MOS3370 Managerial Accounting Goal Seeker Assignment
Lyndia Company is a merchandiser that sells a total of 15 products to its customers. The company provided the following information from last year:
| Product | Unit Sales | Selling Price per Unit | Variable Cost per Unit | ||||||
| 1 | 9,000 | $ | 29 | $ | 12.95 | ||||
| 2 | 16,500 | $ | 99 | $ | 68.55 | ||||
| 3 | 6,000 | $ | 85 | $ | 42.50 | ||||
| 4 | 19,500 | $ | 109 | $ | 85.00 | ||||
| 5 | 4,500 | $ | 19 | $ | 6.35 | ||||
| 6 | 27,000 | $ | 119 | $ | 92.00 | ||||
| 7 | 3,000 | $ | 39 | $ | 14.30 | ||||
| 8 | 7,500 | $ | 79 | $ | 33.18 | ||||
| 9 | 9,000 | $ | 69 | $ | 30.36 | ||||
| 10 | 15,000 | $ | 95 | $ | 77.60 | ||||
| 11 | 10,500 | $ | 59 | $ | 25.40 | ||||
| 12 | 1,500 | $ | 65 | $ | 29.00 | ||||
| 13 | 3,000 | $ | 44 | $ | 12.40 | ||||
| 14 | 6,000 | $ | 49 | $ | 13.48 | ||||
| 15 | 12,000 | $ | 89 | $ | 61.83 | ||||
| 150,000 | |||||||||
Last year, Lyndia’s total fixed expenses and net operating income were $3,000,000 and $1,223,070, respectively. The company would like your assistance in developing some financial projections for this year.
Click here to download the Excel template, which you will use to answer the questions that follow.
Click here for a brief tutorial on Goal Seek in Excel.
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Required:
1. To confirm your understanding of the spreadsheet’s design, answer the following questions with respect to last year:
a. How is the percentage in cell B3 calculated? Why do you think specifying the sales mix percentages for all products is important?
b. How are the amounts in cells B7, B8, and B9 calculated?
c. How are the amounts in cells Q7, Q8, and Q9 calculated?
d. How is the amount in cell Q11 calculated?
e. How are the percentages in cells R8 and R9 calculated?
f. How is the amount in cell S9 calculated?
Related: (Solution) MOS3370 Chapter 2 Practice Problems
Step by step solution with Explanation Goal Seeker Assignment
1a.
The sales mix percentage in cell B3 (6%) is calculated by dividing Product 1’s unit sales of 9,000 units (cell B2) by the …
1b.
The amount in cell B7 ($261,000) is the product of cell B2 (9,000 units) and cell B…
1c.
The amount in cell Q7 ($12,795,000) is the sum of cells B7 through P7. The amount in cell Q8 ($8,571,930) is the …
1d.
The amount in cell Q11 ($1,223,070) is the total contribution margin of …
1e.
Cell R8 shows the company’s overall variable expense ratio. It is calculated by taking the total variable expenses of $8,571,930 (cell Q8) and dividing it by the …
1f.
The amount in cell S9 is the company’s weighted-average contribution margin per unit. It is calculated by taking the total contribution margin of $4,223,070 (cell Q9) and dividing it by the …
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