EXERCISE 5-11 Missing Data: Basic CVP Concepts LC5-1, L05-9 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: a. Units Sold Contribution Margin Case Variable Expenses Net Operating Income (Loss) Sales Fixed Expenses per Unit 1 2 3 4 15,000 ? 10,000 6,000 $180,000 $100,000 ? $300,000 $120,000 ? $70,000 ? ? $10 $13 ? $50,000 $32,000 ? $100,000 ? $8,000 $12.000 $(10,000) b. Assume that more than one product is being sold in each of the four following case situations: Average Contribution Margin Ratio Net Operating Income (Loss) Case 1. 2. 3 4 Sales $500,000 $400,000 ? $600,000 Variable Expenses ? $260,000 ? $420,000 20% ? 60% ? Fixed Expenses ? $100,000 $130,000 ? $7,000 ? $20,000 $(5,000) EXERCISE 5-12 Multiproduct Break-Even Analysis LC5-9 Olongapo Sports Corporation distributes two premium golf balls--Flight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow