I need formulas for every answer. Please clearly show them.

Comparing Variable and Absorption Costing Addison, Inc, makes a single product, an indoor fireplace, and has provided data from last year of operations. The Controller has asked you to compare income statements if the company used the variable costing approach vs. the absorption costing report. Here are some tips for using Excel: - Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered "=B5" into a blank cell, the formula would output the value from cell B5. - Basic Math Functions: Allow 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). For example, if you entered "=B4+B5" in a blank cell, the formula would add the values from those cells and output the result. - SUM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered "=SUM(C4,C5,C6)" into a blank cell, the formula would output the result of adding those three separate cells. Simillarly, if you entered "=SUM(C4:C6)", the formula would output the same result of adding those cells. 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. (Use cells A4 to B17 from the given information, as well as A26 to C52 to complete this question. All answers sho displayed as positive values.) Required: Use the data to answer the following: (Use cells A4 to B17 from the given information, as well as A26 to C52 to complete this question. All answers should b displayed as positlve values.) 1. Assume the company uses variable costing: Compute the unit product cost for one fireplace $215 Prepare a contribution margin income statement for the year Sales $1,890,000 Variable expenses: Variable cost of goods sold Variable selling and administrative expenses Contribution margin Fixed expenses: Fixed manufacturing overhead Fixed selling and administrative expenses Net operating income Compute the number of fireplaces required to break even 2,500 2. Assume the company uses absorption costing: Compute the unit product cost for one fireplace $257 Prepare an income statement for the year