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Use Data Tables to perform a Sensitivity Analysis . Assume you are starting a lawn service business. You estimate that you can mow 1,200 lawns
Use Data Tables to perform a Sensitivity Analysis. | |||||||
Assume you are starting a lawn service business. You estimate that you can | |||||||
mow 1,200 lawns per year with the personnel you have. Determine the profit at each price per lawn and cost per lawn using the estimates below (Revenue - Total Variable Costs - Fixed Costs). |
Please example how step by step using excel formulas.
Lawns | 1,200 | ||||||
Price charged per Lawn | $50.00 | ||||||
Cost per Lawn (Labor & Gas) | $24.00 | ||||||
Fixed Overhead Costs | $30,000 | ||||||
Cost per unit | |||||||
$20.00 | $22.00 | $24.00 | $26.00 | $28.00 | $30.00 | ||
Price charged per lawn | $35.00 | ||||||
$40.00 | |||||||
$45.00 | |||||||
$50.00 | |||||||
$55.00 | |||||||
$60.00 |
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