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 6 7 8 9 10 11 12 13 14 15 Unit Sales 9,000 16,500 6,000 19,500 4,500 27,000 3,000 7,500 9,000 15,000 10,500 1,500 3,000 6,000 12,000 150,000 Selling Price per Unit $ 29 $ 99 $ 85 $ 109 $ 19 $119 $ 39 $ 79 $ 69 $ 95 $ 59 $ 65 $ 44 $ 49 $ 89 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 $29.00 $12.40 $13.48 $61.83 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 brief tutorial on Goal Seek in Excel. Click here for a a brief tutorial on Charts in Excel. Click here for a brief tutorial on Conditional Formatting in Excel. 1 2 3 5 6 6 7 8 9 9 10 11 12 13 14 15 Total 7.500 10,500 6,000 12,000 Last Year: Unitsals Sales mix percentages Selling priceper unit Variable expense per unit 150,000 100% 9,000 6% 29.00 S 12.95 $ 16.500 11% 99.00 $ 68.55 5 6,000 4% 85.00 $ 42.50 $ S 19,500 13% 109.00 $ 85.00 $ 4,500 35 19.00 S 6.35 $ $ 27.000 18% 119.00 S 92.00 5 3,000 2% 39.00 $ 14.30 $ 9,000 6% 69.00 S S 30.36 5 15,000 10% 95.00 $ 77,60 5 1,500 1% 65.00 $ 29.00 $ 3.000 2% 44.00 $ 12.10 S 5 $ 59.00 $ $ 25 40 $ 79.00 $ 33.18 $ 49.00 $ 13.48 5 89.00 61.83 Sales Variable expenses Contribution margin Fic experses Nct operating income $ 261,300 $ 116.550 $ $ 144,450 $ 1,533,500 $ 1,131,075 510,000 $ 2.125,500 $ 255,000 1,657,300 255,000 $ 458,000 $ 85,500 $3,213,000 $ 28,575 2,494,000 56,925 $ 729,000 $ 117,00n 42,900 74,200 $ 592,500 $ 249.850 343,650 $ 521,000 $1,425,000 $ 273.240 1.164,000 347,760 $ 261,000 $ 619,500 $ 265,700 352,800 $ 97,500 $ 43,500 54,000 $ 132,000 $ 37.200 94,800 $ 502.425 $ 294,000 $ 1,058,000 $ 12,795,000 80,880 741,960 8,571,930 213,120 S 326,040 4,223,070 3,000,000 $ 1,223,070 Projections for This Year: Last year uritsales Change in unit sales Change in selling prices Change in variable peper Change in fived expenses 150,000 0%. . OX oy 0% 1 1 2 3 4 5 7 8 9 10 11 12 14 15 Total 100% 150,000 Sales mix percentages Unit sales Selling price per unit Variable expense per unit Contribution margin per unit $ $ S GM 9,000 29.00 $ 12.95 $ 16.05 5 11% 16.500 99.00 $ 68.55 S 30.15 5 4% 6,000 35.00 5 42.50 5 42.50 $ 5 13% 19,SOC 109.00 $ 85.00 $ 24.00 $ 3M 4,500 19.00 $ 6.35 S 12.65$ 18% % 27.000 119.00 S 92.00 S 27.00 $ 2% 3,000 39.00 $ 14.30 $ 24.70 S 5% 7.500 29.00 $ 33.18$ 15,82 S GM 9,000 69.00 S 30.36 S S 38.64 5 10% 15,000 95.00 $ 77.60 5 17.40 $ 7% 10,500 59.00 $ 25 40 $ 33.50 $ 1% 1,500 65.00 29.00 S 36,00 25 3.000 44.00 5 12.40 $ 31.60 $ 4% 6.000 49.00 $ 13.48 $ 35 52 5 8% 12,000 99.00 61.83 27.17 Sales Variable expenses Contribution margin Flex expenses Net operating income $ 261,aco S 116.550 $ $ 144,450 144,450 $ 1,533,500 $ 1,131,075 502,425 $ 510,000 $ 2,125,800 $ 255,000 1.657,500 255,000 $ 458,000 $ 85,500 $3,213,000 $ 22,575 2,484,000 56,925 $ $ 729,000 $ 117,000 $ 42,900 74,200 $ 592,500 $ 249.850 343,550 $ 521,000 $1,425,000 $ 273.240 1,164,000 347,760 S $ 261,000 $ 619,500 $ 266,700 352,800 $ 97,500 $ 43,500 54,000 $ 132,000 $ 37.200 94,800 $ $ 294,con $ 1,058,000 $ 12,795,000 80,880 741,950 8,571,930 213,120 $ 326,040 4,223,070 3,000,000 1,223,070 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 Q7, Q8, 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. Req 1A Reg 1B Req 1c Req 1D Req 1E Req 1F How is the amount in cell S9 calculated? Total contribution margin (cell Q9) Total unit sales (cell Q2) Total contribution margin (cell Q9) + Total unit sales (cell Q2) Total contribution margin (cell Q9) * Total unit sales (cell Q2) Total contribution margin (cell Q9) - Total unit sales (cell Q2) Req 1E Req 1F 