Amount DATA Description Sales price per unit Variable cost per unit Contribution margin per unit Totalfixed costs Profitat breakeven Target profit Requirement 1 Use the contribution margin approach to compute the company's monthly breakeven in units Relerence the cells) in the DATA table above when constructing your break even 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 Instructions tab 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 cells) 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 Instructions tab you will be marked wrone) Contribution margin ratio Breakeven in Dollars Requirement a Use the contribution margin approach to compute the monthly sales leved (in units) required to earn a target operating income of 55.000 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 velerences and formulas where appropriate to receive full credit. if you copy/paste from the instructions tab you will be marked were Target sales level in units HINTS Cell Hint 04:09 Enter the appropriate numeric values given on the instructions tab. Use an equal sign() and the appropriate cells previously completed in the DATA table to calculate the values that are not directly given on the instructions tab. Do not use equalsen) when entering a single numerk value. Do not leave any cells blank Cast Use the function ROUNDUPI) to calculate the target sales level Steps to Perform: Step Instructions Points Possible 1 0 Download and open the excel spreadsheet, Miller-Nobles_6e-12e-Using Excel_Ch20- Ch21_Start xlsx. This spreadsheet includes 2 tabs, you will enter all answers on the second tab, ENTERANSWERS1 (All answers should be entered in the blue highlighted cells.) 2 7 The Oceanside Garden Nursery buys flowering plants in four-inch pots for $1.00 each and sells them for $2.50 each. Management budgets monthly fixed costs of $2,100 for sales volumes between 0 and 5,000 plants. Use the contribution margin approach to compute the company's monthly breakeven point in units 7 pts) (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong) 2 3 Use the contribution margin ratio approach to compute the breakeven point in sales dollars. (2 pts) (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong) 1 4 Use the contribution margin approach to compute the monthly sales level (in units) reguired to earn a larget operating income of $5,000 (1 0 (Always use cell references and formulas where appropriate to receive full credit.) 0 5 Once completed, save the project to the desktop File name can be anything, but DO NOT include spaces. Return to auto-graded excel activity window, and progress to Step 3 Follow on screen instructions (To review score, navigate to Results in the MyLab and click on Review link) Total Points 10