Required Complete the spreadsheet. Be sure to use formulas that will automatically calculate profitability if fixed cost, variable cost, or sales volume is changed. Spreadsheet Tips 1. Similar to basic math rules, the order of calculation within a formula is multiplication and division before addition and subtraction. Therefore, if you wish to subtract variable cost from selling price and multiply the difference by units sold, the formula must be =(B9-B15)*C12. 2. The quickest way to get the correct formulas in the area of C14 to G22 is to place the proper formula in cell C14 and then copy this formula to the entire block of C14:G22. However, the formulas must use the $ around the cell addresses to lock either the row or the column, or both. For example, the formula =2*$A$14 can be copied to any other cell and the cell reference will remain A14 because the $ symbol locks the row and column. Likewise, $A14 indicates that only the column is locked, and A$14 indicates that only the row is locked. 3. (Ungraded) You can explore the power of formulas by copying cells A9:G22 into cells A29:G42 of the scratchpad area below. There you can explore how changes to the given information (now in cells B29, A34:842, and C32:G32) are automatically reflected in the calculation of profitability. Since your formulas were created using the $ symbol, 8 you will need to modify the formula in cell C34 and then copy this formula to the entire block of C34:G32. Selling Price = 9 $28.00 10 11 While 12 If Fixed Cost Variable 2,000 13 is Cost is And Sales Volume is 3,000 4,000 5,000 Then Profitability Will Be 6,000 14 $20,000 $11 15 20,000 12 16 20,000 13. 17 30,000 11 18 30,000 12 19 30,000 13 20 40,000 11 21 40,000 12 22 40,000 13