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Sheet1

	P16A-17B
1	Draw a time line for assembly department		Time Line for Assembly Department
			Units Started		Transferred out		WIP at end completed		Direct material	Direct Labor	Manufacturing Overhead
			100,000		76,100		40%		375,720	157,700	98,505
2	Computed the equivalent units
	Sue Electronics
	Cost per Equivalent Unit - Assembly Department
	For the month ended April 30
			Direct material		Conversion Cost		Total
	Units completed and transferred out		76,100		76,100
	WIP ending		23,900		9,560
			100,000		85,660
	Cost added
	Direct material		375,720
	Direct Labor & Mfg. OH				256,205
	Cost per unit		3.76		2.99		6.75
3	Assigned total costs in the assembling department
	Sue Electronics
	Assignment of total cost - Assembly department
	For the month ended April 30
			Direct material		Conversion Cost		Total
	Units completed and transferred out		285,923		227,611		513,534
	WIP ending		89,797		28,594		118,391
	Total cost accounted for		375,720		256,205		631,925
4	Prepared T-account for WIP inventory
			Work in Process Inventory - Assembly
			Opening Balance		- 0		Transferred Out		513,534
			Direct Materials		375,720		WIP ending		118,391
			Direct Labor		157,700
			Manufacturing Overhead		98,505
					631,925				631,925
	P16A-19B
1	Timeline for Preparation Department
			Timeline for Preparation Department
			Beginning WIP		Started Production(Sheets)		Completed and transferred to Compression in March		Ending WIP	Cost Adding during march	Wood	Adhesive	Direct Labor	manufacturing Overheads	Total Costs
			0		3300		1900		1400		$ 2,600	$ 1,365	$ 640	$ 2,445	$ 7,050
2	Computed the equivalent units
			Wood		Adhesive		Conversion Cost		Total
	Units completed and transferred out		1,900		1,900		1900
	WIP ending		1,400		1,400		630
			3,300		3,300		2,530
	Cost added
	Direct Material		2,600		1365
	Direct Labor & Mfg. OH						3085
	Cost per unit		0.79		0.41		1.22		2.42
3	Assigned Total Costs
			Wood		Adhesive		Conversion Cost		Total
	Units completed and transferred out		1,497		786	- 0	2,317		4,600
	WIP ending		1,103		579	- 0	768		2,450
			2,600		1,365	- 0	3,085	- 0	7,050
4	Journal Entries
	WIP Inventory- Preparation Dept.		7,050
	Material Inventory				3965
	Wages Payable				640
	Manufacturing OH				2445
	WIP Inventory-Compression Dep't.		4,600
	WIP Inventory- Preparation Dep't.				4600
5	Prepared T-account for WIP inventory
			Work in Process Inventory - Preparation
			Opening Balance				Transferred Out		4,600
			Direct Materials		3965		WIP ending		2,450
			Direct Labor		640
			Manufacturing Overhead		2445
					7,050				7,050
	P18-24A
1	Computed revenue and VC for each show
	Revenue 1250*50		$ 62,500
	Variable Costs
	Cast Earnings		21,000
	Program Printing Cost		8,400
	Total Variable Costs each show		$ 29,400
	Contribution Margin Each show		33,100
2	Computed number of shows BP must perform to break even
	Break Even=FC/CM		14		Shows
	459000/33100
3	Computed number of shows needed to earn $3,825,000 profit
	Desired Profits		$ 3,825,000
	Fixed Costs		459,000
	desired Contribution Margin		4,284,000
	Required No. of Shows		130
4	Prepared BP’s contribution margin income statement
	No. of shows		130
	Revenue 1250*50*130		$ 8,125,000
	Variable Costs
	Cast Earnings		2,730,000
	Program Printing Cost		1,092,000
	Total Variable Costs		$ 3,822,000
	Contribution Margin Total		4,303,000
	Fixed Costs		459,000
	Profits		$ 3,844,000
	P18-26A
1	Computed Big Time’s break even revenue in dollars
	Average trade Revenue		$ 800
	Variable Costs:
	payment to financial Planner		9%
	Advertising		12%
	Supplies & Postage		4%
	Usage Fee		5%
	Total variable Costs		30%
	Fixed Costs
	Office Rent		8,200
	Depreciation		1,500
	Utilities		2,300
	Special telephone Line		1,300
	Brokerage		2,900
	Salary		11,800
	Total Monthly Fixed Cost		28,000
	Average trade Revenue		$ 800
	Total variable Costs		240
	CM		560
	CM Ratio		70%
	BEP In Dollars= FC/CM Ratio		$ 40,000
2	Computed dollar revenues needed to earn OI of $11,200
	Sales Revenue =		OI +		FC +		VC
	56,000		11,200		28000		16800
3	Graphed Big Time’s CVP relationships
			No. of Trades		Trade Revenue		Total Costs
			30		24,000		35200
			40		32,000		37600
			50		40,000		40000
			60		48,000		42400
			70		56,000		44800
			80		64,000		47200
			90		72,000		49600
4	Computed new BEP if average revenues increased to $900 per trade
	Average trade Revenue		$ 900
	Total variable Costs		270
	CM		630
	CM Ratio		70%
	BEP In Dollars= FC/CM Ratio		$ 40,000
	As there is no change in variable cost resulting no change in CM Ratio BEP in dollars will remain same but BEP in units (Trade) will come down as there is increase in revenue per trade.

30.0 40.0 50.0 60.0 70.0 80.0 90.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 24000.0 32000.0 40000.0 48000.0 56000.0 64000.0 72000.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 35200.0 37600.0 40000.0 42400.0 44800.0 47200.0 49600.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0

No.of Trades

Total revenue