Exercise 6-11 Missing Data; Basic CVP Concepts [LO6-1, LO6-9]

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:

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	8,700		20,900	4,600
Sales	$287,100	$371,800		$156,400
Variable expenses	130,500		209,000
Fixed expenses	80,000	161,000		90,000
Net operating income (loss)		$39,200	$124,000	$(21,000)
Contribution margin per unit		$14	$10

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	$449,000		$206,000				$307,000
Variable expenses			125,660				107,450
Fixed expenses			56,000		469,000
Net operating income (loss)	$52,620				$102,540		$(26,450)
Contribution margin ratio (percent)	38	%		%	82	%		%