Introduction To Managerial Accounting
8th Edition
ISBN: 9781259917066
Author: BREWER, Peter C., Garrison, Ray H., Noreen, Eric W.
Publisher: Mcgraw-hill Education,
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Textbook Question
Chapter 5, Problem 2AE
This exercise relates to the Double Diamond Skis’ Shaping and Milling Department that was discussed earlier in the chapter. The Excel worksheet form that appears below consolidates data from Exhibits 5-5 and 5-8. Download the workbook containing this form from Connect, where you will also receive instructions about how to use this worksheet form.
You should proceed to the requirements below only after completing your worksheet.
Required:
2. Enter the following data from a different company into your worksheet:
What is the cost of the units transferred out?
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Use the template attached below to complete this activity: (Videos are available in the C4 module on using the ebook + copying worksheets).
Chapter_7_Applying_Excel_template-1.xlsx
Use the data found in the template + use the additional data found in the ebook section, "Applying Excel" (p. 330 print text). All calculations should be performed within the cell using cell referencing/formulas so that I can see how you arrived at your answers! Do not use your calculator and just type in numbers!
You will submit four worksheets within your assignment file:
sheet 1 = original
sheet 2 = requirement 1 quantitative + question responses
sheet 3 = requirement 2 quantitative + question responses
sheet 4 = requirement 3 quantitative + question responses
In scenario 1, 2, and 3.... copy the original worksheet after inputting your cell formulas and change the values as indicated for each requirement. Name each tab by the question #.
Chapter 7: Applying Excel
Data…
Easy Packs manufactures backpacks. Its plant records include the following materials-related data:
(Click the icon to view the transactions.)
Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory.
Journalize the entries to record the transactions.
Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Date
Debit
Credit
Accounts and Explanation
Data table
Raw Materials Inventory, beginning balance
Purchases of canvas, on account
Purchases of sewing machine lubricating oil, on account
Material requisitions:
Canvas
Sewing machine lubricating oil
Print
Done
- X
$ 35,000
73,000
1,400
66,000
550
Convert the accompanying database to an excel table to find:
a. The total cost of all orders
b. The total quantity of airframe fasteners purchased.
c. The total cost of all orders placed with Manley Valve.
Chapter 5 Solutions
Introduction To Managerial Accounting
Ch. 5 - Under what conditions would it be appropriate to...Ch. 5 - In what ways are job-order and process costing...Ch. 5 - Why is cost accumulation simpler in a process...Ch. 5 - How many Work in Process accounts are maintained...Ch. 5 - Prob. 5QCh. 5 - Assume that a company has two processing...Ch. 5 - Prob. 7QCh. 5 - Watkins Trophies, Inc., produces thousands of...Ch. 5 - This exercise relates to the Double Diamond Skis’...Ch. 5 - This exercise relates to the Double Diamond Skis’...
Ch. 5 - Prob. 3AECh. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Clopack Company manufactures one product that goes...Ch. 5 - Process Costing Journal Entries. Quality Brick...Ch. 5 - Equivalent Units of Production-Weighted-Average...Ch. 5 - Cost per Equivalent Unit-Weighted-Average Method...Ch. 5 - Assigning costs to Units-Weighted-Average Method...Ch. 5 - Cost Reconciliation Report-Weighted-Average Method...Ch. 5 - Equivalent Units of Production-Weighted-Average...Ch. 5 - Process Costing Journal Entries Chocolateris de...Ch. 5 - Equivalent Units; Cost per Equivalent Unit;...Ch. 5 - Equivalent Units and Cost per Equivalent...Ch. 5 - Equivalent Units of Production-Weighted-Average...Ch. 5 - Comprehensive Exercise; Second Production...Ch. 5 - Equivalent Unit; Assigning Costs; Cost...Ch. 5 - Comprehensive Problem; Second Production...Ch. 5 - Analysis of Work in Process...Ch. 5 - Comprehensive Problem-Weighted-Average Method...Ch. 5 - Comprehensive Proble-Weighted-Average Method...Ch. 5 - Prob. 17PCh. 5 - Interpreting a Report-Weighted-Average Method...
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