Paste A1 x fe Chapter 2: Applying Excel 1 Chapter 2: Applying Excel 3 Data 4 Sal
ID: 2396803 • Letter: P
Question
Paste A1 x fe Chapter 2: Applying Excel 1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs: 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs 10 Fixed selling 11 Fixed administrative $12,000 $6,000 $600 $400 $2,500 $1,500 12 13 Enter a formula into each of the cells marked with a ? below 14 Exhibit 2-9 15 16 Traditional Format Income Statement 17 Sales 18 Cost of goods sold 19 Gross margin 20 Selling and administrative expenses: 21 Selling 23 Net operating income 24 25 Contribution Format Income Statement 26 Sales 27 Variable expenses: 28 Cost of goods sold 29 Variable selling 30 Variable administration 31 Contribution margin 32 Flxed expenses: 33 Fixed selling 34 Fixed administrative 35 Net operating income 36 37 38 Chapter 2 Form + ReadyExplanation / Answer
Traditional Format Income Statement
Particulars
Amount ($)
Amount ($)
Sales
12,000
Cost of goods sold
(6,000)
Gross margin
6,000
Selling and Administrative Expenses
Selling
3,100
Administrative
1,900
(5,000)
Net Operating Income
(1,000)
Contribution Format Income Statement
Particulars
Amount ($)
Amount ($)
Sales
12,000
Variable Expenses
Cost of goods sold
6,000
Variable Selling
600
Variable Administration
400
(7,000)
Contribution margin
5,000
Fixed Expenses
Fixed Selling
2,500
Fixed Administrative
1,500
(4,000)
Net Operating Income
1,000
Traditional Format Income Statement
Particulars
Amount ($)
Amount ($)
Sales
12,000
Cost of goods sold
(6,000)
Gross margin
6,000
Selling and Administrative Expenses
Selling
3,100
Administrative
1,900
(5,000)
Net Operating Income
(1,000)