Excel problems | Business & Finance homework help

 

Present your analysis of the assigned problems in Excel format. Enter non-numerical responses in the same worksheet using textboxes.  3 different problems 3 tabs

 

P16a-17b

 

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, 76,100 CD players assembled during April and transferred out to the Programming Department.  The April 30 work in process in the Assembly Department was 40% of the way through the assembly process.  Direct materials costing $375,720 were placed in production in the Assembly during April, and direct labor of $157,700 and manufacturing overhead of $98,505 were assigned to that department.

 

  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 Department 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.

 

 P16a-19B

 

Root’s Exteriors produces exterior siding for homes.  The preparation department begins with wood, which is chopped into small bits.  At the end of the process, an adhesive is added.  Then the wood/adhesive mixture goes on to the Compression Department, where the wood is compressed into sheets.  Conversion costs are added evenly throughout the preparation process.  March data for the Preparation Department are as follows (in millions):

 

Sheets

 

Costs

 

Beginning work in process inventory

0 Sheets

Beginning work in process inventory

$0

Started production

3,300 Sheets

Costs adding during March:

 

Completed and transferred out to Compression in March

1,900 Sheets

Wood

2,600

 

 

Adhesives

1,365

 

 

Direct labor

640

Ending work in process inventory (45% of the way through the preparation process)

1,400 Sheets

Manufacturing overhead

2,445

 

 

Total Costs:

$7,050

 

 

 

  1. Draw a time line for the Preparation Department.

  2. Use the time line to help you compute the equivalent. (Hint: Each direct material added at a different point in the production process requires its own equivalent-unit computation.)

  3. Compute the total costs of the units (sheets)

    1. Completed and transferred out to the Compression Department

    2. In the Preparation Department’s Ending work in process inventory.

  4. Prepare the journal entry to record the cost of the sheets completed and transferred out to the Compression Department.

  5. Post the journal entries to the Work in process inventory – Preparation T-Account.  What is the ending balance?

 

 

 

P18-24a

 

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 the program-printing cost of $7 per guest.  Annual fixed costs total $459,000.

 

  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.

 

 

 

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