Question: Need some help with this, it is all from the same problem I would really appreciate it if whoever helps with the problem that they
Need some help with this, it is all from the same problem I would really appreciate it if whoever helps with the problem that they include the formulas for the cells please 





\begin{tabular}{|l|r|l|l|} \hline Chapter 6: Applying Excel & & & \\ \hline & & & \\ \hline Data & & & \\ \hline Selling price per unit & $50 & & \\ \hline Manufacturing costs: & & & \\ \hline Variable per unit produced: & & & \\ \hline Direct materials & $11 & & \\ \hline Direct labor & $6 & & \\ \hline Variable manufacturing overhead & $3 & & \\ \hline Fixed manufacturing overhead per year & $120,000 & & \\ \hline Selling and administrative expenses: & & & \\ \hline Variable per unit sold & $4 & & \\ \hline Fixed per year & $70,000 & & \\ \hline & & & \\ \hline & Year 1 & Year 2 & \\ \hline Units in beginning inventory & 0 & & \\ \hline Units produced during the year & 10,000 & 6,000 & \\ \hline Units sold during the year & 8,000 & 8,000 & \\ \hline \end{tabular} If your formulas are correct, you should get the correct answers to the following questions. (a) What is the net operating income (loss) in Year 1 under absorption costing? (Loss amounts should be indicated with a minus sign.) (b) What is the net operating income (loss) in Year 2 under absorption costing? (Loss amounts should be indicated with a minus sign.) (d) What is the net operating income (loss) in Year 2 under variable costing? (Loss amounts should be indicated with a minus sign.) (e) The net operating income (loss) under absorption costing is less than the net operating income (loss) under variable costing in Year 2 because: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Units were left over from the previous year. The cost of goods sold is always less under variable costing than under absorption costing. Sales exceeded production so some of the fixed manufacturing overhead of the period was released from inventories under absorption costing. 3. Make a note of the absorption costing net operating income (loss) in Year 2. At the end of Year 1, the company's board of directors set a target for Year 2 of net operating income of $140,000 under absorption costing. If this target is met, a hefty bonus would be paid to the CEO of the company. Keeping everything else the same from part (2) above, change the units produced in Year 2 to 5,200 units. (a) Would this change result in a bonus being paid to the CEO? Yes No (c) Would this doubling of production in Year 2 be in the best interests of the company if sales are expected to continue to be 2,800 units per year? Yes No
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