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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
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: (For all requirements, Loss amounts should be indicated by a minus sign.) 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: Case #1 Case #2 9,900 $ 277,200 $ 314,400 Case #3 19,700 Case #4 5,200 Unit sold $ 171,600 148,500 177,300 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 90.000 179.000 78,000 (10,400) $ $ $ 4,400 14 176, 100 13 $ $ Required A Required B Assume that more than one product is being sold in each of the four following case situations: Case #3 Case #1 455,000 $ $ $ Case #2 196,000 127,400 59,000 Case #4 304,000 97,280 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ 87.750 $ 474,000 108,200 82 % $ (22,280) 45 % % %
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