Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

in this worksheet, how to use Goal Seek to determine the breakeven point based on the units of production in cell B6 . Accept the

in this worksheet,

how to use Goal Seek to determine the breakeven point based on the units of production in cell B6. Accept the Goal Seek result so that cell B6 is updated with the number of units required for a break even. (Remember, break even is when revenues =expenses)

Thank you for your time and help. Please be specific.

image text in transcribed

Units_Pro... f 800 B D E F Gatchell Bikes Ltd 1 2 BATTERY POWERED BIKE ANALYSIS 3 Break-Even Analysis Revenue Expenses Units Sold Net Income 800 $3,000 2,400,000 $ 800 $1,287 1,029,600 $476 380,800 1,410,400 $ 4 5 Revenue 6 Units Produced and Sold 7 Average Price per Unit 8 Total Revenue 9 10 Variable Expenses 11 Units Produced 12 Average Material Cost per Unit 13 Total Material Cost 14 Average Manufacturing Cost per Unit 15 Total Manufacturing Cost 16 Total Variable Expenses 17 18 Fixed Expenses 19 Salaries and other benefits 20 Property tax 21 Insurance 22 Miscellaneous 23 Total Fixed Expenses 24 25 Summary 26 Total Revenue 27 Total Expenses 28 Net Income 29 30 31 32 $ 745,000 87,000 82,000 39,000 953,000 $ 2,400,000 2,363,400 36,600 $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Financial Accounting

Authors: Libby, Short

6th Edition

978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881

More Books

Students also viewed these Accounting questions

Question

What is a mixture? Cite two examples.

Answered: 1 week ago