G ezto.mheducation.com Activity Stream Untitled Drake - Find Your Love (Official Music Video... )) Course Hero Question 1 - Ch7 Excel Exercise - Connect Ch7 Excel Exercise i Saved Help Save & Exit Submit Instructions: 1. You have 3 attempts for this assignment (which means that you can submit up to 3 times). 2. Each cell has 10 maximum attempts (which means that you can enter an answer up to 10 times for each cell). You can check the number of remaining attempts at the bottom of the Excel screen. Question: JPL, Inc. has provided its sales and expense data for the most recent period. The Controller has asked you prepare a spreadsheet that shows the related CVP Analysis computations. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. . Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, "=B5" was entered, the formula would output the result from cell B5, or 75 in this example. . Basic Math functions: Allows 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), *(asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if in a blank cell "=B5+86" was entered, the formula would add the values from those cells and output the result, or 120 in this example. If using the other math symbols the result would output an appropriate answer for its function. XI H 6 . 9 . 6 CVP Analysis - Excel X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri - 11 - A" A % Paste BIU- - LA- Alignment Number Conditional Format as Cell Cells Editing Formatting * Table Styles Clipboard Font Styles B12 X V B C D E F 1 Given the following information complete a CVP analysis for JPL, Inc. W 4 Unit sales 11,200 units 5 Selling price per unit $75 per unit 6 Variable expenses per unit $45 per unit 7 Fixed expenses $210,000 Mc Graw Hill G E A ezto.mheducation.com Activity Stream Untitled Drake - Find Your Love (Official Music Video... )) Course Hero Question 1 - Ch7 Excel Exercise - Connect Ch7 Excel Exercise i Saved Help Save & Exit Submit FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri - 11 - A" A % Paste BIU - - - A . Alignment Number Conditional Format as Cell Cells Editing Formatting * Table Styles Clipboard Font Styles B12 X V B C D E F 1 Given the following information complete a CVP analysis 2 for JPL, Inc.: W 4 Unit sales 11,200 units 5 Selling price per unit $75 per unit 6 Variable expenses per unit $45 per unit 7 Fixed expenses $210,000 Use the data to answer the following. 10 11 1. Compute the CM ratio and variable expense ratio 12 Selling price per unit per unit 13 Variable expenses per unit per unit 14 Contribution margin per unit per unit 15 16 CM ratio 17 Variable expense ratio 18 19 2. Compute the break-even point 20 Break-even in unit sales units 21 Break-even in dollar sales 22 23 3. Compute the margin of safety 24 Margin of safety in dollars Sheet1 ... + READY - + 100% Mc Graw HillE 6 eztcmheducationcom ml 0 o [I] Iiil Activity Stream Untitled Drake , Find Your Love (Oiflclal Music Video Course Hero Question 1 - Ch7 Excel Exercise - Connect Ch7 Excel Exercise 0 Saved Help Saves. Exit Submit FILE HOME INSERT PAGE LAVOUT FORMULAS DATA REVIEW VIEW Sign In .n. l B 99 Calibri ' v A' A' E % I I 7.1 M Ea . iii 3 & Paste \\' B I U . v "v . A . Alignment Number Conditional Format as C9\" Cells Editing ' ' 7 _ - . Formatting ' Table ' Styles ' v v Clipboard r. Font F. Styles A l B12 e f- v A B c D E F E 16 CM ratio 17 Variable expense ratio 18 19 2. Compute the break-even point 20 Break-even in unit sales units 21 Breakeven in dollar sales 22 23 3. Compute the margin of safety 24 Margin of safety in dollars 25 Margin of safety percentage 26 27 4. Compute the degree of operating leverage 28 Sales 29 Variable expenses 30 Contribution margin 31 Fixed expenses 32 Net operating income 33 34 Degree of operating leverage 35 36 37 38 4 Sheet]. (i; m > El -I+ 100% Next % Prev 1 of 1