Please use show cell references and formulas, not just the results, Thanks!

1. Download and complete the spreadsheet found in the Variable and Absorption Costing Spreadsheet Dropbox by inserting either formulas or cell references in all of the cells highlighted yellow. Each cell that requires a formula or cell reference has a question mark in it. Originally the fixed manufacturing overhead in cell 09 is $480,000. The absorption costing net operating income should be $1,423,000 and the variable costing net operating income should be $1,391,000. 2. Check the accuracy of the formulas in your spreadsheet by changing the amount of fixed manufacturing overhead in cell D9 from $480,000 to $540,000. This should cause both of your net operating incomes to change. The absorption costing net operating income should now be $1,367,000 and the variable costing net operating income should now be $1,331,000. If the net operating incomes don't recalculate correctly, fix the errors in your spreadsheet before you submit it. You can submit either version because I will change the amount in cell D9 to check that your net operating incomes recalculate correctly. 3. Please let me know if you have any questions and upload your completed spreadsheet to the Dropbox. 1 Battle Company produces and sells a single product, a wooden lawnchair. Costs and operating data are given below: 2 3 Selling price per lawnchale $ 90.00 4 Manufacturing costs 5 variable per lawnchair) 6 OM $ 26.00 7 DL $ 14.00 8 Variable Manut $ 10.00 9 Feed Manufa per year $ 480,000.00 10 11 Selling and Administrative expenses 12 Variable (per lawnchair) $ 4.00 13 Fund Selling and Admin expense per year $ 145,000.00 60,000 56,000 15 Lawnchairs produced during the year 16 Lawnchairs sold during the year 17 18 Absorption Costing 19 20 Calculate Unit Product Cost: 21 22 OM 23 DL 24 Variable Manuf/ 25 Feed Man 26 Total Unit Product Cost 2 2 ? > 28 Absorption Costing Income Statement: 29 30 Sales 31 Cost of Goods Sold 32 Gross Profit 33 Selling and Admin Expense: 34 Variable Selling and Admin expense 35 Fred Selling and Adminexpense 36 Net Operating Income 37 38 Valable Costine Calculate Unit Product Cost: ? ? ? ROM 3 OL Variable Manut 5 Total Unit Product Cost 5 Variable Costing Income Statement: ? ? ? ? Variable expenses 1 COGS 2 Variable Selling and Adminexpense 3 Contribution Margin 4 Fixed expenses 5 Fixed Manuf/H 6 Fixed Selling and Admin expense 7 Net Operating income -8 8 2 2