Question

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.)

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 9,500 19,900 4,000 Sales $323,000 $361,800 $104,000 Variable expenses 180,500 258,700 Fixed expenses 86,000 160,000 90,000 Net operating income (loss) $67,800 $81,200 $(54,000) Contribution margin per unit $17 $8

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 $443,000 $199,000 $298,000 Variable expenses 131,340 101,320 Fixed expenses 50,000 467,000 Net operating income (loss) $49,910 $76,620 $(21,320) Contribution margin ratio (percent) 37 % % 77 % %

Answer 1

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