Exercise 5-18 Missing Data; Basic CVP Concepts [LO1, LO9] Fill in the missing am
ID: 2378122 • Letter: E
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%