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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 
Maximum Points
P16A-17B 
 
Drew time line for assembly department
2
Computed the equivalent units
3
Assigned total costs in the assembling department
3
Prepared T-account for WIP inventory
3
P16A-19B
 
Drew time line for preparation department
3
Computed the equivalent units
3
Compute total costs
3
Prepared journal entry to record costs of sheets
3
Posted journal entries to WIP inventory and calculated ending balance
3
P18-24A
 
Computed revenue and VC for each show
2
Computed number of shows BP must perform to break even
3
Computed number of shows needed to earn $3,825,000 profit
3
Prepared BP’s contribution margin income statement
3
P18-26A
 
Computed Big Time’s break even revenue in dollars
3
Computed dollar revenues needed to earn OI of $11,200
3
Graphed Big Time’s CVP relationships
4
Computed new BEP if average revenues increased to $900 per trade
3
Total:
50
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