Part 4 of 4 12.5 points P References Excel Analytics 02-01 (Static) Cost Concepts [LO2-2, LO2-3, LO2-4] [The following information applies to the questions displayed below] Crispin Company's sales from last year were $8 million. The company maintains no beginning or ending inventories It has assembled all of its costs from last year and would like your assistance in sorting these costs into various categories, depicting them graphically, and preparing traditional and contribution format income statements Click here to download the Excel template. which you will use to answer the questions that follow Click here for a brief tutorial on PivotTables in Excel Click here for a brief tutorial on PivotCharts in Excel Click here for a brief tutorial on SUMIE in Excel Book Excel Analytics 02-01 (Static) Part 4 4. Assume the company wants to adapt the information in the "Cost Summary tab to prepare a contribution formet income statement Within the "Income Statements" tab of your template, and using the Sum FS function to quantity all variable and feed expenses a. Prepare a contribution format income statement. Hint The cost of goods sold should include all direct materials, direct labor, and variable manufacturing overhead. The fixed manufacturing overhead costs should be included within the "Foed expenses" portion of the income statement) b. Based on the contribution format income statement, what is the contribution margin? c. Based on the contribution format income statement, what is the net operating income? Complete this question by entering your answers in the tabs below. efox Print Req 4A Req 48 Reg 4C Prepare a contribution format income statement. (Hint: The cost of goods sold should include all direct materials, direct labor and variable manufacturing overhead. The fixed manufacturing overhead costs should be included within the "Fixed expenses portion of the income statement.) The most of goods sold in this income statement is Reg 48 Complete this question by entering your answers in the tabs below. Req 4A Req 48 Req 4C Based on the contribution format income statement, what is the contribution margin? The corbution margin is Reg40 >> Complete this question by entering your answers in the tabs below. Req 4A Reg 48 4C Based on the contribution format income statement, what is the net operating income? The net opening income Part 4 of 4 2.5 points P eBook Pert References Book Required FOLTERATIONY Excel Analytics 02-01 (Static) Cost Concepts (LO2-2, LO2-3, LO2-4] [The following information applies to the questions displayed below) Crispin Company's sales from last year were $8 million. The company maintains no beginning or ending inventories It has assembled alt of its costs from last year and would like your assistance in sorting these costs into various categories, depicting them graphically, and preparing traditional and contribution format income statements Click here to download the Excel template, which you will use to answer the questions that follow Click here for a brief tutorial on PhotTables in Excel Click here for a brief tutorial on PivotCharts in Excel Click here for a brief tutorial on SUMIE Exce Excel Analytics 02-01 (Static) Part 4 4. Assume the company wants to adapt the information in the "Cost Summary tab to prepare a contribution format income stenent Within the "Income Statements" tab of your template, and using the Sum IFS function to quantify all variable and fled expense a. Prepare a contribution format income statement. Hint The cost of goods sold should include all direct materials, direct labor and variable manufacturing overhead. The foxed manufacturing overhead costs should be included within the Fed expenses" portion of the income statement) b. Based on the contribution format income statement, what is the contribution margin? c. Based on the contribution format income statement, what is the net operating income? Complete this question by entering your answers in the tabs below. Req 4A Req 40 Rea 4C Prepare a contribution format income statement. (Hint: The cost of goods sold should include all direct materials, direct labos and variable manufacturing overhead. The fixed manufacturing overhead costs should be included within the "Fixed expenses portion of the income statement.) The cost of goods sold is this income statement is Pre Referances Complete this question by entering your answers in the tabs below. Req 4A Rea 40 Req 4C Based on the contribution format income statement, what is the contribution margin? The contribution margin is 40 >> Complete this question by entering your answers in the tabs below. Req 4A Reg 4 C Based on the contribution format income statement, what is the net operating income? The net operating income is