Question: Please only submit the excel keys for yellow boxes...Dont need the values just the excel keys for them. Preparing a Contribution Format Income Statement Using
Please only submit the excel keys for yellow boxes...Dont need the values just the excel keys for them.





Preparing a Contribution Format Income Statement Using the High-Low Method Jay Corporation has provided data from a two-year period to aid in planning. The Controller has asked you to prepare a contribution format income statement. Here are some tips for using Excel: - Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered "=B5" into a blank cell, the formula would output the value from cell B5. - Basic Math Functions: Allow 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). For example, if you entered "B4+B5" in a blank cell, the formula would add the values from those cells and output the result. - SUM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered "=SUM(C4,C5,C6)" into a blank cell, the formula would output the result of adding those three separate cells. Similarly, if you entered "=SUM(C4:C6)", the formula would output the same result of adding those cells. 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. \begin{tabular}{|l|l|r|r|} \hline 22 & 2023 & & \\ \hline 23 & Quarter 1 & $72,500 & 13,700 \\ \hline 24 & Quarter2 & $80,000 & 14,000 \\ \cline { 2 - 4 } 25 & Quarter 3 & $84,000 & 14,300 \\ \cline { 2 - 4 } 26 & Quarter 4 & $100,000 & 22,500 \\ \cline { 2 - 4 } & & & \\ \hline \end{tabular} 28 Use the data to answer the following. 29 (Use cells A4 to C26 from the given information to complete this question. All answers shou 30 32 1. Using the high-low method, determine a cost formula for shipping costs. 33 \begin{tabular}{|l|lll|} \hline 34 & & Total Cost & Units \\ \hline 35 & High level of activity & & \\ \hline 36 & Low level of activity & & \\ \hline 37 & Change in activity & & \\ \hline 38 & & & \\ \hline 39 & & & \end{tabular} 46 2. Prepare a contribution margin income statement for Quarter 1 of 2024
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