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

a. ASsume that only one proauct is being sold in each ot the tour tolloWing case situations: Answer is not complete. Case #1 Case #2 Case #3 Case # 4 Unit sold Sales Variable expenses 9,200 1,330 19,800 4,100 $ 266,800 $ 372,400 495,000 $ 110,700 138,000 172,900 237,600 Fixed expenses Net operating income (loss) Contribution margin per 93,000 161,000 84,000 88,000 $ 35,800 38,500 $ (51,100) 173,400 14 15 13 $ 73,800 unit b. Assume that more than one product is being sold in each of the four following case situations: Answer is complete but not entirely correct. Case #4 Case #1 Case #2 Case #3 $ 693,000 297,000 200,000 Sales 457,000 110,880 95,040 Variable expenses 247,230 140,000 466,000 226,000 Fixed expenses Net operating income (loss) Contribution margin ratio |(percent) 53,000 164,520 (24,040) 116,120 7,000 45,520 S 1% 30% 84% 36%