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1 art 1 of 2) ook Pren on will be sent to your instructor for grading. Required information Chapter 3: Applying Excel (Algo) (L03) The Chapter 3 Form worksheet is to be used to create your own worksheet version of Extilbit 3.11 in the text. Chapter 3: Applying Excel: Excel Worksheet (Algo) (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks For example, in cell C18 enter the formula"-B6 After entering formulas in all of the cells that contained question marks, verify that the dollar amounts in both the traditional and contribution format income statements match the numbers in Exhibit 3-11 Check your worksheet by changing the variable selling cost in the Data area to $900, keeping all of the other data the same as in Exhibit 3.11. If your worksheet is operating properly, the net operating income under the traditional format income statement and under the contribution format income statement should now be $700 and the contribution margin should now be $4.700. If you do not get these answers, find the errors in your worksheet and correct them Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2. PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you ne x fx A 1 Chapter 3: Applying Excel 2 3 Data 4 Sales 5 Variable costs: K19 Cost of goods sold Variable selling Variable administrative 7 8 9 Fixed costs: 10 11 Fixed selling Fixed administrative 34 50 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 Fixed expenses: 33 Fixed selling Fixed administrative $12,000 12 13 Enter a formula into each of the cells marked with a ? below 14 Exhibit 3-11 15 16 Traditional Format Income Statement 17 Sales 18 Cost of goods sold 19 Gross margin 20 Selling and administrative expenses: 21 Selling 22 Administrative 23 Net operating income Chapter 3 Form $6,000 $600 $400 $2,500 $1,500 22 ? 222 C ? 2 2 ? ? ? ? a 20 ? D + E File 19 Home Insert Page Layout PROTECTED A Cost of goods sold Variable selling Variable administrative Fixed costs M Formulas Data Review VIEW Be careful-files from the Internet can contain viruses. Un xfx 6 Traditional Format Income Statement Sales 8 Cost of goods sold 9 Gross margin 20 Selling and administrative expenses 21 Selling 3: Fixed selling Fixed administrative 22 Administrative 23 Net operating income 24 37 3 Enter a formula into each of the cells marked with a ? below 4 Exhibit 3-11 25 Contribution Format Income Statement 26 Sales 39 27 Variable expenses 28 Cost of goods sold 29 30 31 32 Fixed expenses 33 Fixed selling 34 35 Net operating income Variable selling Variable administration i Contribution margin Fixed administrative Chapter 3 Form 20C Cloudy B $6,000 $600 $400 $2,500 $1,500 ? 2 522 2 C ? ? 2 2 22 12 ? 2 2 D TH

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