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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 only one product is being sold in each of the four following case situations: (Loss amounts should be indicated by a minus sign.) Case #1 Case #2 Case #3 Case #4 Unit sold 9,500 19,300 4,500 148,500 Sales $ 304,000 $ 291,900 $ Variable expenses 231,600 180,500 82,000 Fixed expenses 76,000 $ 172,000 (19,100) $ 11 $ 113,000 $ Net operating income (loss) Contribution margin per unit (13,000) $ 10 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 by a minus sign.) Case #1 Case #2 Case #3 Case #4 Sales $ 443,000 $ $ 207,000 128,340 290,000 72,500 Variable expenses 51,000 Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ 76,490 $ 469,000 59,750 75 % $ (4,500) 43 % % %
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