All are correct except numbers 28, 30, and 45. Need formulas for those three.

Variable and Absorption Costing using Excel's SUM and Basic Math Functions Addison, Inc. makes a single product, an indoor fireplace, and has provided data from last year of operations. The Controller has asked you to compare income statements if the company used the variable costing approach vs. the absorption costing report. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, "-83" was entered, the formula would output the result from cell B3, or 420 in this exemple. Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add),- (minus sign to subtract), * (asterisk sign to multiply), and/ (forward slash to divide). From the Excel Simulation below, if in a blank cell-815+816" was entered, the formula would add the values from those cells and output the result, or 9,500 in this example. If using the other math symbols the result would output an appropriate answer for its function. SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell "SUM(B6,87,88)" was entered, the formula would output the result of adding those three separate cells, or 215 in this example. Similarly, if in a blank cell -SUM(86:88) was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formule, and the result would be 215 in this example. 0 B FILE Normal Page Break Page Custom Preview Layout Views Workbook Views C30 HOME INSERT E 7 8 X 3 Selling price per fireplace 4 Manufacturing costs: 5 Variable per unit produced: 6 Direct materials Direct labor PAGE LAYOUT Ruler Formula Bar Gridlines Headings Variable and Absorption Costing - Excel FORMULAS DATA REVIEW Show Variable manufacturing overhead 9 Fixed manufacturing overhead per year 10 Selling and administrative expenses: A B 1 Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: 2 11 Variable per unit sold 12 Fixed per year 13 14 Units in beginning inventory 15 Units produced during the year 16 Units sold during the year 17 18 Use the data to answer the following. 19 20 1. Assume the company uses variable costing: Zoom 100% Zoom to Window Macros Selection Zoom $420 $135 $43 $37 $210,000 VIEW $45 $190,000 0 5,000 4,500 Macros D ? - 6 X Sign In E Norman raye eax rays Lustum Gridlines Headings Preview Layout Views Workbook Views C30 X fx 21 22 Compute the unit product cost for one fireplace 23 30 Contribution margin 31 Fixed expenses: A Show 24 Prepare a contribution margin income statement for the year 25 26 Sales 27 Variable expenses: 28 Variable cost of goods sold 29 Variable selling and administrative expenses 34 Net operating income 35 32 Fixed manufacturing overhead 33 Fixed selling and administrative expenses 36 Compute the number of fireplaces required to breakeven 37 38 2. Assume the company uses absorption costing: 39 Sheet1 40 Compute the unit product cost for one fireplace 41 42 Prepare an income statement for the year 43 44 Sales 45 Cost of goods sold Zoom 1UKPA B Zoom Selection 2)-((B15-B16) B22) 202,500 210,000 190,000 $ $ $ $ 1 $ Window Macros C Macros 215 1,890,000 1,170,000 400,000 320,000 2,500 257 1,890,000 +(B15 B40)-(B15-B16) B40 D B > D 43 44 Sales 45 Cost of goods sold 46 Gross margin 47 Selling and administrative expenses 48 Net operating income 49 50 51 $ 1,890,000 =+(B15 B40)-(B15-B16) B40 733,500 392,500 341,000 $