JPL, Inc. has provided its sales and expense data for the most recent period. The Controller has asked you prepare a spreadsheet that shows the related CVP Analysis computations. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. CVP Analysis - ExcelFILESign InHOMEINSERTPAGE LAYOUTFORMULASDATAREVIEWVIEWCalibri11A APasteBIU-Alignment NumberConditional Format asCellCellsEditingFormatting - Table- Styles-Clipboard aFontStylesA1feGiven the following information complete a CVP analysisABD16 CM ratio17 Variable expense ratio1819 2. Compute the break-even point20 Break-even in unit sales21 Break-even in dollar salesunits2223 3. Compute the margin of safety24 Margin of safety in dollars25 Margin of safety percentage2627 4. Compute the degree of operating leverage28 Sales29 Variable expenses30 Contribution margin31 Fixed expenses32 Net operating income3334 Degree of operating leverage35363738Sheet1> CVP Analysis - ExcelSign InFILEHOMEINSERTPAGE LAYOUTFORMULASDATAREVIEWVIEW-11A A%CalibriPasteBIU -A -Alignment NumberConditional Format as CellCellsEditingFormatting - Table- Styles-Clipboard GFontStylesk Given the following information complete a CVP analysisA1ABDEF1 Given the following information complete a CVA analysis2 for JPL, Inc.:34 Unit sales11,200 units5 Selling price per unit6 Variable expenses per unit7 Fixed expenses$75 per unit$45 per unit$210,0009 Use the data to answer the following.1011 1. Compute the CM ratio and variable expense ratio12 Selling price per unit13 Variable expenses per unitper unitper unit14 Contribution margin per unitper unit1516 СM ratio17 Variable expense ratio1819 2. Compute the break-even point20 Break-even in unit sales21 Break-even in dollar salesunits2223 3. Compute the margin of safety24 Margin of safety in dollars• .. Sheet1

Break even point means where there is no profit no loss. Variable cost means the cost which vary…

CM ratio Variable expense ratio 2. Compute the break-even point Break-even in unit sales units Break-even in dollar sales 3. Compute the margin of safety Margin of safety in dollars Margin of safety percentage

CM ratio Variable expense ratio 2. Compute the break-even point Break-even in unit sales units Break-even in dollar sales 3. Compute the margin of safety Margin of safety in dollars Margin of safety percentage

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter15: Ratio Analysis (ratioa)

Section: Chapter Questions

Problem 2R: The comparative financial statements of Global Technology are as follows: Open the file RATIOA from...

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The comparative financial statements of Global Technology are as follows: Open the file RATIOA from the website for this book at cengagebrain.com. Enter the formulas in the appropriate cells. Enter your name in cell A1. Save the completed model as RATIOA2. Print the worksheet when done. Also print your formulas. Check figure: Acid test (quick) ratio (cell C58), .82.
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