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 oth- ers. (Hint: One way to find the missing amounts would be to prepare a contribution format income state- ment 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: Contribution Margin Net Operating Income (Loss) Units Variable Fixed Sold Sales Expenses per Unit Expenses $50,000 $32,000 Case 2 $100,000 $8,000 $12,000 $100,000 $(10,000) $70,000 $13 4.... 6,000 $300,000 b. Assume that more than one product is being sold in each of the four following case situations: Average Contribution Margin Net Operating Variable Fixed Income Sales Expenses Ratio Expenses (Loss) $7,000 Case $500,000 $400,000 $260,000 20% 2 3. $100,000 60% $130,000 $%20,000 $(5,000)