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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.) Assume that only one product is being sold in each of the four following case situations: Contribution Margin per Unit Net Operating Income Units Variable Fixed Case Sold Sales Expenses Expenses (Loss) $180,000 $120,000 $100,000 $50,000 $32,000 1........ 15,000 ? $10 $13 2...... $8,000 $70,000 $12,000 $(10,000) 3 10,000 ? 4. 6,000 $300,000 ? $100,000 Assume that more than one product is being sold in each of the four following case situations: Average Contribution Net Operating Income Margin Ratio Variable Fixed Case Sales Expenses Expenses (Loss) $500,000 $400,000 $7,000 ? 1... 20% ? $260,000 ? $100,000 $130,000 2. $20,000 $(5,000) 3. 60% 4. $600,000 $420,000 ?

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.) Assume that only one product is being sold in each of the four following case situations: Contribution Margin per Unit Net Operating Income Units Variable Fixed Case Sold Sales Expenses Expenses (Loss) $180,000 $120,000 $100,000 $50,000 $32,000 1........ 15,000 ? $10 $13 2...... $8,000 $70,000 $12,000 $(10,000) 3 10,000 ? 4. 6,000 $300,000 ? $100,000 Assume that more than one product is being sold in each of the four following case situations: Average Contribution Net Operating Income Margin Ratio Variable Fixed Case Sales Expenses Expenses (Loss) $500,000 $400,000 $7,000 ? 1... 20% ? $260,000 ? $100,000 $130,000 2. $20,000 $(5,000) 3. 60% 4. $600,000 $420,000 ?

Accounting Information Systems
Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter11: The Billing/accounts Receivable/cash receipts (b/ar/cr) Process
Section: Chapter Questions
Problem 9P: Use the DFDs in Figure 11.3 (pg. 416), Figure 11.4 (pg. 417), Figure 11.6 (pg. 419), and Figure 11.8...
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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.) Assume that only one product is being sold in each of the four following case situations: a. Contribution Net Operating Income Units Sold Variable Margin per Unit Fixed Case Sales Expenses Expenses (Loss) $180,000 $100,000 $120,000 15,000 ? $50,000 $32,000 $8,000 $12,000 2 $10 3 10,000 $70,000 $13 4 6,000 $300,000 ? $100,000 $(10,000) b. Assume that more than one product is being sold in each of the four following case situations: Average Contribution Net Operating Variable Margin Ratio Fixed Income Case Sales Expenses Expenses (Loss) 1. $500,000 $400,000 20% $7,000 $100,000 $130,000 ? 2 $260,000 ? $20,000 $(5,000) 3. 60% $600,000 $420,000 ?
Transcribed Image Text: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.) Assume that only one product is being sold in each of the four following case situations: a. Contribution Net Operating Income Units Sold Variable Margin per Unit Fixed Case Sales Expenses Expenses (Loss) $180,000 $100,000 $120,000 15,000 ? $50,000 $32,000 $8,000 $12,000 2 $10 3 10,000 $70,000 $13 4 6,000 $300,000 ? $100,000 $(10,000) b. Assume that more than one product is being sold in each of the four following case situations: Average Contribution Net Operating Variable Margin Ratio Fixed Income Case Sales Expenses Expenses (Loss) 1. $500,000 $400,000 20% $7,000 $100,000 $130,000 ? 2 $260,000 ? $20,000 $(5,000) 3. 60% $600,000 $420,000 ?
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