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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

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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 . Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell. --B5" 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 -85+36" 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 ? CVP Analysis - Excel FORMULAS DATA FILE HOME INSERT PAGE LAYOUT REVIEW VIEW Sign in Caibri 11 Paste BIU- - -A A % A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing Clipboard Font F3 B C D E 11.200 units $75 per unit $45 per unit $210,000 3 4 Unit sales 5 Selling price per unit 6 Variable expenses per unit 7 Fixed expenses 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 per unit per unit per unit

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