Problem 3-49
Name:
Instructor
NOTE: You must have the Data Analysis pack - an add-on for Excel - installed in order for the statistical
analysis to function.
The Data Analysis pack is a powerful set o
The Four Basic Financial Statements
1. BALANCE SHEET
1. BALANCE SHEET
2. INCOME STATEMENT
2. INCOME STATEMENT
INCOME
INCOME
3. . STATEMENT OF RETAINED EARNINGS
3. STATEMENT OF RETAINED EARNINGS
3. STA
Handout 2-2: Analyze each of the following transactions of World Wide Webster and
prepare the journal entry required to record the related transaction.
We can sum up the rules as follows:
Increase
Dec
Exercise 14-30
Name:
Instructor
In the gray-shaded cells, enter the appropriate amounts or fornulas, or select from the drop-down list.
An asterisk (*) will appear in the column to the right of an inc
Problem 2-47
Name:
Instructor
Enter the appropriate amount in the shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
1.
Hayward Company
Statement of Cost of G
Problem 7-54
Name:
Instructor
In the gray-shaded cells, enter the appropriate amounts or formulas.
An asterisk (*) will appear in the column to the right of an incorrect amount. Essay answers will not
Problem 3-43
Name:
Instructor
Enter the appropriate amounts in the shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
The scattergraph on the right will forma
Problem 4-53
Name: Instructor
In the gray-shaded cells, enter the appropriate amount or formula, or select the correct response from a drop-down list.
An asterisk (*) will appear in the column to the
Exercise 9-36
Name:
Instructor
Enter the appropriate amount or formula in the shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
1.
Smee Inc.
Production Budge
Problem 5-50
Name: Instructor
Enter the appropriate amounts or formulas in the shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
1.
Overhead rate =
Total Ove
Problem 5-55
Name: Instructor
In the gray-shaded cells, enter the appropriate amounts or formulas, or select the correct answer from a drop-down list.
An asterisk (*) will appear in the column to the
Problem 6-50
Name:
Instructor
In the gray-shaded cells, enter the appropriate amounts or formulas, or select the correct choice from the drop-down list.
An asterisk (*) will appear in the column to th
Exercise 16-28
Name: Instructor
Enter the appropriate amounts or formulas in the shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
1.
Current
assets
$5,400,0
Exercise 15-35
Name:
Instructor
Enter the appropriate amount or formula in the shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
Schedule of Operating Cash F
Exercise 11-36
Name:
Enter the appropriate amounts in the gray-shaded cells.
The word "Wrong" will appear below an incorrect amount.
Instructor
1. Variable overhead analysis:
Actual VOH
$259,300
Budge
Exercise 11-31
Name: Instructor
Enter the appropriate amounts or formulas in the gray-shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
1.
Flexible Budget
Co
Exercise 12-20
Name: Instructor
In the gray-shaded cells, enter the appropriate amounts or formulas.
An asterisk (*) will appear in the column to the right of an incorrect amount.
1.
2.
Sales
Less exp
Exercise 13-26
Name:
Instructor
In the gray-shaded cells, enter the appropriate amounts or formulas, or select from the drop-down list.
An asterisk (*) will appear in the column to the right of an inc
Exercise 13-35
Name: Instructor
Enter the appropriate amounts or formulas in the shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
1.
2.
Desired
profit
perce
Exercise 13-27
Name:
Instructor
Enter the appropriate amount or formula in the shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
Revenue
Less variable costs:
Exercise 14-26
Name: Instructor
Enter the appropriate amounts or formulas in the shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
1.
Payback period
2.
Inves
Exercise 14-27
Name: Instructor
In the gray-shaded cells, enter the appropriate amounts or formulas, or select from the drop-down list.
An asterisk (*) will appear in the column to the right of an inc
Problem 5-58
Name: Instructor
In the shaded cells, enter the appropriate amount or formula, or select from the drop-down list.
An asterisk (*) will appear in the column to the right or below of an inc
Problem 6-53
Name:
Instructor
Enter the appropriate amounts or formulas in the shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
Millie Company
Assembly Depa
Problem 11-43
Name:
Instructor
Enter the appropriate amounts and formulas in the shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
1.
BasicDiet
Bags
100,000
Problem 16-43
Name:
Instructor
Enter the appropriate amounts or formulas in the gray-shaded cells.
An asterisk (*) will appear in the column to the right of an incorrect amount.
Current ratio:
Current
Problem 10-43
Name: Instructor
Enter the appropriate amounts or formulas in the shaded cells. An asterisk (*) will appear in the
column to the right of an incorrect entry. Essay answers will not be gr
The Foundational 15
1.
Direct materials
Direct Labor
$
$
6.00
3.50
Variable manufacturing overhead
Variable manufacturing cost per unit
$
$
1.50
11.00
Variable manufacturing cost per unit
Number of un
%
Sales
Variable expenses
Contribution Margin
Fixed Expenses
Net operating income
1.
Total contribution margin
Total units sold
Contribution margin per unit
$
2.
Total contribution margin
Total sales
Activity Cost Pool
Activity Measure
Estimated Overhead Cost
Machining
Machine Setups
Production design
General Factory
Machine Hours
Number of Setups
Number of products
Direct Labor Hours
Activity Mea
ACCT-UB.0004 Managerial Accounting
Professor Julian Yeo
Solutions to Mid-Term I
1. Yeo Concept Kitchen is a food catering company. The company caters haute cuisine for
social events. Each event is led
#67)
1. Allowances for loans and lease losses are credit the bank extended it may not see a return on. Loans
and leases charged off may be writing off the loan that they deem they will not se any paym
33)
1. Example
2.
a. 20X0 Overstated, failing to recognize depreciation will result in
higher tax and most likely higher net income
b. 20X1 understated, because depreciation for 2 years is recognized