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.) Complete this question by entering your answers in the tabs below. Required A Required B 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 9,900 20,500 5,200 Sales $ 336,600 $ 288,200 $ 135,200 Variable expenses 198,000 287,000 85,000 167,000 79,000 Fixed expenses Net operating income (loss) Contribution margin per unit $ (9,800) $ 54,500 $ (32,200) $ 12 $ 7 (Required A Required B > 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.) Complete this question by entering your answers in the tabs below. Required A 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 $ 459,000 $ 191,000 $ 295,000 88,500 Variable expenses Fixed expenses 116,510 54,000 474,000 $ 76,780 $ 95,900 $ (20,500) Net operating income (loss) Contribution margin ratio (percent) 42% % 82% %