Exercise 2-11 (Static) Missing Data; Basic CVP Concepts [LO2-1, LO2-9] 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: 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 #3 10,000 Case #4 6,000 $ 300,000 Case #1 Case #2 15,000 $ 180,000 $ 100,000 120,000 50,000 32,000 | $ 8,000 $ 10 Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 70,000 100.000 (10,000) $ $ $ 12,000 13 Required A Required B. Exercise 2-11 (Static) Missing Data; Basic CVP Concepts [LO2-1, LO2-9) 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: 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 #3 Case #1 500,000 $ Case #2 $ 400,000 260,000 100,000 Case #4 $ 600,000 420,000 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ $ 130,000 20,000 60% $ 7,000 20% (5,000)