PROFF KIM NEUMAN
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week_2.docxAssignment 1: Exercises—Accounting Problems II
In this assignment, you will complete textbook problems and exercises using MyAccountingLab. The exercises and problems provide real-world examples that give you an opportunity to apply cost behavior concepts such as unit contribution margin, breakeven analysis, cost-volume-profit (CVP) analysis to various scenarios and apply cost concepts related to determining predetermined overhead rates, job order costing, and process costing.
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Assignment 1 Grading Criteria |
Maximum Points |
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Accurately calculated all required quantities and drew valid conclusions. |
50 |
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Total: |
50 |
Assignment 2: Discussion—CVP Analysis
Review Decision Case 1 (Steve and Linda Hom) starting on page 984 of your text. In your initial post, answer the two case questions:
1. Compute the annual breakeven number of meals and sales revenue for the restaurant.
2. Compute the number of meals and the amount of sales revenue needed to earn operating income of $75,600 for the year.
In addition, address the following in one to two paragraphs:
1. Identify and discuss several qualitative factors that should be considered in the decision process in addition to the quantitative data already computed in the case assignment.
2. What are the potential benefits of applying CVP analysis to business decision making?
3. Provide an example of another business scenario that could benefit from CVP analysis and explain how you would apply CVP analysis in the decision-making process.
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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. Create the file with the following name: LastnameFirstInitial_M2A3.Excel.xls.
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