Homework Help is Here – Start Your Trial Now!
Business
Accounting
Required Complete the spreadsheet. Be sure to use formulas that will automatically calculate profitability if fixed cost, variable cost, or sales volume is changed. Spreadsheet Tips 1. Similar to basic math rules, the order of calculation within a formula is multiplication and division before addition and subtraction. Therefore, if you wish to subtract variable cost from selling price and multiply the difference by units sold, the formula must be =(B9-B15) *C12. 2. The quickest way to get the correct formulas in the area of C14 to G22 is to place the proper formula in cell C14 and then copy this formula to the entire block of C14:G22. However, the formulas must use the $ around the cell addresses to lock either the row or the column, or both. For example, the formula =2*$A$14 can be copied to any other cell and the cell reference will remain A14 because the $ symbol locks the row and column. Likewise, $A14 indicates that only the column is locked, and A$14 indicates that only the row is locked. 3. (Ungraded) You can explore the power of formulas by copying cells A9:G22 into cells A29:G42 of the scratchpad area below. There you can explore how changes to the given information (now in cells B29, A34:842, and C32:G32) are automatically reflected in the calculation of profitability. Since your formulas were created using the $ symbol, you will need to modify the formula in cell C34 and then copy this formula to the entire block of C34:G32. Selling Price $28.00

Required Complete the spreadsheet. Be sure to use formulas that will automatically calculate profitability if fixed cost, variable cost, or sales volume is changed. Spreadsheet Tips 1. Similar to basic math rules, the order of calculation within a formula is multiplication and division before addition and subtraction. Therefore, if you wish to subtract variable cost from selling price and multiply the difference by units sold, the formula must be =(B9-B15) *C12. 2. The quickest way to get the correct formulas in the area of C14 to G22 is to place the proper formula in cell C14 and then copy this formula to the entire block of C14:G22. However, the formulas must use the $ around the cell addresses to lock either the row or the column, or both. For example, the formula =2*$A$14 can be copied to any other cell and the cell reference will remain A14 because the $ symbol locks the row and column. Likewise, $A14 indicates that only the column is locked, and A$14 indicates that only the row is locked. 3. (Ungraded) You can explore the power of formulas by copying cells A9:G22 into cells A29:G42 of the scratchpad area below. There you can explore how changes to the given information (now in cells B29, A34:842, and C32:G32) are automatically reflected in the calculation of profitability. Since your formulas were created using the $ symbol, you will need to modify the formula in cell C34 and then copy this formula to the entire block of C34:G32. Selling Price $28.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
A B If Fixed Cost is $20,000 20,000 20,000 30,000 30,000 30,000 40,000 40,000 40,000 C While Variable Cost is $11 12 13 11 12 13 11 12 13 Required Complete the spreadsheet. Be sure to use formulas that will automatically calculate profitability if fixed cost, variable cost, or sales volume is changed. D 2,000 Spreadsheet Tips 1. Similar to basic math rules, the order of calculation within a formula is multiplication and division before addition and subtraction. Therefore, if you wish to subtract variable cost from selling price and multiply the difference by units sold, the formula must be =(B9-B15) * C12. 2. The quickest way to get the correct formulas in the area of C14 to G22 is to place the proper formula in cell C14 and then copy this formula to the entire block of C14:G22. However, the formulas must use the $ around the cell addresses to lock either the row or the column, or both. For example, the formula =2* $A$14 can be copied to any other cell and the cell reference will remain A14 because the $ symbol locks the row and column. Likewise, $A14 indicates that only the column is locked, and A$14 indicates that only the row is locked. $0 0 0 0 3. (Ungraded) You can explore the power of formulas by copying cells A9:G22 into cells A29:G42 of the scratchpad area below. There you can explore how changes to the given information (now in cells B29, A34:B42, and C32:G32) are automatically reflected in the calculation of profitability. Since your formulas were created using the $ symbol, you will need to modify the formula in cell C34 and then copy this formula to the entire block of C34:G32. Selling Price = $28.00 ▼ ▼ ▼ E And Sales Volume is 4,000 $0 0 0 0 0 3,000 Then Profitability Will Be ▼ Y ▼ F $0 0 0 0 0 0 0 r r ▼ ▼ 5,000 SO 0 0 0 0 0 0 0 0 G ▼ Y ▼ ▼ ▼ H 1 6,000 $0 0 0 0 0 0 0 0 0 J K L M N O P Q
Transcribed Image Text:A B If Fixed Cost is $20,000 20,000 20,000 30,000 30,000 30,000 40,000 40,000 40,000 C While Variable Cost is $11 12 13 11 12 13 11 12 13 Required Complete the spreadsheet. Be sure to use formulas that will automatically calculate profitability if fixed cost, variable cost, or sales volume is changed. D 2,000 Spreadsheet Tips 1. Similar to basic math rules, the order of calculation within a formula is multiplication and division before addition and subtraction. Therefore, if you wish to subtract variable cost from selling price and multiply the difference by units sold, the formula must be =(B9-B15) * C12. 2. The quickest way to get the correct formulas in the area of C14 to G22 is to place the proper formula in cell C14 and then copy this formula to the entire block of C14:G22. However, the formulas must use the $ around the cell addresses to lock either the row or the column, or both. For example, the formula =2* $A$14 can be copied to any other cell and the cell reference will remain A14 because the $ symbol locks the row and column. Likewise, $A14 indicates that only the column is locked, and A$14 indicates that only the row is locked. $0 0 0 0 3. (Ungraded) You can explore the power of formulas by copying cells A9:G22 into cells A29:G42 of the scratchpad area below. There you can explore how changes to the given information (now in cells B29, A34:B42, and C32:G32) are automatically reflected in the calculation of profitability. Since your formulas were created using the $ symbol, you will need to modify the formula in cell C34 and then copy this formula to the entire block of C34:G32. Selling Price = $28.00 ▼ ▼ ▼ E And Sales Volume is 4,000 $0 0 0 0 0 3,000 Then Profitability Will Be ▼ Y ▼ F $0 0 0 0 0 0 0 r r ▼ ▼ 5,000 SO 0 0 0 0 0 0 0 0 G ▼ Y ▼ ▼ ▼ H 1 6,000 $0 0 0 0 0 0 0 0 0 J K L M N O P Q
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS