Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Fill in the blanks for each of the following independent cases.
(For entries with a​ $0 balance, make sure to enter​ "0" in the appropriate cell. Round the contribution margin percentage to the nearest whole​ percent.)
Case Revenues Variable Costs Fixed Costs total Costs Operating Income Contribution Margin Percentage
a. $600 $800 $1,600
b. $2,500 $200 $900
c. $500 $300 $500
d. $1,200 $200 25 %

Sagot :

  • The correct form to fill the blanks of the following independent cases is:

Case    Revenues variable    Fixed   Total  operating   contribution

                              cost         cost     cost income margin      Contribution

a             2400       600           200     800     1600            75%        1800

b             2500      1400           200    1600    900              44%       1100

c            500           300              200   500       0               40%        200

d            1200          900              200    1100   100              25%          300

The below formulas should be used:

  • Contribution = Revenues - variable cost.
  • Contribution margin = contribution ÷ revenue.
  • Operating income = Revenue - total cost
  • Total cost = fixed cost + variable cost
View image andromache
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.