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1 2 Stanley Manufacturing Company, which sold 16,000 units of product at $20 per unit, collected the following information regarding three different levels of production. 16,000 $ 3 4 Required 5 a. Complete the spreadsheet below. 6 7 8 9 10 Spreadsheet Tip Explore the power of formulas by copying cells A10:D29 and cell H2 into the scratchpad area below. There you will be able to modify the given information (currently in cells B11:D12, B14:D14 and H2) and see the resulting changes. You will need to modify any formulas in which you used a "$" to reflect the new cell reference and the formulas for "Sales" to reference the new location of cell H2. 11 Fixed Overhead 12 Number of Units Produced 13 Fixed Overhead Per Unit Inventory Costs $ 100,000 $ 100,000 $ 100,000 16,000 20,000 25,000 14 Variable Manufacturing Costs 12.00 12.00 12.00 15 Full Absorption Production Cost Per Unit 16 17 Absorption Income Statements 18 Level of Production 19 Sales 20 Cost of Goods Sold 21 Gross Margin 22 23 Variable Costing Income Statements 24 Level of Production 25 Sales Variable Cost of Goods Sold Contribution Margin 26 27 28 Fixed Costs 29 Net Income 30 20 20

1 2 Stanley Manufacturing Company, which sold 16,000 units of product at $20 per unit, collected the following information regarding three different levels of production. 16,000 $ 3 4 Required 5 a. Complete the spreadsheet below. 6 7 8 9 10 Spreadsheet Tip Explore the power of formulas by copying cells A10:D29 and cell H2 into the scratchpad area below. There you will be able to modify the given information (currently in cells B11:D12, B14:D14 and H2) and see the resulting changes. You will need to modify any formulas in which you used a "$" to reflect the new cell reference and the formulas for "Sales" to reference the new location of cell H2. 11 Fixed Overhead 12 Number of Units Produced 13 Fixed Overhead Per Unit Inventory Costs $ 100,000 $ 100,000 $ 100,000 16,000 20,000 25,000 14 Variable Manufacturing Costs 12.00 12.00 12.00 15 Full Absorption Production Cost Per Unit 16 17 Absorption Income Statements 18 Level of Production 19 Sales 20 Cost of Goods Sold 21 Gross Margin 22 23 Variable Costing Income Statements 24 Level of Production 25 Sales Variable Cost of Goods Sold Contribution Margin 26 27 28 Fixed Costs 29 Net Income 30 20 20

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1 2 Stanley Manufacturing Company, which sold 16,000 units of product at $20 per unit, collected the following information regarding three different levels of production. 16,000 $ 3 4 Required 5 a. Complete the spreadsheet below. 6 7 8 9 10 Spreadsheet Tip Explore the power of formulas by copying cells A10:D29 and cell H2 into the scratchpad area below. There you will be able to modify the given information (currently in cells B11:D12, B14:D14 and H2) and see the resulting changes. You will need to modify any formulas in which you used a "$" to reflect the new cell reference and the formulas for "Sales" to reference the new location of cell H2. 11 Fixed Overhead 12 Number of Units Produced 13 Fixed Overhead Per Unit Inventory Costs $ 100,000 $ 100,000 $ 100,000 16,000 20,000 25,000 14 Variable Manufacturing Costs 12.00 12.00 12.00 15 Full Absorption Production Cost Per Unit 16 17 Absorption Income Statements 18 Level of Production 19 Sales 20 Cost of Goods Sold 21 Gross Margin 22 23 Variable Costing Income Statements 24 Level of Production 25 Sales Variable Cost of Goods Sold Contribution Margin 26 27 28 Fixed Costs 29 Net Income 30 20 20
Transcribed Image Text:1 2 Stanley Manufacturing Company, which sold 16,000 units of product at $20 per unit, collected the following information regarding three different levels of production. 16,000 $ 3 4 Required 5 a. Complete the spreadsheet below. 6 7 8 9 10 Spreadsheet Tip Explore the power of formulas by copying cells A10:D29 and cell H2 into the scratchpad area below. There you will be able to modify the given information (currently in cells B11:D12, B14:D14 and H2) and see the resulting changes. You will need to modify any formulas in which you used a "$" to reflect the new cell reference and the formulas for "Sales" to reference the new location of cell H2. 11 Fixed Overhead 12 Number of Units Produced 13 Fixed Overhead Per Unit Inventory Costs $ 100,000 $ 100,000 $ 100,000 16,000 20,000 25,000 14 Variable Manufacturing Costs 12.00 12.00 12.00 15 Full Absorption Production Cost Per Unit 16 17 Absorption Income Statements 18 Level of Production 19 Sales 20 Cost of Goods Sold 21 Gross Margin 22 23 Variable Costing Income Statements 24 Level of Production 25 Sales Variable Cost of Goods Sold Contribution Margin 26 27 28 Fixed Costs 29 Net Income 30 20 20
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