,000 Net operating income (loss) $ 72,600 52,440 $ (1,040) Contribution margin ratio (percent) 40 % 76 % % < Required A Required B

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter3: Setting Up A New Company

Section: Chapter Questions

Problem 1.3C

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