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.) a. Assume that only one product is being sold in each of the four following case situations: Net Operating Income (Loss) Contribution Units Margin per Unit Variable Fixed Case Sold Sales Expenses Expenses 1........ 15,000 $180,000 $100,000 $120,000 ? $10 $13 $50,000 $32,000 2....... $8,000 $70,000 $12,000 $(10,000) 3 10,000 4 6,000 $300,000 $100,000 b. Assume that more than one product is being sold in each of the four following case situations:
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.) a. Assume that only one product is being sold in each of the four following case situations: Net Operating Income (Loss) Contribution Units Margin per Unit Variable Fixed Case Sold Sales Expenses Expenses 1........ 15,000 $180,000 $100,000 $120,000 ? $10 $13 $50,000 $32,000 2....... $8,000 $70,000 $12,000 $(10,000) 3 10,000 4 6,000 $300,000 $100,000 b. Assume that more than one product is being sold in each of the four following case situations:
Financial & Managerial Accounting
13th Edition
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter27: Lean Principles, Lean Accounting, And Activity Analysis
Section: Chapter Questions
Problem 27.18EX
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