Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show the work so i know how im supposed to do the math in excel if possible Battle Company Variable and Absorption Costing Spreadsheet

please show the work so i know how im supposed to do the math in excel if possible
image text in transcribed
image text in transcribed
image text in transcribed
Battle Company Variable and Absorption Costing Spreadsheet Instructions Due March 10, 2021 1. Download and complete the spreadsheet found in the Variable and Absorption Costing Spreadsheet Dropbox by inserting either formulas or cell references in all of the cells highlighted yellow. Each cell that requires a formula or cell reference has a question mark in it. Originally the fixed manufacturing overhead in cell D9 is $480,000. The absorption costing net operating income should be $1,423,000 and the variable costing net operating income should be $1,391,000. 2. Check the accuracy of the formulas in your spreadsheet by changing the amount of fixed manufacturing overhead in cell 09 from $480,000 to $540,000. This should cause both of your net operating incomes to change. The absorption costing net operating income should now be $1,367,000 and the variable costing net operating income should now be $1,331,000. If the net operating incomes don't recalculate correctly, fix the errors in your spreadsheet before you submit it. You can submit either version because I will change the amount in cell D9 to check that your net operating incomes recalculate correctly. 3. Please let me know if you have any questions and upload your completed spreadsheet to the Dropbox. C D H 1 Battle Company produces and sells a single product, a wooden lawnchair. Costs and operating data are given below: $ 90.00 Selling price per lawnchair Manufacturing costs 5 variable per lawnchair 6 OM DL Variable Manuf/H 9 Pixed Manuf/H per year 10 11 Selling and Administrative expenses: 12 Variable (per lawnchair) 13 Fixed Selling and Admin expense per year $ $ $ $ 26.00 14.00 10.00 480,000.00 $ $ 4.00 145,000.00 + 50,000 56,000 7 2 7 7 15 lawnchairs produced during the year 16 lawnchairs sold during the year 17 18 Absorption Costing 19 20 Calculate Unit Product Cost: 21 22 OM 23 DL 24 Variable Manuf/ 25 Fixed Manuf/H 26 Total Unit Product Cost 27 28 Absorption Costing Income Statement: 29 30 Sales 31 Cost of Goods Sold 32 Gross Profit 33 Selling and Admin Expense: 34 Variable Selling and Admin expense 35 Fixed Selling and Admin expense 36 Net Operating Income 37 ? ? 7 7 2 2 D ? ? ? ? ? 37 38 Variable Costing: 39 40 Calculate Unit Product Cost: 41 42 DM 43 DL 44 Variable Manuf O/H 45 Total Unit Product Cost 46 47 Variable Costing Income Statement: 48 49 Sales 50 Variable expenses: 51 COGS 52 Variable Selling and Admin expense 53 Contribution Margin 54 Fixed expenses: 55 Fixed ManufO/H 56 Fixed Selling and Admin expense 57 Net Operating Income 58 59 60 61 62 63 SF ? ? 2 ? ? ? 66 67 68 69 70 71 72 73 74 75 76

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Committee Handbook

Authors: Louis Braiotta Jr.

4th Edition

0470226420, 978-0470226421

More Books

Students also viewed these Accounting questions