Missing Data; Basic CVP Concepts LO5–1, LO5–9 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.)

a. Assume that only one product is being sold in each of the four following case situations:

Case Units Sold Sales Variable Expenses Contribution Margin per Unit Fixed Expenses Net Operating Income

(Loss)

1 ��������������������� 15,000 $180,000 $120,000 ? $50,000 ?

2 ��������������������� ? $100,000 ? $10 $32,000 $8,000 3 ��������������������� 10,000 ? $70,000 $13 ? $12,000 4 ��������������������� 6,000 $300,000 ? ? $100,000 $(10,000)

b. Assume that more than one product is being sold in each of the four following case situations:

Case Sales Variable Expenses Average Contribution Margin Ratio Fixed Expenses Net Operating Income

(Loss)

1 ���������������������������������������� $500,000 ? 20% ? $7,000 2 ���������������������������������������� $400,000 $260,000 ? $100,000 ?

3 ���������������������������������������� ? ? 60% $130,000 $20,000 4 ���������������������������������������� $600,000 $420,000 ? ? $(5,000)