To9 88 love Syos Fier BiBu B4 7 D - F G H Req. 2 Enter the data for requirement 2 on page 285 of the textbook in the green data cells on the left of this sheet. 7 Is the net operating income under variable costing different in Year 1 and Year 2? 1 Chapter 6: Applying Excel 2 3 Data 4 Selling price per unit 5 Manufacturing costs: Variable per unit produced: 7 Direct materials 8 Direct labor 9 Variable manufacturing overhead 10 Fixed manufacluring overhead per year 11 Selling and administrative expenses 12 Variable per unit sold 13 Fixed per year ? ? ? 2 Why, or why not? ? ? Year 1 Year 2 ? ? ? ? ? 15 16 Units in beginning inventory 17 Units produced during the year 18 Units sold during the year 19 20 21 Review Problem 1: Contrasting Variable and Absorption Costing 22 23 Compute the Ending Inventory Explain the realtion between the net operating Income unser absorbtion costing and varlable costing in Year 1 Year 1 Year 2 7 7 ? ? ? ? Explain the realtion between the net operating income unser absorbtion costing and variable costing in Year 2 ? ? 25 Units in beginning inventory 26 Units produced during the year 27 Units sold during the year 28 Units in onding inventory 29 30 Compute the Absorption Costing Unit Product Cost 31 32 Direct materiale 33 Direct labor 34 Variable manufacturing overticad 35 Fixed manufacluring overhead 36 Absorption costing unit product cost A Formulas A Req 1 Cho 1 Req 2 Ch Year 1 Year 2 ? ? ? ? 7 7 ? ? ? 3 Pha 3 ch + E C - 120% TOBUL 88 by ricer DEBOL B4 7 D E F G H - - K L Year 1 7 ? 2 2 2 Year 2 7 #VALUE! ? ? 7 Year 1 Year 2 ? ? ? 2 ? ? ? 7 Year 1 Year 2 37 38 Construct the Absorption Casting Income Statement 39 40 Sales 41 Cost of goods sold 42 Cross margin 43 Selling and administrativo expenses 44 Net operating incom 45 46 Compute the Variable Costing Unit Product Cost 47 48 Direct materiale 49 Direct labor 50 Variable manufacturing overhead 51 Variable costing unit product cost 52 53 Construct the Variable Costing Income Statement 54 55 Sales 56 Variable expenses: 57 Variable cost of goods sold 58 Variable selling and administrative expenses 59 Contribution margin 60 Fixed expenses: 61 Fixed manufacturing overhead 62 Fixed selling and administrative expenses 63 Net apierating income 64 65 66 67 68 69 70 71 72 A Formulas Req 1 Che Rcq 2 Che ? 7 ? 2 ? 2 7 7 7 7 ? ? ? ? ? ? 7 2 A Rog 3 Che + EC- + 120% Required: 1. Check your worksheet by changing the units sold in the Data to 6.000 for Year 2. The cost of goods sold under absorption costing fur Year 2 strould now be $240.000. If it isn't, check cell C41. The formula in this cell should be IF(C26