Required information Excel Analytics 01-01 (Static) Cost Concepts (L01-2, LO1-3, L01.4) [The following information applies to the questions displayed below.) Crispin Company's sales from last year were $8 million. The company maintains no beginning or ending inventories. It assembled all of its costs from last year and would like your assistance in sorting these costs into various categories, depicting them graphically, and preparing traditional and contribution format income statements, Click here to download the Excel template which you will use to answer the questions that follow. Click here for a brief tutorial on Pivot Tables in Excel Click here for a brief tutorial on PivotCharts in Excel Click here for a brief tutorial on SUMIE in Excel. Excel Analytics 01-01 (Static) Part 4 4. Assume the company wants to adapt the information in the "Cost Summary" tab to prepare a contribution format Within the "Income Statements" tab of your template, and using the Sum IFS function to quantify all variable and fixe a. Prepare a contribution format income statement. (Hint: The cost of goods sold should include all direct materials, variable manufacturing overhead. The fixed manufacturing overhead costs should be included within the "Fixed ex the income statement.) b. Based on the contribution format income statement, what is the contribution margin? c. Based on the contribution format income statement, what is the net operating income? Complete this question by entering your answers in the tabs below. Assessment Tool Frame Reg 4A Req 48 Req 4C Prepare a contribution format income statement. (Hint: The cost of goods sold should include all direct materials, direct labo and variable manufacturing overhead. The fixed manufacturing overhead costs should be included within the "Fixed expenses portion of the income statement.) The cost of goods sold in this income statement is Req 4B > Required information Excel Analytics 01-01 (Static) Cost Concepts (L01-2, LO1-3, L01.4) [The following information applies to the questions displayed below.) Crispin Company's sales from last year were $8 million. The company maintains no beginning or ending inventories. It assembled all of its costs from last year and would like your assistance in sorting these costs into various categories, depicting them graphically, and preparing traditional and contribution format income statements, Click here to download the Excel template which you will use to answer the questions that follow. Click here for a brief tutorial on Pivot Tables in Excel Click here for a brief tutorial on PivotCharts in Excel Click here for a brief tutorial on SUMIE in Excel. Excel Analytics 01-01 (Static) Part 4 4. Assume the company wants to adapt the information in the "Cost Summary" tab to prepare a contribution format Within the "Income Statements" tab of your template, and using the Sum IFS function to quantify all variable and fixe a. Prepare a contribution format income statement. (Hint: The cost of goods sold should include all direct materials, variable manufacturing overhead. The fixed manufacturing overhead costs should be included within the "Fixed ex the income statement.) b. Based on the contribution format income statement, what is the contribution margin? c. Based on the contribution format income statement, what is the net operating income? Complete this question by entering your answers in the tabs below. Assessment Tool Frame Reg 4A Req 48 Req 4C Prepare a contribution format income statement. (Hint: The cost of goods sold should include all direct materials, direct labo and variable manufacturing overhead. The fixed manufacturing overhead costs should be included within the "Fixed expenses portion of the income statement.) The cost of goods sold in this income statement is Req 4B >
