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On the Data Tables - Student tab in your Excel spreadsheet, update the given information section of the Income Statement for Hello Company with

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On the Data Tables - Student tab in your Excel spreadsheet, update the given information section of the Income Statement for Hello Company with the data below: Income Statement Units Price per unit Product A 35,000 $9.00 Product B 7,000 $ 6.00 Product C 3,000 $ 60.00 Max Capacity 45,000 Variable expense per unit $ 3.00 Total Fixed Costs $20,000 $ 1.00 $40,000 $ 20.00 $10,000 Required: 2. Using the Data Table What-If Analysis tool in Excel, determine the Units and Operating Income (Loss) for each product based on the following scenarios. (Hint: Don't forget that the warehouse can only hold up to 45,000 units.) Scenario 1: Pete wants to find the mix of units that will result in the highest overall Operating Income, perform this analysis using a two variable data table. Product A can vary between 32,000 units and a maximum of 37,000 units. Product B can vary between 5,000 units and a maximum of 10,000 units. Both Products A and B are manufactured in 1,000-unit increments. The production level of Product C is the same each month at 3,000 units. SCENARIO 1 Units Operating Income (Loss) Product A Product B Product C 0 $ Scenario 2: Pete wants each product line in the mix to be profitable. Use a One Variable Data Table and then determine the number of units for each product that should be produced (to the nearest thousand) to make each product line profitable. SCENARIO 2 Product A Product B Product C Units Operating Income (Loss) 0 $ 0 3. Based on your calculations above, which scenario creates the highest overall Operating Income for the company? Scenario 1 Scenario 2

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