please answer the exel sheet 1 and 2

Addison, ine makes a single product, an indoor fireplace, and has provided data from last year of operations. The Controller has asked you to compare income statements if the company used the variable costing approach vs. the absorption costing report. Use the information included in the Excel Sirulation and the Excel functions described below to complete the task. - Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, "=B3" was entered, the formula would output the result from cell B3, or 420 in this example. - Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add), (minus sign to subtract), "(asterisk sign to mutiply), and / (forward slash to divide). From the Excel Simulation below, if in a blank cell "=B15+B16" was entered, the formula would add the values from those cells and output the result, or 9.500 in this example. If using the other moth symbols the result would output an appropitate answer for its function. - Sum function: Allows you to refer to multple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell "ASUM(B6,B7,B8)" was entered, the formula would output the result of adding those three separate cells, or 215 in this example. Similaly. if in a blank cell - SUM(B6 B8)" was entered, the formulo would output the same. result of adding those cells, except they are expressed as a range in the formulo, ond the result would be 215 in this oxample Addison, inc. makes a single product, an indoor firep ace. Data for last year is as follows: 15 Units produced during the year 16 Units sold during the year 17 18 Use the data to answer the following. 19 20 1. Assume the company uses variable costing: 21 22 Compute the unit product cost for one fireplace 23 24 Prepare a contribution margin income statement for the year 25 26 Sales 27 Variable expenses: 28 Variable cost of goods sold 29 Variable selling and administrative expenses 30 Contribution margin 31 Fixed expenses: 32 Fixed manufacturing overhead 33 Fixed selling and administrative expenses 34 Net operating income 35 36. Compute the number of fireplaces required to breakeven Sheet1 32. Fixed manufacturing overhead 33 Fixed selling and administrative expenses 34 Net operating income 35 36 Compute the number of fireplaces required to breakeven 37 38 2. Assume the company uses absorption costing: 39 40 Compute the unit product cost for one fireplace 41 42 Prepare an income statement for the year 43 Sales 45 Cost of goods sold 46 Gross margin 47 Selling and administrative expenses 48 Net operating income Hayword, Inc. uses weighted-average costing and has two departments and has provided data reiated to its mixing department for the month of July. The Controller has asked you prepare a cost reconchiation report and provide the related computations. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. - Cell Reference: Aliows you to refer to data trom another cell in the worksheet. From the Excel Simulation below, if in a blank cell, "=B5" was entered, the formulo would output the result from cell B5, or 300 in this example: - Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys (plus sign to add). - (minus sign to subtract). " (asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below. if in a blank cell 89+810 was entered, the formula would add the values from those cells and output the resuit, of 17.250 in this example. If using the other math symbols the result would output an appropriate answer for is function. - Sum function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Smulation below, if in a blank cell "=SUMB13.BM) was entered, the formula would output the result of adding those two separate cells, or 737,320 in this example. Similarly, if in a blank cell "-SUM(B13: B14) was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 737,320in this example Hayword, Inc. uses weighted-average costing and has two departments - mixing and packaging. The following information relates to work in the mixing department for the month of July: \begin{tabular}{|l|l} \hline 16 & Units in process \\ 17 & Percent completed with respect to ma \\ 18 & Percent completed with respect to co \\ 19 & \\ 20 & Use the data to answer the following. \end{tabular} 1. 1 . Compute equivalent units. Mixing Department Equivalent Units of Production Materials Conversion Units transferred to the next department Ending work in process: Materials Conversion Equivalent units of production 2. Compute cost per equivalent unit. Mixing Department Cost per Equivalent Unit Materials Conversion Cost of beginning work in process 37 Cost added during the period 38 Total cost 39 Equivalent units of production ,+ Sheets (4) READY 45 Ending work in process inventory: Materials Conversion Total Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory Units completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units transferred out 4. Prepare reconciliation. Mixing Department Cost Reconciliation Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the period Total cost to be accounted for 63 Costs accounted for as follows: 64 Cost of ending work in process imventory 65 Cost of units transferred out 66 Total cost accounted for