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 6 7 8 9 10 11 12 13 14 15 Unit Sales 9,000 16,500 6,000 19,500 4,500 27,000 3,000 7,500 9,000 15,000 10,500 1,500 3,000 6,000 12,000 150,000 Selling Price per Unit $ 29 $ 99 $ 85 $ 109 $ 19 $119 $ 39 $ 79 $ 69 $ 95 $ 59 $ 65 $ 44 $ 49 $ 89 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 $29.00 $12.40 $13.48 $61.83 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 brief tutorial on Goal Seek in Excel. Click here for a a brief tutorial on Charts in Excel. Click here for a brief tutorial on Conditional Formatting in Excel. 1 2 3 5 6 6 7 8 9 9 10 11 12 13 14 15 Total 7.500 10,500 6,000 12,000 Last Year: Unitsals Sales mix percentages Selling priceper unit Variable expense per unit 150,000 100% 9,000 6% 29.00 S 12.95 $ 16.500 11% 99.00 $ 68.55 5 6,000 4% 85.00 $ 42.50 $ S 19,500 13% 109.00 $ 85.00 $ 4,500 35 19.00 S 6.35 $ $ 27.000 18% 119.00 S 92.00 5 3,000 2% 39.00 $ 14.30 $ 9,000 6% 69.00 S S 30.36 5 15,000 10% 95.00 $ 77,60 5 1,500 1% 65.00 $ 29.00 $ 3.000 2% 44.00 $ 12.10 S 5 $ 59.00 $ $ 25 40 $ 79.00 $ 33.18 $ 49.00 $ 13.48 5 89.00 61.83 Sales Variable expenses Contribution margin Fic experses Nct operating income $ 261,300 $ 116.550 $ $ 144,450 $ 1,533,500 $ 1,131,075 510,000 $ 2.125,500 $ 255,000 1,657,300 255,000 $ 458,000 $ 85,500 $3,213,000 $ 28,575 2,494,000 56,925 $ 729,000 $ 117,00n 42,900 74,200 $ 592,500 $ 249.850 343,650 $ 521,000 $1,425,000 $ 273.240 1.164,000 347,760 $ 261,000 $ 619,500 $ 265,700 352,800 $ 97,500 $ 43,500 54,000 $ 132,000 $ 37.200 94,800 $ 502.425 $ 294,000 $ 1,058,000 $ 12,795,000 80,880 741,960 8,571,930 213,120 S 326,040 4,223,070 3,000,000 $ 1,223,070 Projections for This Year: Last year uritsales Change in unit sales Change in selling prices Change in variable peper Change in fived expenses 150,000 0%. . OX oy 0% 1 1 2 3 4 5 7 8 9 10 11 12 14 15 Total 100% 150,000 Sales mix percentages Unit sales Selling price per unit Variable expense per unit Contribution margin per unit $ $ S GM 9,000 29.00 $ 12.95 $ 16.05 5 11% 16.500 99.00 $ 68.55 S 30.15 5 4% 6,000 35.00 5 42.50 5 42.50 $ 5 13% 19,SOC 109.00 $ 85.00 $ 24.00 $ 3M 4,500 19.00 $ 6.35 S 12.65$ 18% % 27.000 119.00 S 92.00 S 27.00 $ 2% 3,000 39.00 $ 14.30 $ 24.70 S 5% 7.500 29.00 $ 33.18$ 15,82 S GM 9,000 69.00 S 30.36 S S 38.64 5 10% 15,000 95.00 $ 77.60 5 17.40 $ 7% 10,500 59.00 $ 25 40 $ 33.50 $ 1% 1,500 65.00 29.00 S 36,00 25 3.000 44.00 5 12.40 $ 31.60 $ 4% 6.000 49.00 $ 13.48 $ 35 52 5 8% 12,000 99.00 61.83 27.17 Sales Variable expenses Contribution margin Flex expenses Net operating income $ 261,aco S 116.550 $ $ 144,450 144,450 $ 1,533,500 $ 1,131,075 502,425 $ 510,000 $ 2,125,800 $ 255,000 1.657,500 255,000 $ 458,000 $ 85,500 $3,213,000 $ 22,575 2,484,000 56,925 $ $ 729,000 $ 117,000 $ 42,900 74,200 $ 592,500 $ 249.850 343,550 $ 521,000 $1,425,000 $ 273.240 1,164,000 347,760 S $ 261,000 $ 619,500 $ 266,700 352,800 $ 97,500 $ 43,500 54,000 $ 132,000 $ 37.200 94,800 $ $ 294,con $ 1,058,000 $ 12,795,000 80,880 741,950 8,571,930 213,120 $ 326,040 4,223,070 3,000,000 1,223,070 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 Q7, Q8, 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. Req 1A Reg 1B Req 1c Req 1D Req 1E Req 1F How is the amount in cell S9 calculated? Total contribution margin (cell Q9) Total unit sales (cell Q2) Total contribution margin (cell Q9) + Total unit sales (cell Q2) Total contribution margin (cell Q9) * Total unit sales (cell Q2) Total contribution margin (cell Q9) - Total unit sales (cell Q2) Req 1E Req 1F