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.) Complete this question by entering your answers in the tabs below. Required A Required B Assume that only one product is being sold in each of the four following case situations: Case #2 Case #3 20,100 Unit sold Case #1 10.000 $ 330,000 190,000 98,000 Case #4 5 ,300 143,100 S 264,000 $ Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 180,9001 179,000 (33,800) 11 73,000 (9,400) $ $ $ $ $ 149,200 12 Required B 1 of 12 !!! Next >

Answer 1

	Case #1	Case #2	Case #3	Case #4
Unit sold	10000	(264000-118800/11) = 13200	20100	5300
Sales	330000	264000	20100*21 = 422100	143100
Variable expenses	190000	118800	180900	(143100-5300*12) = 79500
Fixed expenses	98000	179000	422100-180900-149200 = 92000	73000
Net operating income (loss)	330000-190000-98000 = 42000	-33800	149200	-9400
Contribution margin per unit	(330000-190000/10000) = 14	11	12	73000-9400/5300 = 12