Instructions: Complete All questions. [Question 1] Instructions: Use Microsoft Excel to perform CVP analysis using the information presented below for ABC Itd. ABC Ltd has the following details for the year ending December 31, 2009 Fixed cost Variable cost per unit Selling price per unit Production $10,000 $ 3 $ 5 2000 units per period А. Draft a schedule showing the profit and loss for each period up to ten (10) periods, increasing by 2000 units respectively. В. Draw a break-even chart from the data in this schedule clearly identifying the breakeven
Instructions: Complete All questions. [Question 1] Instructions: Use Microsoft Excel to perform CVP analysis using the information presented below for ABC Itd. ABC Ltd has the following details for the year ending December 31, 2009 Fixed cost Variable cost per unit Selling price per unit Production $10,000 $ 3 $ 5 2000 units per period А. Draft a schedule showing the profit and loss for each period up to ten (10) periods, increasing by 2000 units respectively. В. Draw a break-even chart from the data in this schedule clearly identifying the breakeven
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please assist with the attached questions.
Transcribed Image Text:3. Find the new break units and sales even under the following conditions
i. sales price inerease by 25 %
ii. variable expenses reduced by $25
iii. Fixed cost has increased by 20 %
![Instructions: Complete All questions.
[Question 1]
Instructions: Use Microsoft Excel to perform CVP analysis using the information presented
below for ABC Itd.
ABC Ltd has the following details for the year ending December 31, 2009
Fixed cost
Variable cost per unit
Selling price per unit
Production
$10,000
$ 3
$ 5
2000 units per period
Draft a schedule showing the profit and loss for each period up to ten (10) periods,
sing by 2000 units respectively.
A.
inc
В.
Draw a break-even chart from the data in this schedule clearly identifying the breakeven
point
Using the Goal Seek Function in Excel complete the following:
C.
Calculate the breakeven units and breakeven sales
D.
How many units the company needs to sell to make a profit of $8,000 and $20,000
respectively
[Question 2]
Whittier Company plans to sell 1,000 mowers at $400 each in the coming year.
Total variable expense per unit is $325. Total fixed expense is $45,000.
Required:
1. Calculate the sales revenue and units that Whittier Company must make to break
even.
2. Check your answer by preparing a contribution margin income statement
based on the break-even point calculated.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1cb2edfb-9d78-4fce-b39c-d9a0d22d3df3%2Ff44249f0-5015-49ee-88b5-ca0801811257%2Fncguqrl_processed.png&w=3840&q=75)
Transcribed Image Text:Instructions: Complete All questions.
[Question 1]
Instructions: Use Microsoft Excel to perform CVP analysis using the information presented
below for ABC Itd.
ABC Ltd has the following details for the year ending December 31, 2009
Fixed cost
Variable cost per unit
Selling price per unit
Production
$10,000
$ 3
$ 5
2000 units per period
Draft a schedule showing the profit and loss for each period up to ten (10) periods,
sing by 2000 units respectively.
A.
inc
В.
Draw a break-even chart from the data in this schedule clearly identifying the breakeven
point
Using the Goal Seek Function in Excel complete the following:
C.
Calculate the breakeven units and breakeven sales
D.
How many units the company needs to sell to make a profit of $8,000 and $20,000
respectively
[Question 2]
Whittier Company plans to sell 1,000 mowers at $400 each in the coming year.
Total variable expense per unit is $325. Total fixed expense is $45,000.
Required:
1. Calculate the sales revenue and units that Whittier Company must make to break
even.
2. Check your answer by preparing a contribution margin income statement
based on the break-even point calculated.
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