Help Seve Exit Required information The Chapter 5 Form worksheet is to be used to create your own worksheet version of the Review Problem example in the text. Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B13 enter the formula - 25". After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the example in the text. Check your worksheet by changing the fixed expenses to $270,000. If your worksheet is operating properly, the degree of operating leverage should be 10. If you do not get this answer, find the errors in your worksheet and correct them Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2. download reference file your response Chapter 5 Applying_Excel Student Form.xls excel Exlsx remove This question will be sent to your instructor for grading. Prev 1 2 of 2 : Next > Chapter 5 Form Chapter 5: Applying Excel Data Unit sales Selling price per unit Variable expenses per unit Fixed expenses 20,000 units $60 per unit $45 per unit $240,000 Enter a formula into each of the calls marked with a ? below Review Problem: CVP Relationships Compute the CM ratio and variable expense ratio Selling price per unit Variable expenses per unit Contribution margin unit 2 per unit 2 per unit ? per unit CM ratio Variable expense ratio 2 2 Compute the break-even Break-even in unit sales Break-even in dollar sales 2 units 2 Compute the margin of safety Margin of safety in dollars Margin of safety percentage ? ? Compute the degree of operating leverage Sales Variable expenses Contribution margin Fixed expenses Net operating Income ? 2 ? ? ? ? Degree of operating leverage Reminders of 2 Required information The Chapter 5 Form worksheet is to be used to create your own worksheet version of the Review Problem example in the text. 2. Change all of the numbers in the data area of your worksheet so that it looks like this: SR:05 B 1 Chapter 5: Applying Excel 2 3 ok 5 Data Unit sales Selling price per unit Variable expenses per unit Fixed expenses 70,000 units $ 50 per unit $ 35 per unit $ 840,000 6 int 7 ences If your formulas are correct, you should get the correct answers to the following questions. (a) What is the break-even in dollar sales? Brenden in dollar sales th 5 til 2 Required information (b) What is the margin of safety percentage? art 2 of 2 anta Osta (4) What is the degree of operating leverage? (Round your answer to 2 decimal places.) e look Dege of operating leverage Print rences 3. Using the degree of operating leverage and without changing anything in your worksheet, calculate the percentage change in net operating income if unit sales increase by 20%. Percentage increase in net operating income 4. Confirm your calculations in Requirement 3 above by increasing the unit sales in your worksheet by 20% so that the Data area looks like this: