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=A1:K42, (Always use cell references and formulas where appropriate to receive full credit. Complete all imput fields. For any zero amounts, enter a zero.) begin{tabular}{|l|ll|}
=A1:K42, (Always use cell references and formulas where appropriate to receive full credit. Complete all imput fields. For any zero amounts, enter a zero.) \begin{tabular}{|l|ll|} \hline \multicolumn{2}{c|}{ DATA } \\ \hline \multicolumn{1}{|c|}{ Description } & \multicolumn{2}{c|}{ Amount } \\ \hline Sales price per unit & $ & 2.50 \\ \hline Variable cost per unit & $ & 1.00 \\ \hline Contribution margin per unit & & \\ \hline Total fixed costs & $ & 2,100 \\ \hline Profit at breakeven & & \\ \hline Target profit & $ & 5,000 \\ \hline \end{tabular} Requirement 1 Use the contribution margin approach to compute the company's monthly breakeven in units. Reference the cell(s) in the DATA table above when constructing your breakeven formula below. Do not use target profit in this calculation. Format as a number. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Data table or if you type the numbers in, you will be marked wrong.) Breakeven in Units Requirement 2 Use the contribution margin ratio approach to compute the breakeven point in sales dollars. Reference the DATA cell(s) in your formula for contribution margin ratio below. Do not use target profit in these calculations. Format the ratio as a percentage and the breakeven in dollars as accounting number format in whole dollars. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Data table or if you type the numbers in, you will be marked wrong.) Contribution margin ratio Breakeven in Dollars Requirement 3 Use the contribution margin approach to compute the monthly sales level (in units) required to earn a target operating income of $5,000. Reference the cell(s) in the DATA table above when constructing your target sales level formula below. Format as number. Use the Excel ROUNDUP function to obtain whole units to reach the target operating income. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Data table or if you type the numbers in, you will be marked wrong.) Target sales level (in units) HINTS Cell | Hint: C35 | Use the function =ROUNDUP( ), to calculate the target sales level
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