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mework A Seved 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.
mework A Seved 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 #3 Case #4 Sales 459,000 Case #2 206,000 140,080 60,000 309,000 92,700 Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ 474,000 121,000 85 % 79,370 43 % $ (16,700) %
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