Answered step by step
Verified Expert Solution
Question
1 Approved Answer
JPL Inc. has provided its sales and expense data for the most recent perlod The Controller has asked you prepare a spreadsheet that shows the
JPL Inc. has provided its sales and expense data for the most recent perlod 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). * (asternsk sign to multiply), and / (forward slash 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. CVP Analysis - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in Calibri - 11 A A Peste Alignment Number Conditional Format as Cell BIU- Cells Editing FormattingTable Styles - Cipocard Styres Font Given the following information complete a CVP analysis A1 1 Given the following information complete a CVA analysis 2 for JPL, Inc. 4Unit sales 5 Selling price per unit 6 Variable expenses per unit 7 Fixed expenses 11,200 units $75 per unit $45 per unit $210,000 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 per unit jun jad per unit 15 16 CM ratio 17 Variable expense ratio 13 1 of 2 Prey Next > 1. to search 18 19 2. Compute the break-even point 20 Break-even in unit sales units 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 31 Fixed expenses 32 Net operating income 33 34 Degree of operating leverage 35 Sheet1 READY Attempt(s)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started