Just need excel formulas! thanks!

- 5 FILE HOME INSERT X Calibri - 11 Paste BIU Variable and Absorption Costing - Excel ? a PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In A A % M A Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Styles fo Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as Clipboard Font Al B D E 2 6 7 8 Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: 3 Selling price per fireplace $420 4 Manufacturing costs: 5 Variable per unit produced: Direct materials $135 Direct labor $43 Variable manufacturing overhead $37 -9 Fixed manufacturing overhead per year $210,000 10 Selling and administrative expenses: 11 Variable per unit sold $45 12 Fixed per year $190,000 13 14 Units in beginning inventory 0 15 Units produced during the year 5,000 16 Units sold during the year 4,500 17 18 Use the data to answer the following. 19 20 1. Assume the company uses variable costing: 22 Compute the unit product cost for one fireplace 23 21 Clipboard 2 6 Font Styles AL 3 fo Addison, Inc, makes a single product, an indoor fireplace. Data for last year is as D E E A B 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 30 Contribution margin 31 Fixed expenses: 32 Fixed manufacturing overhead 33 Fixed selling and administrative expenses 34 Net operating income 35 36 Compute the number of fireplaces required to breakeven 37 38 2. Assume the company uses absorption costing: 39 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 46 Gross margin 47 Selling and administrative expenses 48 Net operating income Sheet1 READY FE 100%