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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

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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 dota 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 beiow, If in a blank cell, "= B5" was entered, the formula would output the result from cell 85 , or 75 in this example. - Bosic 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 siash 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. Excel Exercise i Saved 9 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 16CM 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 3. Compute the margin of safety 24 Margin of safety in dollars READY Attempt(s) 9/10 \begin{tabular}{|l|l|} \hline B13 \\ \hline 16 & CM ratio \\ \hline 17 & Variable expense ratio \\ 18 & \\ 19 & 2. Compute the break-even point \\ \hline 20 & Break-even inge \\ \hline \end{tabular} 20 Break-even in unit sales 21 Break-even in dollar sales 23 3. Compute the margin of safety 24 Margin of safety in dollars 27 4. Compute the degree of operating leverage 28 Sales 29 Variable expenses 30 Contribution margin 31 Fixed expenses 32 Net operating income 35

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