Question: On the Data Tables - Student tab in your Excel spreadsheet, update the given information section of the Income Statement for Hello Company with

On the Data Tables - Student tab in your Excel spreadsheet, update the given information section of the Income Statement for Hello Company with the data below: Max Income Statement Product A rt 2 of 2 Units Price per unit 40,000 $11.00 Variable expense per unit $ 3.00 Product B 7,000 $ 9.00 $ 3.00 Total Fixed Costs $20,000 $40,000 Product C 3,000 $ 60.00 $ 20.00 $10,000 Capacity 50,000 nts Required: 015324 2. Using the Data Table What-If Analysis tool in Excel, determine the Units and Operating Income (Loss) for each product based on the following scenarios. (Hint: Don't forget that the warehouse can only hold up to 50,000 units.) Scenario 1: Pete wants to find the mix of units that will result in the highest overall Operating Income, perform this analysis using a two variable data table. Product A can vary between 37,000 units and a maximum of 42,000 units. Product B can vary between 5,000 units and a maximum of 10,000 units. Both Products A and B are manufactured in 1,000-unit increments. The production level of Product C is the same each month at 3,000 units. Answer is complete and correct. Operating SCENARIO 1 Units Income (Loss) Product A 42,000 s 316,000 Product B Product C 5,000 (10,000) 3,000 $ 50,000 110,000 416,000 Scenario 2: Pete wants each product line in the mix to be profitable. Use a One Variable Data Table and then determine the number of units for each product that should be produced (to the nearest thousand) to make each product line profitable. Answer is complete but not entirely correct. SCENARIO 2 Units Operating Income (Loss) Product A Product B 30,000 $ 292,000 8,000 $ 8,000 00
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