Business Finance Homework Help
Business Finance Homework Help. Excel Problems In excel
Complete problems P16A-17B , P16A-19B , P18-24A , P18-26A
Present your analysis of the assigned problems in Excel format. Enter non-numerical responses in the same worksheet using textboxes!!!
P16A-17B
Computing equivalent units
and assigning costs to completed units and ending work in process; no
beginning inventory or cost transferred in [ 30-45 min]
Sue
Electronics makes CD players in three processes: assembly, programming,
and packaging. Direct materials are added at the beginning of the
assembly process. Conversion costs are incurred evenly throughout the
process. The Assembly Department had no work in process on March 31. In
mid- April, Sue Electronics started production on 100,000 CD players. Of
this number 76,1– CD players were assembled during April and
transferred out of the Programming Dept. The A[ril 30 work in process in
the Assembly Dept. was 40% of the way through the assembly process.
Direct materials costing $375,720 were placed in production in Assembly
during April, and direct labor of $157,700 and manufacturing overhead of
$98,505 were assigned to that department.
Requirements:
1. Draw a time line for the Assembly Department.
2.
Use the time line to help you compute the number of equivalent units
and the cost per equivalent unit in the Assembly Department for April.
3.
Assign total costs in the Assembly Dept. to (a) units completed and
transferred to Programming during April and (b) units still in process
at April 30.
4. Prepare a T-account for Work in Process Inventory-
Assembly to show its activity during April, including the April 30
balance.
P18-24A E
Break even sales; sales to ear a target operating income; contribution margin income statement [30-45 min]
British
Productions performs London shows. The average show sells 1,200 tickets
at $50 per ticket. There are 120 shows a year. The average show has a
cast of 70, each earning an average of $300 per show. The cast is paid
after each show. The other variable cost is a program-printing cost of
$7 per guest. Annual fixed costs total $459,000.
Requirements:
1. Compute revenue and variable costs for each show.
2.
Use the income statement equation approach to compute the number of
shows British Productions must perform each year to break even.
3.
Use the contribution margin approach to compute the number of shows
needed each year to earn a profit of $3, 825,000. Is this profit goal
realistic? Give your reasoning. 4. Prepare British
Productions’ contribution margin income statement for 120 shows for
2011. Report only two categories of costs: variable and fixed.
P18-26A (p. 980)
Business Finance Homework Help
"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"
