Exercise 6-14 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. (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.) 1 Assume that only one product is being sold in each of the four following case situations: (Input all amounts as positive values except for Net operating loss which should be indicated by a minus sign. Omit the "$" sign in your response.) Case UnitsSold Sales VariableExpenses ContributionMarginper Unit FixedExpenses Net OperatingIncome(Loss)1 15,000 $180,000 $120,000 $4 $50,000 $ 2 4,000$100,000 $ 60,000$10 $32,000 $8,000 3 10,000 $ $70,000 $13 $ $12,000 4 6,000 $300,000 $ 210,000$15 $100,000 $(10,000) 1A Assume that more than one product is being sold in each of the four following case situations: (Input all amounts as positive values except for Net operating loss which should be indicated by a minus sign. Omit the "$" sign in your response.) Case Sales VariableExpenses FixedExpenses Net OperatingIncome(Loss)1 $500,000 $ 20% $ $7,000 2 $400,000 $260,000 35% $100,000 $ 40,000 3 $ $ 60% $130,000 $20,000 4 $600,000 $420,000 % $ $(5,000) I filled some of data in but I dont know how to get the rest, could someone please explain to me how to get the missing data, thanks.
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Exercise 6-14 Missing Data; Basic CVP Concepts [LO1, LO9]Fill in the missing amounts in each of the...
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