Need to know answers to question marks and the formulas to get them

D E F 19 B 1 Chapter 6: Applying Excel 2 3 Data 4 Selling price per unit $50 5 Manufacturing costs: 6 Variable per unit produced: 7 Direct materials $11 8 Direct labor $6 9 Variable manufacturing overhead $3 10 Fixed manufacturing overhead per year $120,000 11 Selling and administrative expenses: 12 Variable per unit sold $4 13 Fixed per year $70,000 14 15 Year 1 Year 2 16 Units in beginning inventory 0 17 Units produced during the year 10,000 6,000 18 Units sold during the year 8,000 8,000 20 Enter a formula into each of the cells marked with a ? below 21 Review Problem 1: Contrasting Variable and Absorption Costing 22 23 Compute the Ending Inventory 24 Year 1 Year 2 25 Units in beginning inventory 0 26 Units produced during the year ? ? 27 Units sold during the year ? ? 28 Units in ending inventory ? 29 30 Compute the Absorption Costing Unit Product Cost 31 Year 1 Year 2 32 Direct materials ? ? 33 Direct labor ? ? 34 Variable manufacturing overhead ? ? 35 Fixed manufacturing overhead ? ? 36 Absorption costing unit product cost ? ? 37 38 Construct the Absorption Costing Income Statement 39 Year 1 Year 2 40 Sales ? ? 41 Cost of goods sold ? ? 42 Gross margin ? ? 43 Selling and administrative expenses 2 2 ? Chanter 6 Form B D E F G Year 2 2 A 37 38 Construct the Absorption Costing Income Statement 39 Year 1 Year 2 40 Sales ? ? 41 Cost of goods sold ? ? 42 Gross margin 7 ? 43 Selling and administrative expenses ? ? 44 Net operating income ? ? 45 46 Compute the Variable Costing Unit Product Cost 47 Year 1 Year 2 48 Direct materials ? ? 49 Direct labor ? ? 50 Variable manufacturing overhead 7 2 51 Variable costing unit product cost ? ? 52 53 Construct the Variable Costing Income Statement 54 Year 1 55 Sales ? 56 Variable expenses: 57 Variable cost of goods sold ? 58 Variable selling and administrative expenses ? ? 59 Contribution margin 60 Fixed expenses: 61 Fixed manufacturing overhead ? 62 Fixed selling and administrative expenses ? 63 Net operating income 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 ? ? ? ? ? 2 ala ? ? Chanter Form 1