Accounting Excel Problems- Reports & Budgeting, accounting homework help

Jun 14th, 2017
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Question description

Accounting Excel Problems- Reports & Budgeting

Assignment 3: Excel Problems

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

Complete problems P21-20A (p. 1121), P21-21A (p. 1122), and P21-22A (p.1123)  in your textbook.

Present your analysis of the assigned problems in Excel format. Enter non-numerical responses in the same worksheet using textboxes. (Textbook problems & details are attached below).

Assignment 3 Grading Criteria

Maximum Points

P20-21A:

Prepared report for July 2011 which shows the performance of the Dayton store, the Ohio region and the company

10

Explained and justified if would investigate the Dayton store on the basis of the report

5

Explained if Doggy World should prepare a master budget and discussed the benefits of budgeting

5

P21-21A:
Prepared Clipboard Office Supply’s budgeted income statement for May and June

10

P21-22A:
Prepared schedules of budgeted cash collections, budgeted cash payments for purchases and budgeted cash payments for operating expenses

10

Prepared a cash budget and identified the cash balance as of June 30, 2011

10

Total:
m3_excel_problems_1.pdf

m3_excel_problems_2.pdf

Tutor Answer

(Top Tutor) carlosQ
School: Boston College
PREMIUM TUTOR

Hey, here is the solution to the first problem. I am working on the second one. In the meanwhile, could you look through this one and let me know if you need any changes made.

Question 1

DOGGY
PERFORMAN
FOR THE MONTH EN

Revenue
Expenses
Regional manager/headquarter office
Cost of materials
Salary expense
Depreciation expense
Utilities expense
Rent expense
Total expenses
Operating income

DAYTON
Budgeted at $173,400
Actual at $158,400
173.400
158.400

91.902
41.616
7.800
4.900
3.400
149.618
23.782

Question 2
Percentage variance in sales

8,65%

Management should take action since the variance from
budgeted sales is material at 8.65%.

Question 3
Doggy World should prepare master budgets in the future.
Master budgets are beneficial in conrolling for costs. In the case
of Dayton's unfavorable variance in sales, a master budget
would have provided thebudgeted units which would have
been compared to a...

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