P AutoSave 8 Project Part! (1) Excel Sech Jessica Cam File Home Insert Draw Page Layout Formulas Data Review View Help Calibri 11 AA Wrap Text Paste Format Painter BIU A Merge & Center Cipboard Fort Artition General $ % 843 Number Conditional Format as Cell Formatting Table Styles Styles Insert Delete Format Sort 4- B10 4 A C D E F G H J 3 4 5 6 Cost-volume-profit analysis examines how changes in costs and volume affect a company's net operating income. It is very useful for decision making 7 The purpose of this assessment is to provide students an opportunity to compute and explain key amounts and ratios used in cost-volume-profit analysis. 8 9 10 Situation 1 Scream, Inc. makes and distributes ice cream to grocery stores around the world. During its last fiscal year ending December 31, the company sold 590,240 pints (units) at a selling price of $3.89 per pint 12 Fixed expenses associated with the ice cream total $792,043 and variable expenses are $2.14 per pint. Your manager has asked for help and advice with interpreting this information 13 4 5 Instructions 6 Where necessary, carry computations to two decimal places. 7 8 9 0 1 1 Prepare a contribution format income statement for the last year. Part 1 Total Per Unit # 3 9