Exercise 5-11 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. (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.) 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: Unit sold Sales $ Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit Case 1 Case #2 Case #3 Case #14 15,000 10,000 6,000 180,000 $ 100,000 $ 300,000 120,000 70,000 50,000 32,000 100,000 $ 8,000 $ 12,000 $ (10,000) $ 10 $ 13 Hered Required B > Exercise 5-11 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. (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.) 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: Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) Case #1 Case #2 $ 500,000 $ 400.000 260,000 100.000 $ 7,000 20% Case #3 Case #4 $ 600,000 420,000 130,000 $ 20,000 $ (5,000) 60%