Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Hi, I need help with the YELLOW cells 12-34. The answers have to be answered in formulas. I can't just input the answers otherwise it's

Hi, I need help with the YELLOW cells 12-34. The answers have to be answered in formulas. I can't just input the answers otherwise it's marking it wrong for me. Please help ? thank you.

image text in transcribed
CVP Analysis using Excel's Basic Math Functions 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. Juor #1- Chapters T FILE HOME INSERT Calibri LE Paste BIU T PAGE LAYOUT FORMULAS DATA REVIEW VIEW - 11 A A % A Alignment Number Font Conditional Format as Cell Formatting Table Styles Styles Cells Editing f Given the following information complete a CVP analysis d Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, "=85" 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+B6" 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. Clipboard A1 A 1 Given the following information complete a CVP analysis 2 for JPL, Inc.: es All answers must be entered as a formula. Click OK to begin. OK X 3 4 Unit sales 5 Selling price per unit 6 Variable expenses per unit 7 Fixed expenses 00 8 9 Use the data to answer the following. 10 11 1. Compute the CM ratio and variable expense ratio 12 Selling price per unit 13 Variable expenses per unit 14 Contribution margin per unit 15 16 CM ratio 17 Variable expense ratio 18 19 2. Compute the break-even point 20 Break-even in unit sales 21 Break-even in dollar sales 22 23 3. Compute the margin of safety 24 Margin of safety in dollars READY Attempt(s) Sheet1 www FILE HOME INSERT Calibri ER Paste BIU Clipboard A1 B C D 11,200 units $75 per unit $45 per unit $210,000 per unit per unit per unit units E Saved Sign In E F + 100% PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In 11 PP A A % A A Alignment Number Font Conditional Format as Cell Cells Formatting Table Styles Styles Editing X fx Given the following information complete a CVP analysis A 16 CM ratio 17 Variable expense ratio 18 19 2. Compute the break-even point 20 Break-even in unit sales 21 Break-even 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 B C D units E Sheet1 + READY + 100% Attempt(s)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting

Authors: William K. Carter

14th edition

978-0759338098

Students also viewed these Accounting questions