Answered step by step
Verified Expert Solution
Question
1 Approved Answer
what are the formumas to put into exc fkr 1-5?? please help Project 1: CVP Income Statement (10 points) Instructions: Prepare your solutions in Excel,
what are the formumas to put into exc fkr 1-5?? please help Project 1: CVP Income Statement (10 points) Instructions: Prepare your solutions in Excel, and upload your Excel file to Moodle by the deadline specified by your instructor. Do NOT email your filel The following information pertains to Fun in the Sun, Inc., a jet ski manufacturer: Budgeted production costs for the coming year: Direct materials per ski 575 Direct labor per ski 280 Variable overhead per ski 70 Total fixed overhead 44,850 Budgeted selling and administrative costs for the coming year: Fixed selling & admin expense $ 102,000 Sales commission per ski 75 In the coming year, Fun in the Sun plans to produce and sell 710 skis at a price of $1,330 each. Instructions for Project 1: 1. Prepare a CVP income statement. 2. Calculate the breakeven point in units and sales dollars. 3. Calculate the margin of safety. 4. Calculate the margin of safety ratio. 5. If Fun in the Sun wants to earn net income of $165,000, how many units must it sell
what are the formumas to put into exc fkr 1-5?? please help
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started