Question

Exercise 4-13 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.) points Required: a. Assume that only one product is being sold in each of the four following case situations: Skipped Case #2 Case #3 20,200 Case #1 9,600 307,200 172,800 90,000 Case #4 5,000 160,000 eBook $ 296,100 $ 242,400 Ask Unit sold Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit Scanned with CamScanner $ 170,000 (57,200) $ 8 $ 78,000 (8,000) 117,000 S 10 $ Deint

Answer 1

Correct Answer:

	Case #1	Case #2	Case #3	Case #4
Unit sold	$              9,600	$            14,100	$            20,200	$              5,000
Sales	$        3,07,200	$        2,96,100	$        2,22,960	$        1,60,000
Variable expenses	$        1,72,800	$        1,83,300	$        2,42,400	$            90,000
Fixed expenses	$            90,000	$        1,70,000	$            85,000	$            78,000
Net operating income (loss)	$            44,400	$          (57,200)	$        1,17,000	$            (8,000)
Contribution margin per unit	$                    14	$                       8	$                    10	$                    14

	Case #1	Case #2	Case #3	Case #4
Sales	460000	198000	697000	298000
Variable expenses	289800	136620	132430	83440
Fixed expenses	110000	63000	473000	234000
Net operating income (loss)	60200	-1620	91570	-19440
Contribution margin ratio	37%	31%	81%	72%

End of answer.

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