Exercise $5-11($Algo$)$ Missing Data; Basic CVP Concepts $[$LO$5-1,$ LO$5-9]$

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:Assume that only one product is being sold in each of the four following case situations: $($Loss amounts should be indicated by a minus sign.$)$

Case $1$ Case $2$ Case $3$ Case $4$

Units sold $10,00020,6005,500$

Sales $$270,000$ $$383,400$ $$148,500$

Variable expenses $160,000267,800$

Fixed expenses $81,000171,00091,000$

Net operating income $($loss$)$ $$29,000$ $$84,600$ $$49,200$ $$(47,000)$

Contribution margin per unit $$11$ $$18$ $$7$