Exercise 5-18 Missing Data; Basic CVP Concepts [LO1, LO9] Fill in the missing am

Question

Exercise 5-18 Missing Data; Basic CVP Concepts [LO1, LO9]

Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others.

Assume that only one product is being sold in each of the four following case situations: (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.)

Assume that more than one product is being sold in each of the four following case situations: (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" and "%" signs in your response.)

Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others.

Explanation / Answer

Case 2

Units sold=97300/7=13900

case 3

Sales= 191000+191000=382000

Fixed expense= 191000-101000=90000

b.

case1

Variable expenses= 447000-174330=272670

Fixed expenses=174330-63330=111000

Case 2

Net operating income=65620-55000=10620

Contribution margin ratio= 65620/193000=34%

case3

Sales= 556160/79%=704000

Variable exp= 147840

Case4

Fixed expense= 202340+31660=234000

Contribution margin%= 202340/302000=67%

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