Exercise $5-11($Static$)$ Missing Data; Basic CVP Concepts $[$LO$5-2,$ LO$5-9]$

Fill in the missing amounts in each of the eight cases 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 dats, and then compute the missing items.$)$

Required:

Assume that only one product is being sold in esch 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

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

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

Units sold $15,00010,0006,000$

Sales $$180,000$ $$100,000$ $$300,000$

Variable expenses $120,00070,000$

Fixed expenses $50,00032,000100,000$

Net operating income $($loss$)$ $$8,000$ $$12,000$ $$(10,000)$

Contribution margin per unit $$10$ $$13$

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 $$500,000$ $$400,000$ $$600,000$

Variable expenses $260,000420,000$

Fixed expenses $100,000130,000$

Net operating income $($loss$)$ $$7,000$ $$20,000$ $$(5,000)$

Contribution margin ratio $($percent$)20\%\%60\%\%$