A B D E F G H 1 Formula: Subtract; Cell Referencing 2 3 BE4.2 - Using Excel to Calculate Contribution Margin 4 PROBLEM 5 The local ice cream shop sells single-scoop cones. The store 6 employs a manager plus one full-time and two part-time 7 employees, and also incurs costs for labor, rent, and insurance. 8 Information concerning operations follows. Selling price of single-scoop cones Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. What is the contribution margin per unit of a single-scoop cone? Contribution margin per unit 9 10 $ 2.00 11 Unit cost of ice cream per scoop 0.25 12 Unit cost of cone 0.05 13 Monthly labor costs (salaries) 3,500 14 Monthly rent and insurance cost 500 15 16 17 18 19 20

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1 Formula: Subtract; Cell Referencing
2
3 BE4.2 - Using Excel to Calculate Contribution Margin
4
PROBLEM
5 The local ice cream shop sells single-scoop cones. The store
6 employs a manager plus one full-time and two part-time
7 employees, and also incurs costs for labor, rent, and insurance.
8 Information concerning operations follows.
Selling price of single-scoop cones
Student Work Area
Required: Provide input into cells shaded in yellow in this template. Input
the required mathematical formulas or functions with cell references to the
Problem area or work area as indicated.
What is the contribution margin per unit of a single-scoop cone?
Contribution margin per unit
9
10
$
2.00
11
Unit cost of ice cream per scoop
0.25
12
Unit cost of cone
0.05
13
Monthly labor costs (salaries)
3,500
14
Monthly rent and insurance cost
500
15
16
17
18
19
20
Transcribed Image Text:A B D E F G H 1 Formula: Subtract; Cell Referencing 2 3 BE4.2 - Using Excel to Calculate Contribution Margin 4 PROBLEM 5 The local ice cream shop sells single-scoop cones. The store 6 employs a manager plus one full-time and two part-time 7 employees, and also incurs costs for labor, rent, and insurance. 8 Information concerning operations follows. Selling price of single-scoop cones Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. What is the contribution margin per unit of a single-scoop cone? Contribution margin per unit 9 10 $ 2.00 11 Unit cost of ice cream per scoop 0.25 12 Unit cost of cone 0.05 13 Monthly labor costs (salaries) 3,500 14 Monthly rent and insurance cost 500 15 16 17 18 19 20
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