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I will not email seperately. Please answer the question om Chegg or I will report.

Addison, Incorporated makes a single product, an indoor fireplace, and has provided data from last year of operations. The Controller has asked you to compare income statements if the company used the variable costing approach vs. the absorption costing report. Here are some tips for using Excel: - Cell Reference; Allows you to refer to data from another cell in the worksheet. If you entered " =B5 " into a blank cell, the formula would output the value from cell B5. - Basic Math Functions; Allow you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add), - (minus sign to subtract). "(osterisk sign to multiply), and / (forward slash to divide). For example, if you entered =84+85 in a blank cell, the formula would add the values from those cells and output the result. - SuM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered " SUM(C4,C5,C6)" into a blank cell, the formula would output the result of adding those three separate cells, Similarly, if you entered " SUM(C4:C6)", the formula would output the same result of adding those cells. 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. irs should be input and 1 2 Addison, Incorporated makes a single product, an indoor fireplace. Data for last year is as follows: 3 4 Selling price per fireplace $420 5 Manufacturing costs: 6 Variable per unit produced: 7 Direct materials 8 Direct labor 9 Variable manufacturing overhead 10 Fixed manufacturing overhead per year 11 Selling and administrative expenses: 12 Variable per unit sold 13 Fixed per year 14 15 Units in beginning inventory 16 Units produced during the year 17 Units sold during the year 18 19 Required: 20 Use the data to answer the following. 37 Fixed selling and administrative expenses 38 Net operating income 39 40 Compute the number of fireplaces required to break even 41 42 2. Assume the company uses absorption costing: 43 44 Compute the unit product cost for one fireplace 45 46 Prepare an income statement for the year 47 48 Sales 49 Cost of goods sold 50 Gross margin 51 Selling and administrative expenses 52 Net operating income 53 54 Was fixed overhead deferred to or released from inventory? 55 Fixed overhead was: 56