Problem 1 Cash Budget and Problem 2. Material and Labor variances

MANAGERIAL ACCOUNTING INSTRUCTIONS FOR PROBLEM SET .You need to prepare the solutions using Excel. Your exam solution should be in one Excel file with a separate tab/worksheet for each problem. REMEMBER TO USE AS MANY FORMULAS AS POSSIBLE IN EXCEL. DO NOT USE EXCEL AS A WORD PROCESSOR!I attached the prpblems
_problem_set_and_instructions_.docx

Unformatted Attachment Preview

Don't use plagiarized sources. Get Your Custom Essay on
Problem 1 Cash Budget and Problem 2. Material and Labor variances
Just from $13/Page
Order Essay

MANAGERIAL ACCOUNTING
INSTRUCTIONS FOR PROBLEM SET
.You need to prepare the solutions using Excel. Your exam solution should be in
one Excel file with a separate tab/worksheet for each problem.
REMEMBER TO USE AS MANY FORMULAS AS POSSIBLE IN EXCEL. DO
NOT USE EXCEL AS A WORD PROCESSOR!
Problem 1
Cash Budget
Star Wars Inc. is preparing its cash budget for April. The budgeted beginning cash
balance is $19,000. Budgeted cash receipts total $105,000 and budgeted cash
disbursements total $98,000. The desired ending cash balance is $50,000. The company
can borrow up to $120,000 at any time from a local bank, with interest not due until the
following month.
Required: Transfer the information in the table above to an Excel spreadsheet and prepare the
solutions to the following question. In using Excel, you should use appropriate formulas and
functions to show your understanding of basic Excel functions. Clearly identify your answer to
each question.
Required:
Prepare the company’s cash budget for April in good form. Make sure to indicate what
borrowing, if any, would be needed to attain the desired ending cash balance.
Problem 2.
Material and Labor variances
Bombastic Corporation makes a product with the following standard costs:
The Company reported the following results concerning this product in August.
The materials price variance is recognized when materials are purchased. Variable
overhead is applied based on direct labor-hours.
Required: Transfer the information in the table above to an Excel spreadsheet and prepare the
solutions to the following questions. Your solution should show the appropriate formulas and the
detailed calculations. In using Excel, you should use appropriate formulas and functions to show
your understanding of basic Excel functions. Clearly identify your answer to each question in
final form.
Required:
a. Compute the materials quantity variance.
b. Compute the materials price variance.
c. Compute the labor efficiency variance.
d. Compute the direct labor rate variance.

Purchase answer to see full
attachment

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency

Order your essay today and save 15% with the discount code ESSAYHELP