Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Question
Chapter 16, Problem 2R
To determine
Prepare the schedule of cost of goods manufactured and soldusing the necessary formulae.
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PLEASE INCLUDE THE EXCEL FORMULAS!! Thanks!!
Please don't forget to check your worksheet by changing the units sold in the Data to 6,000 for Year 2 before submitting the response to my question. The cost of goods sold under absorption costing for Year 2 should now be $240,000. If it isn’t, check cell C41. The formula in this cell should be =IF(C26<C27,C26*C36+(C27-C26)*B36,C27*C36).] If your worksheet is operating properly, the net operating income under both absorption costing and variable costing should be $(34,000) for Year 2. That is, the loss in Year 2 is $34,000 under both methods. If you do not get these answers, find the errors in your worksheet and correct them. Assume that the units produced in year 2 were sold first.
If someone can help I will give a thumbs up. Thanks for the help! :)
You are creating part of an Excel model that will set the price of an item based on whether the customer is a preferred customer or not. The partially completed model in the attached file. <-- Click here to download the Excel file.
In cell B6, you will enter the formula that will use this logic:When preferred status is Yes, the price is the preferred price. Otherwise the price is the regular price.
Customer ID:
68YJW
Prices:
Regular
$26.95
Customer Name
Reggie Greene
Preferred
$21.95
Preferred? Y/N:
Yes
Customer Price
You are given the information below and you are requested to answer the following questions (keep your calculations at a side paper because you might need them to answer other questions also):
Beginning finished goods, 1/1/2019
$ 90,000
Ending finished goods, 31/12/2019
$ 77,000
Cost of goods sold
$ 270,000
Sales revenue
$ 500,000
Operating expenses
$ 155,000
Question: What is gross margin for 2019?
Chapter 16 Solutions
Excel Applications for Accounting Principles
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