Only need the answer for Question 4, i already recieved the answers for question 1,2, and 3 in an earlier submission. Instructions: Use Microsoft Excel to perform CVP analysis using the information presented below for ABC ltd. ABC Ltd has the following details for the year ending December 31, 2009 Fixed cost $10,000 Variable cost per unit $ 3 Selling price per unit $ 5 Production 2000 units per period Draft a schedule showing the profit and loss for each period up to ten (10) periods, increasing by 2000 units respectively. 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: 3. Calculate the breakeven units and breakeven sales 4. How many units the company needs to sell to make a profit of $8,000 and $20,000 respectively
Only need the answer for Question 4, i already recieved the answers for question 1,2, and 3 in an earlier submission. Instructions: Use Microsoft Excel to perform CVP analysis using the information presented below for ABC ltd. ABC Ltd has the following details for the year ending December 31, 2009 Fixed cost $10,000 Variable cost per unit $ 3 Selling price per unit $ 5 Production 2000 units per period Draft a schedule showing the profit and loss for each period up to ten (10) periods, increasing by 2000 units respectively. 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: 3. Calculate the breakeven units and breakeven sales 4. How many units the company needs to sell to make a profit of $8,000 and $20,000 respectively
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Only need the answer for Question 4, i already recieved the answers for question 1,2, and 3 in an earlier submission.
Instructions: Use Microsoft Excel to perform CVP analysis using the information presented below for ABC ltd.
ABC Ltd has the following details for the year ending December 31, 2009
Fixed cost $10,000
Variable cost per unit $ 3
Selling price per unit $ 5
Production 2000 units per period
- Draft a schedule showing the
profit and loss for each period up to ten (10) periods, increasing by 2000 units respectively. - 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:
3. Calculate the breakeven units and breakeven sales
4. How many units the company needs to sell to make a profit of $8,000 and $20,000 respectively
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education