Required information Lyndia Company is a merchandiser that sells a total of 15 products to its customers. The company provided the following Information from last year: Product 1 2 3 4 5 Selling Price per Unit $ 29 $ 99 $ 85 $109 $ 19 $119 $ 39 $ 79 $ 69 $ 95 $59 $ 65 $ 44 $ 49 $ 89 Unit Sales 9.000 16,500 6,000 19.500 4,500 27,000 3,000 7,500 9,000 15,600 10,500 1,500 3,000 6,000 12.000 150,000 Variable Cost per Unit $12.95 $68.55 $42.50 $85.00 $6.35 $92.00 $14.30 $33.18 $30.36 $77.60 $25.40 $29.se $12.40 $13.48 561.83 a 9 16 11 12 13 14 15 Last year. Lyndia's total fixed expenses and net operating income were $3,000,000 and $1,223,070, respectively. The company would like your assistance in developing some financial projections for this year. Click here to download the Excel template, which you will use to answer the questions that follow, Click here for a briefitutorial on Goal Seek in Excel Click here for a rafturilon Chariot Required information Required: 1. To confirm your understanding of the spreadsheet's design, answer the following questions with respect to last year. a. How is the percentage in cell B3 calculated? Why do you think specifying the sales mix percentages for all products is important b. How are the amounts in cells B7 B8, and B9 calculated? c. How are the amounts in cells 07.08, and Q9 calculated? d. How is the amount in cell Q11 calculated? e. How are the percentages in cells R8 and R9 calculated? f. How is the amount in cell S9 calculated? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req 1C Reg 10 Reg 1E Reg 17 How is the percentage in cell B3 calculated? Why do you think specifying the sales mix percentages for all products is important? 1a-1 Product 1's unit sales (cell B2) - Total unit Sales (cell 02) O Product 1's unit sales (cel B2) - Total unit sales (coll (2) O Product 1's unit sales (cel B2)* Total unit sales (cell 02) Product 1's unit sales (cel B2) - Total unit sales (cell (2) 1a-2. Why do you think specifying the sales mix percentages for all products is important? They are held constant when performing break-even and target profit calculations They are allowed to vary when performing break even and target profit calculations EUR How are the amounts in cells B7, 38, and B9 calculated? 1b-1. How is the amount in cell B7 calculated? Unit sales (cell B2) - Selling price (cell B4) Unit sales (cell B2) + Selling price (cell B4) OUnit sales (cell B2) * Selling price (cell B4) Unit sales (cell B2) - Selling price (cell B4) ) 16-2. How is the amount in cell B8 calculated? Unit sales (cell B2) - Variable expenses (cell B5) Unit sales (cell B2) + Variable expenses (cell B5) Unit sales (cell B2) * Variable expenses (cell B5) Unit sales (cell B2) - Variable expenses (cell B5) 1b-3. How is the amount in cell B9 calculated? CD Sales (cellB7) - Variable expenses (cell B8) - Sales (cell B7) + Variable expenses (cell B8) Sales (cell B7) x Variable expenses (cell B8) Sales (cell B7) + Variable expenses (cell B8) How are the amounts in cells Q1, Q8, aha 9 Mc-1. How is the amount in cell Q7 calculated? Sum of cells B7 through P7 Sum of cells B8 through P8 Sum of cells B9 through P9 10-2. How is the amount in cell Q8 calculated? Sum of cells B7 through P7 Sum of cells B8 through P8 Sum of cells B9 through P9 1c-3. How is the amount in cell Q9 calculated? Sum of cells B7 through P7 Sum of cells B8 through P8 Sum of cells B9 through P9 e. How are the percentages in cells R8 and R9 calculate f. How is the amount in cell S9 calculated? Complete this question by entering your answers in t Reg 1A Req 1B Reg 10 Req 1D R How is the amount in cell Q11 calculated? Total contribution margin (cell Q9) Fixed expenses (cell Q10) Total contribution margin (cell Q9) + Fixed expenses (cell Q10) Total contribution margin (cell Q9) Fixed expenses (cell Q10) Total contribution margin (cell Q9) - Fixed expenses (cell Q10)