Contribution Income Statements Using Excel; Sensitivity Analysis; Goal Seek
Required
1. Using the data in Exhibit 9.1, create an Excel spreadsheet to provide a sensitivity analysis of the effect on operating profit of potential changes in demand for HFI, Inc. Use Exhibits 9.2 and 9.6 as a guide.
2. Use the Goal Seek tool within Excel to determine which sales price would allow HFI to earn $100,000 operating profit, assuming that all the other cost information is the same as in Exhibit 9.1. Use Exhibit 9.5 as a guide.
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