Question: Can someone help me make an Excel spreadsheet with the answers/formulas? LAB #6 CHAPTER 6 INSTRUCTIONS: Respond to the questions below. Use Excel to calculate

Can someone help me make an Excel spreadsheet with the answers/formulas?Can someone help me make an Excel spreadsheet with the answers/formulas? LAB#6 CHAPTER 6 INSTRUCTIONS: Respond to the questions below. Use Excel to

LAB #6 CHAPTER 6 INSTRUCTIONS: Respond to the questions below. Use Excel to calculate your answers-do not do your calculations on paper and merely type your answers into your spreadsheet. When I click on your answers, I should be able to see the formula you used. In addition, rather than typing numbers into your formulas for amounts that already appear on your spreadsheet, use cell references instead OBJECTIVES Use various cost volume profit analysis tools to develop projected data. Prepare a contribution margin income statement Analyze projected data for decision making Tyrene Products manufactures recreational equipment. One of the company's products is a skateboard which has been profitable for the company in the past. The skateboards are produced in an old facility and production relies heavily on direct labor, thus variable costs are quite high. During the past year, the company sold 40,000 skateboards (see income statement on template). Management is anxious to maintain if not improve its present level of income from this product REQUIRED: 1. In the column next to the income statement on your template, show per unit amounts (exce pt for fixed costs and NI). 2. Compute the CM ratio and the break-even point in dollars and skateboards (units). 3. What is the margin of safety in dollars? What is the margin of safety percentage? Due to an increase in labor rates, the company's variable costs will increase by $3 per skateboard next year. If the selling price is not raised, what will be the new CM unit, CM ratio and break-even point in skateboards? 4. 5. Referring to the information in #4, complete the income statement on your template. Include per unit amounts (except for fixed costs and NI). nd N 6. Again, referring to the information in #4, how many skateboards will have to be sold to earn the same net operating income as last year? 7. Refer to the original data. The company is considering the construction of a new automated plant to manufacture the skateboards in order to avoid the increase in labor cost. The new plant would slash variable costs by 40%, but it would cause fixed costs to increase by 90%. If the new plant is constru cted and next year the company manufactures and sells 40,000 skateboards (the same number as last year), prepare a contribution income statement, and show appropriate per unit amounts in the designated column next to your income statement. 8. If the new plant is built, what would be the new CM/unit and new break-even point in skateboards? 9. If the new plant is built, how many skateboards will have to be sold next year to earn the same net operating income as last year

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