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Exercise 5-11 (Algo) Missing Data; Basic CVP Concepts [LO5-1, LO5-9] Fill in the missing amounts in each of the eight case situations below. Each case
Exercise 5-11 (Algo) Missing Data; Basic CVP Concepts [LO5-1, LO5-9] Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. Required: a. Assume that only one product is being sold in each of the four following case situations: b. Assume that more than one product is being sold in each of the four following case situations: Complete this question by entering your answers in the tabs below. Required A Required B Assume that more than one product is being sold in each of the four following case situations: (Loss amounts should be indicated E minus sign.) Case #1 Case #2 Case #3 Case #4 Sales $ 447,000 $ 204,000 $ 299,000 Variable expenses 254,790 124,440 86,710 Fixed expenses 111,000 56,000 471,000 Net operating income (loss) $ 81,210 $ 87,900 $ (18,710) Contribution margin ratio (percent) 43 % % 81 % %
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