Battle Company Variable and Absorption Costing Spreadsheet Instructions Due March 10, 2021 1. Download and complete the spreadsheet found in the Variable and Absorption Costing Spreadsheet Dropbox by inserting either formulas or cell references in all of the cells highlighted yellow. Each cell that requires a formula or cell reference has a question mark in it. Originally the fixed manufacturing overhead in cell D9 is $480,000. The absorption costing net operating income should be $1,423,000 and the variable costing net operating income should be $1,391,000. 2. Check the accuracy of the formulas in your spreadsheet by changing the amount of fixed manufacturing overhead in cell D9 from $480,000 to $540,000. This should cause both of your net operating incomes to change. The absorption costing net operating income should now be $1,367,000 and the variable costing net operating income should now be $1,331,000. If the net operating incomes don't recalculate correctly, fix the errors in your spreadsheet before you submit it. You can submit either version because I will change the amount in cell D9 to check that your net operating incomes recalculate correctly. 3. Please let me know if you have any questions and upload your completed spreadsheet to the Dropbox. C D G H $ 90.00 $ $ $ $ 26.00 14.00 10.00 480,000.00 5 $ 4.00 145,000.00 60,000 56,000 2 3 Selling price per lawnchair Manufacturing costs 5 Variable per lawnchairs 6 OM 7 DL 8 Variable Manut 9 Fixed Maruf / per year 10 11 Selling and Administrative expenses 12 Variable per lawnchair) 13 Fixed Selling and Admin expense per year 14 15 townchairs produced during the year 16 lawnchairs sold during the year 17 18 Absorption Casting 19 20 Calculate Unt Product Corti 21 22 OM 23 DL 24 Variable Manuf/H 25 Fixed Manuf/H 26 Total Unit Product Cost 27 28 Absorption Corting Income Statement 29 30 Sales 31 Cost of Goods Sold 32 Gross Profit 33 Selling and Admin Expense 34 Variable Selling and Admin expense 35 Fixed Selling and Admin expense 36 Net Operating income 37 38 Variable Corting 39 40 Calculate Unit Product Cou 41 15 B C D E 7 ? ? ? 37 38 Variable Costing 39 40 Calculate Unit Product Cost: 41 42 DM 43 DL 44 Variable Manuf/ 45 Total Unit Product Cost 46 47 Variable Costing Income Statement: 48 49 Sales 50 Variable expenses 51 COGS 52 Variable Selling and Admin expense 53 Contribution Margin 54 Fred expenses SS e Manut 56 Fred Selling and Admin expense 57 Net Operating income S8 ? ? ? ? 2 2 ? 60 56 65 67 69 70 71 72 73 74 25 76 72