Exercise 5-11 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.)

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.)

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

Required A

	Case #1	Case #2	Case #3	Case #4
Unit sold	10,000		19,500	4,600
Sales	$280,000	$310,800		$138,000
Variable expenses	170,000		156,000
Fixed expenses	100,000	180,000		79,000
Net operating income (loss)		$(91,200)	$224,000	$(23,800)
Contribution margin per unit		$6	$16

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

Required B

	Case #1		Case #2		Case #3		Case #4
Sales	$457,000		$209,000				$295,000
Variable expenses			146,300				94,400
Fixed expenses			69,000		465,000
Net operating income (loss)	$89,080				$67,000		$(17,400)
Contribution margin ratio (percent)	44	%		%	76	%		%