Exercise 6-11 Missing Data; Basic CVP Concepts (L06-1, LO6-9) 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: Exercise 6-18 Break-Even and Target Profit Analysis; Margin of Safety; CM Ratio (LO6-1, LO6-3, LO6-5, LO6-6, LO6-7 Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total Per Unit $ 30 12 Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 450,000 18e, eee 270,000 216, eee $ 54, eee $ 18 . Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $90,000? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If sales increase by $50,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase