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please i need the formals for excel and the answers Sims Company began operations on January 1 . Its cost and sales information for this
please i need the formals for excel and the answers
Sims Company began operations on January 1 . Its cost and sales information for this year follow: Direct materials $40 per unit Direct labor $60 per unit Variable overhead $30 per unit Fixed overhead $7,000,000 per year Variable selling and administrative expenses $11 per unit Fixed selling and administrative expenses $4,250,000 per year Units produced 100,000 units Units sold 70,000 units Sales price $350 per unit Required: 1. Prepare an income statement for the year using variable costing, (Use cells A4 to C12 from the given information to complete this question. Negative amounts or amounts to be deducted should be input and displayed as negative values. All other answers should be input and displayed as positive values.) (Use cells A4 to C12 from the given information to complete this question. Negative amounts or amounts to be deducted should be input and displayed as negative values. All other answers should be input and displayed as positive values.) (Use cells A 4 to C12 from the given information to complete this question. Negative amounts or amounts to be deducted should be input and displayed as negative values. All other answers should be input and displayed as positive values.) Step by Step Solution
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