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EXERCISE 5-11 Missing Data: Basic CVP Concepts L05-1, LOS Fill in the missing amounts in each of the eight case situations below. Each case is independent the others. (Hint: One way to find the missing amounts would be to prepare a contribution forma income statement for each case, enter the known data, and then compute the missing items) a. Assume that only one product is being sold in each of the four following case situation Contribution Units Variable Margin Fixed Case Sold Sales Expenses per Unit Expenses Los 15,000 $180,000 $120,000 ? $50,000 ? ? 2.... $100,000 ? $10 $ $32,000 $8,000 3. 10,000 ? $70,000 $13 ? $12.000 4. 6,000 $300,000 ? $100,000 $110,000 Net Operating Income ? b. Assume that more than one product is being sold in each of the four following case studies Net Operating Income Case Average Contribution Variable Margin Sales Expenses Ratio $500,000 ? 20% $400,000 $260,000 ? ? ? ? 60% $600,000 $420,000? 1. 2.... 3.... 4. Fixed Expenses ? $100,000 $130,000 ? Loss $7,000 1 $20.000 $15.000