Exercise 6-14 Missing Data; Basic CVP Concepts [LO1, LO9]

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.)

1	Assume that only one product is being sold in each of the four following case situations: (Input all amounts as positive values except for Net operating loss which should be indicated by a minus sign. Omit the "$" sign in your response.)

Case	Units Sold	Sales	Variable Expenses	Contribution Margin per Unit	Fixed Expenses	Net Operating Income (Loss)
1	15,000	$180,000	$120,000	$4	$50,000	$
2	4,000	$100,000	$ 60,000	$10	$32,000	$8,000
3	10,000	$	$70,000	$13	$	$12,000
4	6,000	$300,000	$ 210,000	$15	$100,000	$(10,000)

1A	Assume that more than one product is being sold in each of the four following case situations: (Input all amounts as positive values except for Net operating loss which should be indicated by a minus sign. Omit the "$" sign in your response.)

Case	Sales	Variable Expenses	Average Contribution Margin Ratio	Fixed Expenses	Net Operating Income (Loss)
1	$500,000	$	20%	$	$7,000
2	$400,000	$260,000	35%	$100,000	$ 40,000
3	$	$	60%	$130,000	$20,000
4	$600,000	$420,000	%	$	$(5,000)

I filled some of data in but I dont know how to get the rest, could someone please explain to me how to get the missing data, thanks.