Assignment 3: Excel Problems
At the end of each module, you will apply the module’s concepts by completing comprehensive assignments from the textbook.
Complete problems P16A-17B (p. 898), P16A-19B (p. 899), P18-24A (p. 979), P18-26A (p. 980) in your textbook.
Present your analysis of the assigned problems in Excel format. Enter non-numerical responses in the same worksheet using textboxes.
By Saturday, June 4, 2016 deliver your assignment to the M2: Assignment 3 Dropbox.
Create the file with the following name: LastnameFirstInitial_M2A3.Excel.xls.
Assignment 3 Grading Criteria
Drew time line for assembly department
Computed the equivalent units
Assigned total costs in the assembling department
Prepared T-account for WIP inventory
Drew time line for preparation department
Computed the equivalent units
Compute total costs
Prepared journal entry to record costs of sheets
Posted journal entries to WIP inventory and calculated ending balance
Computed revenue and VC for each show
Computed number of shows BP must perform to break even
Computed number of shows needed to earn $3,825,000 profit
Prepared BP’s contribution margin income statement
Computed Big Time’s break even revenue in dollars
Computed dollar revenues needed to earn OI of $11,200
Graphed Big Time’s CVP relationships
Computed new BEP if average revenues increased to $900 per trade
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