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Exercise 6-11 Missing Data; Basic CVP Concepts [LO6-1, LO6-9] Fill in the missing amounts in each of the eight case situations below. Each case is
Exercise 6-11 Missing Data; Basic CVP Concepts [LO6-1, 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: (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: Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit Case #1 Case #2 Case #3 Case #4 9,700 19,900 4,400 $ 261,900 $ 342,500 $ 154,000 174,600 179,100 91,000 163,000 74,000 42,500 $ 208,500 $ (3,600) $ 15 $ 15 Required A Required B Assume that more than one product is being sold in each of the four following case situations: Case #3 Case #1 440,000 $ $ $ Case #2 210,000 134,400 63,000 Case #4 297,000 98,010 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) 466,000 101,000 81 % 44,400 36 % (24,010) % %
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