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: Case #1 Case #2 Case #3 Case #4 Unit sold 8,400 20,100 4,500 Sales $ $ 390,000 $ 135,000 277,200 151,200 92,000 180,900 174,000 Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 74,000 (20,000) $ 112,000 $ 192,400 $ $ 22 $ 14 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 more than one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 Sales $ 456,000 $ 198,000 $ 299,000 Variable expenses 80,730 124,740 58,000 472,000 Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ 42,600 $ 79,420 $ (9,730) 35 % % 79 % %