Use Excel to show your work and include the formula
in the cell to show how you arrived at your figures. Round
percentages (example if 49.2, round to 49).
Background:
ABC, Inc., produces widgets. The company manufactures three
levels of widgets-Economy, Better and Best. Selected information on
the widgets is given below.
Economy
Better
Best
Selling price per widget
$40.00
$60.00
$90.00
Variable expense per widget production
$22.00
$27.00
$31.50
Selling (5% of selling price)
$2.00
$3.00
$4.50
All sales...