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Required information Chapter 6: Applying Excel: Excel Worksheet (Part 1 of 2) (Algo) Step 1: Download the Applying Excel form located on the lon-hand side

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Required information Chapter 6: Applying Excel: Excel Worksheet (Part 1 of 2) (Algo) Step 1: Download the Applying Excel form located on the lon-hand side under files you have trouble, the file is also located in D2 under Course Files and Resources Step 2: Then enter formulas in all cells that contain question marks. For example, in cell 013 enter the formula - Bs. Alter entering formulas In all the cells that contained question marks, verify that the dollar amounts match the example in the text. Step 3: Check your worksheet by changing the fixed expenses to $270,000. your worksheet is operating properly, the degree of operating leverage should be 10. If you do not get this answer, find the errors in your worksheet and correct them, Step 4: Proceed to the requirements below only after completing your worksheet as it will be used to answer the following questions. 2. Change all of the numbers in the data area of your worksheet so that it looks like this: B Chapter 6: Applying Excel 1 2 3 4 5 6 7 Data Unit sales Selling price per unit Variable expenses per unit Fixed expenses 50,000 units $ 10 per unit $ 4 per unit $ 150,000 on If your formulas are correct, you should get the correct answers to the following questions. (a) What is the break-even in dollar sales? Break-even in dollar sales (b) What is the margin of safety percentage? Margin of safety percentage % (c) What is the degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage

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