Question: please construct a excel table and show formulas ATC 2.7 Spreadsheel Assignn- Mastering Excel Siwa Company makes and sells a decorative ceramic statue. Each statue
please construct a excel table and show formulas
ATC 2.7 Spreadsheel Assignn- Mastering Excel Siwa Company makes and sells a decorative ceramic statue. Each statue costs $50 to manufacture and sells for $75. Siwa spends $3 to ship the statue to customers and pays salespersons a $2 commission for each statue sold. The remaining annual expenses of operation are administrative salaries, $70,000 : advertisine. $20,000; and rent, $30,000. Siwa plans to sell 9,000 statues in the coming year. Required Construct a spreadsheet that shows a contribution margin format income statement and that calculates operating leverage. Place formulas in the spreadsheet to allow changes to any of the preceding information to be automatically reflected in the income statement and operating leverage Step by Step Solution
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