Chapter 1: Applying Excel Data Sales $12,000 Variable costs: Cost of goods sold $6,000 Variable selling...
| Chapter 1: Applying Excel | ||
| Data | ||
| Sales | $12,000 | |
| Variable costs: | ||
| Cost of goods sold | $6,000 | |
| Variable selling | $600 | |
| Variable administrative | $400 | |
| Fixed costs: | ||
| Fixed selling | $2,500 | |
| Fixed administrative | $1,500 | |
| 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 | ? | |
| Fixed expenses: | ||
| Fixed selling | ? | |
| Fixed administrative | ? | ? |
| Net operating income | ? |
Homework Answers
Answer to Traditional Format Income Statement:
Answer to Contribution Format Income Statement:
Add Answer to:
Chapter 1: Applying Excel
Data
Sales
$12,000
Variable costs:
Cost of goods sold
$6,000
Variable selling...
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...
$12,000 Sales Variable costs: Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling...
$12,000 Sales Variable costs: Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative $6,000 $600 $400 $2,500 $1,500 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 Fixed expenses: Fixed selling Fixed...
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...
Help Seve & Ext Submit Required information Chapter 1: Applying Excel The Chapter 1 Form worksheet...
Help Seve & Ext Submit Required information Chapter 1: Applying Excel The Chapter 1 Form worksheet is to be used to create your own worksheet version of Exhibit 1-7 in the text Chapter 1: Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks For example, in cell C18 enter the formula "-36". After entering formulas in all of the cells that contained question marks, verify that...
Download the Applying Excel form and enter formulas in all cells that contain question markS. For...
Download the Applying Excel form and enter formulas in all cells that contain question markS. For example, in cell C18 enter the formulaB6". 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 match the numbers in Exhibit 1-7 Check your worksheet by changing the variable selling cost in the Data area to $900, keeping all of the other data the same as in...
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...
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...
For areas with “?” Please fill in with correct answer. Please include how you got that...
For areas with “?” Please fill in with correct answer. Please
include how you got that answer and the formulas used.
1 Chapter 2: Applying Excel 2 3 Data 4 Sales 5 Variable costs: $12,000 6 Cost of goods sold 7 Variable selling 8 Variable administrative $6,000 $600 $400 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 $2,500 $1,500 16...
Complete the following Income Statement and Contribution Statement. Where ever there is a "?", a formula/number...
Complete the following Income Statement and Contribution
Statement. Where ever there is a "?", a formula/number needs to be
entered.
Sales Variable costs: $12,000 Cost of goods sold Variable selling Variable administrative $6,000 $600 $400 Fixed costs: Fixed selling Fixed administrative $2,500 $1,500 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...
Chapter 1 Homework G Saved Help Save & Exit Submit Required information The Chapter 1 Form...
Chapter 1 Homework G Saved Help Save & Exit Submit Required information The Chapter 1 Form worksheet is to be used to create your own worksheet version of Exhibit 1-7 in the text. Part 1 of 2Download the Applying Excel form and enter formulas in all cells that contain question marks For example, in cell C18 enter the formula"-B6" points After entering formulas in all of the cells that contained question marks, verify that the dollar amounts in both the...
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...
$12,000 Sales Variable costs: Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative $6,000 $600 $400 $2,500 $1,500 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 Fixed expenses: Fixed selling Fixed...
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...
Help Seve & Ext Submit Required information Chapter 1: Applying Excel The Chapter 1 Form worksheet is to be used to create your own worksheet version of Exhibit 1-7 in the text Chapter 1: Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks For example, in cell C18 enter the formula "-36". After entering formulas in all of the cells that contained question marks, verify that...
Download the Applying Excel form and enter formulas in all cells that contain question markS. For example, in cell C18 enter the formulaB6". 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 match the numbers in Exhibit 1-7 Check your worksheet by changing the variable selling cost in the Data area to $900, keeping all of the other data the same as in...
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...
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...
For areas with “?” Please fill in with correct answer. Please
include how you got that answer and the formulas used.
1 Chapter 2: Applying Excel 2 3 Data 4 Sales 5 Variable costs: $12,000 6 Cost of goods sold 7 Variable selling 8 Variable administrative $6,000 $600 $400 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 $2,500 $1,500 16...
Complete the following Income Statement and Contribution
Statement. Where ever there is a "?", a formula/number needs to be
entered.
Sales Variable costs: $12,000 Cost of goods sold Variable selling Variable administrative $6,000 $600 $400 Fixed costs: Fixed selling Fixed administrative $2,500 $1,500 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...
Chapter 1 Homework G Saved Help Save & Exit Submit Required information The Chapter 1 Form worksheet is to be used to create your own worksheet version of Exhibit 1-7 in the text. Part 1 of 2Download the Applying Excel form and enter formulas in all cells that contain question marks For example, in cell C18 enter the formula"-B6" points After entering formulas in all of the cells that contained question marks, verify that the dollar amounts in both the...
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