Fill in the missing amounts in each of the following four case situations. Treat each case independently. (Hint: One way to find the missing amounts would be to prepare a contribution margin 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 following four case situations: (Negative amounts should be indicated by a minus sign. Enter your contribution margin answers as per unit dollar values. Enter your answers rounded to the nearest whole number.) Case Units Sold 1 2 3 4 Sales 16,000 $ 224,000 117,500 9,700 336,000 Variable Expenses $6 per unit $22 per unit 58,200 $36 per unit Contribution Fixed Margin Expenses 40% 16 $ 49,000 28,500 95,000 Net Income (Loss) 14,000 (11,000)
Fill in the missing amounts in each of the following four case situations. Treat each case independently. (Hint: One way to find the missing amounts would be to prepare a contribution margin 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 following four case situations: (Negative amounts should be indicated by a minus sign. Enter your contribution margin answers as per unit dollar values. Enter your answers rounded to the nearest whole number.) Case Units Sold 1 2 3 4 Sales 16,000 $ 224,000 117,500 9,700 336,000 Variable Expenses $6 per unit $22 per unit 58,200 $36 per unit Contribution Fixed Margin Expenses 40% 16 $ 49,000 28,500 95,000 Net Income (Loss) 14,000 (11,000)
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter8: Tactical Decision-making And Relevant Analysis
Section: Chapter Questions
Problem 14MCQ
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