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.) 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 Sold Sales Variable Expenses Contribution Margin Per Unit Fixed Expenses Net Operating Income 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)

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 Expenses Average Contribution Margin Ratio Fixed Expenses Net Operating income (Loss)
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)

Missing Amounts

Case Units Sold   Sales  Variable   Contribution     Fixed       Net Operating

                                        Expenses    Margin Per   Expenses   Income/Loss        

                                                                 Unit

1          15,000 $180,000   $120,000        $4           $50,000        $_10,000_

2          4,000 $100,000     $60,000       $10          $32,000         $8,000

3        10,000 $_200,000_$70,000        $13          $_118,000_    $12,000

4       $6,000 $300,000   $210,000        $15          $100,00         $(10,000)

2.

Case    Sales    Variable   Average Contribution    Fixed       Net Operating

                      Expenses       Margin Ratio           Expenses     Income/Loss

1     $500,000 $_400,000_           20%            $_93,000__       $7,000

2    $400,000 $260,000               35%              $100,000        $40,000

3    $_250,000_  _100,000_        60%              $130,000        $20,000

4   $600,000 $420,000           __30__%         $185,000_        $(5,000)        

Explanation:

Income Statement

                                      Case 1      Case 2        Case 3         Case 4

Units Sold                     15,000        4,000         10,000           6,000

Sales                        $180,000  $100,000   $200,000     $300,000

Variable Expenses    120,000     60,000         70,000       210,000

Contribution             $60,000   $40,000     $130,000      $90,000

Contribution per

unit                                 $4             $10               $13              $15

Fixed Expenses        50,000     32,000          118,000       100,000

Net operating

Income / Loss        $10,000     $8,000         $12,000      $(10,000)

2. Income Statement

                                      Case 1      Case 2        Case 3         Case 4

Sales                        $500,000  $400,000   $250,000     $600,000

Variable Expenses    400,000    260,000      100,000        420,000

Contribution            $100,000   $140,000    $150,000      $180,000

Average Contribution

Margin Ratio                20%          35%            60%             30%

Fixed Expenses         93,000     100,000       130,000        185,000

Net operating

Income / Loss          $7,000     $40,000      $20,000        $(5,000)

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