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1. Now change all of the dollar amounts in the data area of your worksheet so...
1. Now change all of the dollar amounts in the data area of your worksheet so...
1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: 1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs 6 Cost of goods sold 7Variable selling 8 Variable administrative $19,000 $9,500 1,000 $800 9 Fixed costs 10 Fixed selling 11 Fixed administrative $2,500 1,500 12 If your formulas are correct, you should get the correct answers to the following questions (a) What is the gross margin...
1. Now change all of the dollar amounts in the data area of your worksheet so...
1. Now change all of the dollar amounts in the data area of your
worksheet so that it looks like this:
If your formulas are correct, you should get the correct answers
to the following questions.
(a) What is the gross margin now?(a) What is the gross margin
now?
(b) What is the net operating income now?
(c) What is the contribution margin now?
1 Chapter 2: Applying Excel $61,500 3 Data 4 Sales 5 Variable costs: 6 Cost of...
(d) When sales increase by 7%, which of the following should also increase by 7% in...
(d) When sales increase by 7%, which of the following should also increase by 7% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Variable cost Fixed cost Gross margin Contribution...
Please explain your choices? I wanted to double check to see if I understood the questions...
Please explain your choices? I wanted to double check to see if
I understood the questions correctly
(d) When sales increase by 21%, which of the following should also increase by 21% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left...
Traditional Format Sales Cost of goods sold $12,000 Selling and administrative expenses: Selling Administrative Net operating...
Traditional Format Sales Cost of goods sold $12,000 Selling and administrative expenses: Selling Administrative Net operating income $3,100 1,900 Contribution Format $12,000 Sales 6,000 Variable expenses 6,000 Cost of goods sold $6,000 Variable selling 600 Variable administrative 400 5,000 Contribution margin $ 1,000 Fixed expenses: Fixed selling 2,500 Fixed administrative 1,500 Net operating income 7,000 5,000 4,000 $ 1000 For a manufacturing company, the cost of goods sold would include some variable costs, such as direct materials, direct labor, and...
2. Change all of the numbers in the data area of your worksheet so that it...
2. Change all of the numbers in the data area of your worksheet so that it looks like this: A B с 1 Chapter 6: Applying Excel 2 3 4 $ 310 5 6 $ 133 7 Data Selling price per unit Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable per unit sold Fixed per year $ 56 8 $ 26 9 $ 183,600 10...
Chapter 2: Applying Excel Data Sales $12,000 Variable costs: Cost of goods sold Variable selling $6,000...
Chapter 2: Applying Excel Data Sales $12,000 Variable costs: Cost of goods sold Variable selling $6,000 $600 $400 Variable administrative Fixed costs: Fixed selling $2,500 $1,500 Fixed administrative Enter a formula into each of the cells marked with a ? below Exhibit 2-9 Traditional Format Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling Administrative Net operating income Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Variable selling Variable administration Contribution margin...
4 в 1 Chapter 2: Applying Excel $66,000 3 Data 4 Sales 5 Variable costs: 6...
4 в 1 Chapter 2: Applying Excel $66,000 3 Data 4 Sales 5 Variable costs: 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs: 10 Fixed selling 11 Fixed administrative 12 $37,000 $3,700 $3,500 $2,500 $1,500 If your formulas are correct, you should get the correct answers to the following questions. (a) What is the gross margin now? Gross margin (b) What is the net operating income now? Net operating income (c) What is the...
1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs: 6 Cost of goods...
1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs: 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs 10 Fixed selling 11 Fixed administrative 12 13 Enter a formula into each of the cells marked with a ? below 14 Exhibit 2-9 15 16 Traditional Format Income Statement 17 Sales 18 Cost of goods sold 19 Gross margin 20 Selling and administrative expenses $12,000 $6,000 $600 $400 $2,500 $1,500 S 12,000 6,000...
Saved Help Save & Exit mework i Required information The Chapter 1 Form worksheet is to...
Saved Help Save & Exit mework i Required information The Chapter 1 Form worksheet is to be used to create your own worksheet version of Exhibit 1-7 in the text. Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell C18 enter the formula B6" After entering formulas in all of the cells that contained question marks, verify that the dollar amounts in both the traditional and contribution format income statements...
1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: 1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs 6 Cost of goods sold 7Variable selling 8 Variable administrative $19,000 $9,500 1,000 $800 9 Fixed costs 10 Fixed selling 11 Fixed administrative $2,500 1,500 12 If your formulas are correct, you should get the correct answers to the following questions (a) What is the gross margin...
1. Now change all of the dollar amounts in the data area of your
worksheet so that it looks like this:
If your formulas are correct, you should get the correct answers
to the following questions.
(a) What is the gross margin now?(a) What is the gross margin
now?
(b) What is the net operating income now?
(c) What is the contribution margin now?
1 Chapter 2: Applying Excel $61,500 3 Data 4 Sales 5 Variable costs: 6 Cost of...
(d) When sales increase by 7%, which of the following should also increase by 7% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Variable cost Fixed cost Gross margin Contribution...
Please explain your choices? I wanted to double check to see if
I understood the questions correctly
(d) When sales increase by 21%, which of the following should also increase by 21% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left...
Traditional Format Sales Cost of goods sold $12,000 Selling and administrative expenses: Selling Administrative Net operating income $3,100 1,900 Contribution Format $12,000 Sales 6,000 Variable expenses 6,000 Cost of goods sold $6,000 Variable selling 600 Variable administrative 400 5,000 Contribution margin $ 1,000 Fixed expenses: Fixed selling 2,500 Fixed administrative 1,500 Net operating income 7,000 5,000 4,000 $ 1000 For a manufacturing company, the cost of goods sold would include some variable costs, such as direct materials, direct labor, and...
2. Change all of the numbers in the data area of your worksheet so that it looks like this: A B с 1 Chapter 6: Applying Excel 2 3 4 $ 310 5 6 $ 133 7 Data Selling price per unit Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable per unit sold Fixed per year $ 56 8 $ 26 9 $ 183,600 10...
Chapter 2: Applying Excel Data Sales $12,000 Variable costs: Cost of goods sold Variable selling $6,000 $600 $400 Variable administrative Fixed costs: Fixed selling $2,500 $1,500 Fixed administrative Enter a formula into each of the cells marked with a ? below Exhibit 2-9 Traditional Format Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling Administrative Net operating income Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Variable selling Variable administration Contribution margin...
4 в 1 Chapter 2: Applying Excel $66,000 3 Data 4 Sales 5 Variable costs: 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs: 10 Fixed selling 11 Fixed administrative 12 $37,000 $3,700 $3,500 $2,500 $1,500 If your formulas are correct, you should get the correct answers to the following questions. (a) What is the gross margin now? Gross margin (b) What is the net operating income now? Net operating income (c) What is the...
1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs: 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs 10 Fixed selling 11 Fixed administrative 12 13 Enter a formula into each of the cells marked with a ? below 14 Exhibit 2-9 15 16 Traditional Format Income Statement 17 Sales 18 Cost of goods sold 19 Gross margin 20 Selling and administrative expenses $12,000 $6,000 $600 $400 $2,500 $1,500 S 12,000 6,000...
Saved Help Save & Exit mework i Required information The Chapter 1 Form worksheet is to be used to create your own worksheet version of Exhibit 1-7 in the text. Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell C18 enter the formula B6" After entering formulas in all of the cells that contained question marks, verify that the dollar amounts in both the traditional and contribution format income statements...
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