Assignment 3: Excel Problems

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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 Wednesday, October 14, 2015 deliver your assignment to the M2: Assignment 3 Dropbox.

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