At the end of each module, you will apply the module’s concepts by completing comprehensive assignments from the textbook.

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.

  

P16A-17B  

2

3

3

3

P16A-19B 

3

Computed the equivalent units3

3

3

3

 

2

3

3

3

P18-26A 

3

3

4

3

Assignment 3 Grading Criteria	Maximum Points
Drew time line for assembly department
	Computed the equivalent units
Assigned total costs in the assembling department
Prepared T-account for WIP inventory
Drew time line for preparation department
Compute total costs
Prepared journal entry to record costs of sheets
Posted journal entries to WIP inventory and calculated ending balance
P18-24A
Computed revenue and VC for each show
Computed number of shows BP must perform to break even
Computed number of shows needed to earn $3,825,000 profit
Prepared BP’s contribution margin income statement
Computed Big Time’s break even revenue in dollars
Computed dollar revenues needed to earn OI of $11,200
Graphed Big Time’s CVP relationships
Computed new BEP if average revenues increased to $900 per trade
Total:

B Problems

-45 min

Complete

Units

Root’s Exteriors
Preparation Department

Month Ended March 31

Conversion
Flow of Production Wood Adhesives Costs

Root’s Exteriors
Preparation Department

Month Ended March 31

Wood Adhesives

(

+ )

Wood ×
Adhesives

×

0

P16A-19B(3

0

)

Req. 1

Start

Complete

Req. 2

Root’s Exteriors

Preparation Department

Equivalent Unit Computation

Month Ended March 31

Flow of

Equivalent

Units

Physical

Conversion

Flow of Production

Wood

Adhesives

Costs

Units accounted for:

Equivalent units

Req. 3

Cost per Equivalent Unit

Cost per equivalent unit

Cost Assignment

Conversion Costs

Total

a. Completed and transferred out

×

+

b. Ending work in process, Mar 31:

Conversion costs

Total ending work in process inventory

Total cost accounted for

Req. 4

Journal Entry

Date

Accounts

Debit

Credit

Work in process inventory–Preparation

Bal., Feb 28

B Problems

–45 min

Complete

Sue Electronics
Assembly Department

Month Ended April 30

Flow of Production Direct
Materials Conversion
Costs

Sue Electronics
Assembly Department

Month Ended April 30

(

)

×

×

0

P16A-17B(3

0

)

Req. 1

Start

Complete

Req. 2

Sue Electronics

Assembly Department

Equivalent Unit Computation

Month Ended April 30

Flow of Production

Flow of Physical Units

Equivalent Units

Direct Materials

Conversion Costs

Units accounted for:

Equivalent units

Cost per Equivalent Unit

Cost per equivalent unit

Req. 3

Cost Assignment

Assign costs:

Direct Materials

Conversion Costs

Total

a. Completed and transferred out

×

+

b. Ending work in process, April 30:

Direct materials

Conversion costs

Total ending work in process inventory, April 30

Total cost accounted for

Req. 4

Work in process inventory – Assembly

Bal., March 31

A Problems

P18-26A (30-45 min)

Req. 1

Req. 2

Req. 3

Req. 4