need formulas

not just anwsers

example: "=SUM(B6,B7,B8)"

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 formule would output the result from cell B3, or 420 in this example 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(B6 B8) was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 215 in this example. FILE Paste Cipboard A1 HOME INSERT Calibri BIU 1 For A 11 11 Variable per unit sold 12 Fixed per year 33 PAGE LAYOUT AA 3 Selling price per fireplace 4 Manufacturing costs: 5 Variable per unit produced: 6 Direct materials 7 Direct labor S Variable manufacturing overhead 14 Jnits in beginning inventory 15 Jnits produced during the year 16 JUnits sold during the year 17 9 Fixed manufacturing overhead per year 10 Selling and administrative expenses: Variable and Absorption Costing-Excel FORMULAS F 18 Jse the data to answer the following 19 -Alignment Number Conditional Format DATA A B 1 Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows. 2 20 L. Assume the company uses variable costing: 21 22 Famate the unit mendartener for anne Brenince Formatting Table Styles Styles S Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as $420 REVIEW $135 $43 $37 5210,000 $45 $190,000 MEW 0 5,000 4,500 Ce Cells 7 Editing D Sign In E x Paste 20 Clipboard A1 Calibri BIU- B 26 Sales 27 Variable expenses: - 11 Font Y A 24 Prepare a contribution margin income statement for the year 25 READY Attematic) 44 Sales 45 Cost of goods sold 46 Gross margin A A 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 *** % A- Alignment Number Conditional Format as Cell Formatting Table Styles Styles Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as G 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 47 Selling and administrative expenses 48 Net operating income Sheet1 B HE C M Cells Editing D E 100%