Question
*I have been having trouble getting these problems to work in Excel. In your solution, please describe how this is done in Excel or add
*I have been having trouble getting these problems to work in Excel. In your solution, please describe how this is done in Excel or add screen captures. Thank you.*
1. Prepare budgeted income statement, assume that 600 units are to be produced and sold, a per unit selling price of $85, an income tax rate of 28% and the following information:
a.Cost of goods sold of $35 per unit
b.Labor = $400/month
One part-time employee will be hired to take care of packaging and shipping. This employee will be paid $10 per hour. He or she is estimated to work 40 hours total per month.
c.Advertising fees = $3,000
d.Bank fees = $200
e.Phone/internet =$150 per month
f.Shipping = $3 per unit
g.Utilities = $100 per month
h.Office Supplies = $900
i.Conference Exhibitor Fee = $3000
j.Travel Expenses for Conference (e.g. airfare, meals, taxi) = $1200
2. Breaking Even Analysis:Calculate how many units need to be sold to break even, based on the costs provided in question #1. Assume that only one conference will be attended and the estimated expenses associated with this conference are on target. Use the information in question #1 except do not consider taxes.)
*I have been having trouble getting these problems to work in Excel. In your solution, please describe how this is done in Excel or add screen captures. Thank you.*
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