Exercise 6-11 (Static) 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.

{I just wanna check if the highlighted part is correct, Thanks}

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 6-11 (Static) 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. 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 more than one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 Sales $ 500,000 $ 250,000 $ Variable expenses Contribution margin 400,000 $ 260,000 140, 000 100,000 400,000 100, 000 93,000 7,000 20% 100,000 150, 000 130,000 600,000 420,000 180, 000 185,000 (5,000) 30% Fixed expenses $ $ $ $ Net operating income (loss) Contribution margin ratio (percent) 40,000 35% 20,000 60%