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Exercise 6-11 Missing Data; Basic CVP Concepts (L06-1, L06-9) Fill in the missing amounts in each of the eight case situations below. Each case is
Exercise 6-11 Missing Data; Basic CVP Concepts (L06-1, L06-9) 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: Case #1 Case #2 Case #3 10,000 Case #4 6,000 300,000 $ 100,000 $ Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 15,000 180,000 $ 120,000 50,000 70,000 32,000 100,000 $ (10,000) 8,000 $ 10 $ 12,000 $ 13 $
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