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 Case #1 Case #2 Case #3 Case #4 Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 9,500 20,200 5,200 S 294,500 408,800 S 145,600 161,500 181,800 94,000 160,000 87,000 59,000 215,000 S (35,000) 15 S 15 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 Variable expenses Fixed expenses Net operating income (loss) Contribution margin ratio (percent) $ 452,000 S202,000 129,280 69,000 S 298,000 92,380 466,000 66,280 39% s 123,050 (29,380) 85%