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solving using excel and show formulas to solve it Frankel Ltd., a merchandising company, is the exclusive distributor of a product that is gaining rapid
solving using excel and show formulas to solve it Frankel Ltd., a merchandising company, is the exclusive distributor of a product that is gaining rapid market acceptance. The company's GAAP income statement is given on the Fall 2022 Excel Project1 (spreadsheet) data sheet tab REQUIREMENTS: - Part 1: Determine if each expense (including cost of goods sold)for the Frankel Ltd. comparative income statement are fixed, variable, or mixed. For each mixed cost use the high-low method to determine the variable cost per unit and total fixed cost for each mixed cost. - Part 2: Prepare a complete contribution margin income statement for April, May, \& June of 2022 using the data from the Data File and the calculations from Part 1 (above). - Part 3: Prepare a complete contribution margin income statement for July 2022 using 5,000 units. I have created three additional tabs on the spreadsheet, one for each of the requirements. Please complete the individual requirements on the corresponding tabs
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