Which of the following is an INCORRECT formula in cell C18? B 1 Productive Capacity 567SAWN2 3 4 9 10 11 12 13 14 15 16 Sales Variable costs Contribution margin 8 Fixed Expenses Operating Income 1992 17 A 20 21 Fixed Budget For the year ended December 31, 2020 Per Unit $250 180 $70 Sales Variable costs % of productive capacity Units produced and sold Flexible Budget For the year ended December 31, 2020 70% 35,000 18 Contribution margin C 50,000 units Fixed expenses Operating income $8,750,000 6,300,000 2,450,000 2,500,000 ($50.000) D Total $9,375,000 6,750,000 2,625,000 2,500,000 $125,000 75% 37,500 $9,375,000 6,750,000 2,625,000 2,500,000 $125.000 80% 40,000 $10,000,000 7,200,000 2,800,000 2,500,000 $300.000
Which of the following is an INCORRECT formula in cell C18? B 1 Productive Capacity 567SAWN2 3 4 9 10 11 12 13 14 15 16 Sales Variable costs Contribution margin 8 Fixed Expenses Operating Income 1992 17 A 20 21 Fixed Budget For the year ended December 31, 2020 Per Unit $250 180 $70 Sales Variable costs % of productive capacity Units produced and sold Flexible Budget For the year ended December 31, 2020 70% 35,000 18 Contribution margin C 50,000 units Fixed expenses Operating income $8,750,000 6,300,000 2,450,000 2,500,000 ($50.000) D Total $9,375,000 6,750,000 2,625,000 2,500,000 $125,000 75% 37,500 $9,375,000 6,750,000 2,625,000 2,500,000 $125.000 80% 40,000 $10,000,000 7,200,000 2,800,000 2,500,000 $300.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: accounting
Transcribed Image Text:Which of the following is an INCORRECT formula in cell C18?
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
A
B
Productive Capacity
50,000 units
Fixed Budget
For the year ended December 31, 2020
Per Unit
$250
180
$70
Sales
Variable costs
Contribution margin
Fixed Expenses
Operating Income
Flexible Budget
For the year ended December 31, 2020
70%
35,000
% of productive capacity
Units produced and sold
Sales
Variable costs
Contribution margin
Fixed expenses
Operating income
Proy
$8,750,000
6,300,000
2,450,000
2,500,000
($50.000)
35 of 49
D
Total
$9,375,000
6,750,000
2,625,000
2,500,000
$125,000
75%
37,500
$9,375,000
6,750,000
2,625,000
2,500,000
$125.000
E
Noxt S
80%
40,000
$10,000,000
7,200,000
2,800,000
2,500,000
$300.000
Transcribed Image Text:Multiple Choice
=+C16-C17
=+C7*C14
=+(C5-C6)*C14
=+C5-C6*C14
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