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), P18-26A (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.
| 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: |
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