90.2K

Verified Solution

Link Copied!

question 1

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 th 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 20,300 Case #4 4,900 Unit sold 2001 Case #1 9,200 $ 257,600 110,400 81,000 $ 352,500 Sales Variable expenses Fixed expenses Net operating income (loss) Contribution margin per unit 182,7007 170,000 41,500 15 88.000 (34,100) $ $ $ $ $ 134,300 11 Required Required B > 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 more than one product is being sold in each of the four following case situations: Case #1 Case #2 Case #3 Case #4 Sales $ 454,000 $ 198,000 $ 299,000 Variable expenses 126,720 80,730 Faced expenses 61,000 470,000 Net operating income (loss) $ 77,220 123,300 270 Contribution margin ratio (percent) 43% 43% % 85 % % $ Required A Required B >

Answer & Explanation Solved by verified expert

See Answer