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, =85 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+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. KI ? X CVP Analysis - Excel FORMULAS DATA FILE HOME INSERT PAGE LAYOUT REVIEW VIEW Sign in X Calbr 11 Paste BIU- . Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A28 V X 44 Sales D E $210,000 7 Fixed expenses 8 . Use the data to answer the following 10 1 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 $75 per unit 45 per unit $30 per unit 40% 60% 18 Calon 11 96 M A A Paste BIU Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font C9 3 f D E F . B $210,000 $75 per unit 45 per unit S30 per unit 40% 60% 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 18 19 2. Compute the break-even point 20 Break-even in unit sales 21 Break-even in dollar sales 22 23 3. Compute the margin of safety 24 Margin of safety in dollars 25 Margin of safety percentage 26 27 4. Compute the degree of operating leverage 28 Sales 29 Variable expenses 30 Contribution margin Sheet1 7,000 units $525,000 READY 3 100% E Attempt(s) Hint CVP Analysis - Excel 7 FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In X Calibri 11 % 4 Paste BIU- A- Cells Alignment Number Conditional Format as Cell Formatting" Table Styles Editing Font Styles Clipboard X Given the following information complete a CVP analysis D E F ces A B Given the following information complete a CV analysis 2 for JPL, Inc.: 3 4 Unit sales 11,200 units 5 Selling price per unit $75 per unit 6 Variable expenses per unit $45 per unit 7 Fixed expenses $210,000 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 $75 per unit 13 Variable expenses per unit 45 per unit 14 Contribution margin per unit $30 per unit 15 16 CM ratio 40% 17 Variable expense ratio 60% 18 19 2. Compute the break-even point 20 Break-even in unit sales 7,000 units 21 Break-even in dollar sales S525,000 22 23 3. Compute the margin of safety
