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2-29 Basic Review Exercises

2-29 Basic Review Exercises
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Solution Guide / Answer Key:

ACCOUNTING

2-29 Basic Review Exercises
Fill in the blanks for each of the following independent cases:
(a) (b) (c) (d) (e)
Selling Variable Total Total Total (f)
Price Cost Units Contribution Fixed Net
Case per Unit per Unit Sold Margin Costs Income
1 $25 $— 120,000 $720,000 $640,000 $ —
2 10 6 100,000 — 320,000 —
3 20 15 — 100,000 — 15,000
4 30 20 70,000 — — 12,000
5 — 9 80,000 160,000 110,000 —

 

FILE: MS WORD

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