New r from Soraya rk Saved The Chapter 1 Form worksheet is to be used to create your own worksheet version of Exhibit 1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: 1 Chapter 1: Applying Excel 3 Data 55,000 4 Sales 5 Variable costs: 6 Cost of goods sokd $27,500 $2,800 $2,600 Variable selling 8 Variable administrative 9 Fixed costs: 10 Fixed selling $2.500 $1,500 Fixxed administrative 12 If your formulas are correct, you should get the correct answers to the following questions. (a) What is the gross margin now? Prev 1 of 5l Next >