Answer Happy

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 following four case situations: Case #1 Case #2 Case #3 Case #4 12,200 7,320 Unit sold Sales $ 366,000 Variable expenses 85.400 Fixed expenses 122,000 (12,200) Operating income (loss) $ 9,760 $ 10 $ 14,640 $ 13 Contribution margin per unit $ b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) Case #1 Case #2 Case #3 Case #4 $ Sales Variable expenses Fixed expenses Operating income (loss) Average contribution margin (percentage) $ 18,300 219,600 $ 146,400 61,000 $ $ 122,000 39,040 522,000 $ 8,100 20% 422,000 274,300 105,500 $ 622.000 435,400 136,600 26,600 $ (5,000) 60%