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This first set of questions I need first if you can do these first, Ive received the wrong answers for them twice. Enter a SUMIFS
This first set of questions I need first if you can do these first, Ive received the wrong answers for them twice.
- Enter a SUMIFS function into cell C5 on the Contribution worksheet that sums the Sales Revenue on the Sales and Cost Data worksheet based on the year that is entered into cell B1 on the Contribution worksheet. The data to be summed is in Column E on the Sales and Cost Data worksheet. The function should find a match in the Year column on the Sales and Cost Data worksheet to the year entered in cell B. The function should also find a match to the item in cell A5 (Sales Revenue) in Column C on the Sales and Cost Data worksheet. Add cell capacity to include Row 100 on the Sales and Cost Data worksheet.
- Enter a SUMIFS function into cell B7 on the Contribution worksheet that sums the variable product costs on the Sales and Cost Data worksheet. The setup of this function is identical to the SUMIFS function in step 3 with the following changes: This function should find a match to the item in cell A6 (Variable Cost) in Column C on the Sales and Cost Data worksheet. This function should also find a match to the item in cell A7 (Product) in Column D on the Sales and Cost Data worksheet. Add cell capacity to include Row 100 on the Sales and Cost Data worksheet.
- Enter a SUMIFS function into cell B8 on the Contribution worksheet that sums the variable SG&A costs on the Sales and Cost Data worksheet. The setup of this function is identical to the SUMIFS function in step 4 except this function should find a match to the item in cell A8 (SG&A) in Column D on the Sales and Cost Data worksheet. Add cell capacity to include Row 100 on the Sales and Cost Data worksheet.
- Enter a SUMIFS function into cell B12 on the Contribution worksheet that sums the fixed product costs on the Sales and Cost Data worksheet. The setup of this function is identical to the SUMIFS function in step 4 with the following changes: This function should find a match to the item in cell A11 (Fixed Cost) in Column C on the Sales and Cost Data worksheet. This function should also find a match to the item in cell A12 (Product) in Column D on the Sales and Cost Data worksheet. Add cell capacity to include Row 100 on the Sales and Cost Data worksheet.
- Enter a SUMIFS function into cell B13 on the Contribution worksheet that sums the fixed SG&A costs on the Sales and Cost Data worksheet. The setup of this function is identical to the SUMIFS function in step 8 except this function should find a match to the item in cell A13 (SG&A) in Column D on the Sales and Cost Data worksheet. Add cell capacity to include Row 100 on the Sales and Cost Data worksheet.
These Problems come after the ones above.
- Enter a formula in cell C15 that calculates the Net Operating Income. The formula should subtract the total fixed costs in cell C14 from the contribution margin in cell C10 (C10-C14).
- Enter a SUMIFS function into cell F5 on the Contribution worksheet that sums the Sales Units on the Sales and Cost Data worksheet. The setup of this function is identical to the SUMIFS function in step 3 that was used to calculate the Sales Revenue. However, this function should find a match to the item in cell E5 (Sales Units) in Column D on the Sales and Cost Data worksheet. Add cell capacity to include Row 100 on the Sales and Cost Data worksheet.
- Enter the value 60000 into cell F15 on the Contribution worksheet. The first scenario will calculate sales targets in order for the company to achieve a net operating income of $60,000
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