Need help with my Accounting question – I’m studying for my class.
5 copies, different design, Excel Sheet with formula.
CRITICAL THINKING ASSIGNMENT (100 points):
Complete the following three questions using Microsoft Excel. No other submission format is allowed. Review the grading rubric to confirm you are meeting the assignment requirements.
|Milwaukee Dairy Company produces cream, whole milk, and 2% milk. The joint cost of producing the three products is SAR 30,000. The split-off quantities and selling prices of each product are as follows:|
|Split-off Quantity (Gallons)||Price at Split off (SAR)|
Required: Calculate how much of the joint costs should be allocated to each product using the market value at split off method.
|The following information pertains to Delicious Bakery Company:|
|GIVEN:||Janitorial Dept.||Cafeteria Dept.||Mixing Dept.||Baking Dept.|
|Number of employees||10||20||60||100|
|Department cost (SAR)||600,000||1,000,000||3,000,000||4,000,000|
Required: Allocate Janitorial and Cafeteria department costs to mixing and baking departments using the Direct method. Use square feet for allocating janitorial costs and number of employees for allocating cafeteria department costs.
|Maintenance Hours||Maintenance Cost (SAR)|
|Given the following:|
|Sales (40,000 units)||4,800,000|
|Net operating income||720,000|
Management is considering increasing the quality of its units by spending SAR 5 more per unit in variable costs and increasing advertising by SAR 80,000. Management believes these changes will increase unit sales by 20% at the same price.
You must show all your work for credit.
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