Name: Date: Instructor: Course: Managerial Accounting, 3rd Edition, by Weygandt, Kieso, and Kimmel Solving Managerial Accounting Problems Using Microsoft Excel for Windows by Rex A Schildhouse Problem P5-2A, Tyson Company bottles and distributes LO-KAL, a fruit drink. The beverage is sold for $0.50 per 16 ounce bottle to retailers, who charge customers $0.70 per bottle. Management estimates the following revenues and costs: Net sales $2,500,000 Selling expenses - Variable $90,000 Direct materials 360,000 Selling expenses - Fixed 200,000 Direct labor 650,000 Admin expenses - Variable 30,000 Mfg overhead - Variable 370,000 Admin expenses - Fixed 140,000 Mfg overhead - Fixed 260,000 Instructions: (a)(1) Compute the contribution margin. Net sales Formula Less: Variable costs Title Amount Title Amount Title Amount Title Formula Contribution margin Formula (a)(2) Compute the fixed costs. Fixed costs Title Amount Title Amount Title Amount Total fixed costs Formula (b)(1) Compute the break-even point in units. Variable costs = Formula of sales or Formula per bottle Break-even point in units = Amount = Amount + Amount Break-even point in units = Formula units (b)(2) Compute the break-even point in dollars. Break-even point in dollars = Amount X Amount = Formula (c)(1) Compute the contribution margin ratio. (Round to full percents.) Contribution margin ratio = ( Amount - Amount ) / Amount Contribution margin ratio = Formula (c)(2) Compute the margin of safety ratio. (Round to full percents.) Margin of safety ratio = ( Amount - Amount ) / Amount Contribution margin ratio = Formula (d) Determine the sales dollars required to earn a net income of $120,000 Required sales in dollars = ( Title + Title ) ÷ Title Required sales in dollars = ( Amount + Amount ) ÷ Percentage Required sales in dollars = Formula FileName: 530a346c-4585-4adb-aa0f-40ac927d8c37.xls, Tab: Problem P5-2A, Page 1 of 2, 5/20/2011, 4:26 PM Instructions for the Microsoft Excel Templates Detail and information on Excel is contained within the manual. Striking the "F1" key or following the path "Windows>Excel Help" will invoke the Office Assistant and bring up one of several help menus. Type your name into the cell "D5". This will be copied by formula to the rest of the pages as required. Type the due date of your problem into cell "I5". This will be copied by formula to the rest of the pages as required. Type the instructor's name into cell "D6". This will be copied by formula to the rest of the pages as required. Type the course identifier into cell "I6". This will be copied by formula to the rest of the pages as required. The problem is identified for you in cell "B7". In "DATE" cells enter the date in any of several formats and Excel will format it correctly. If more than one page is preformatted into the problem, page breaks are preset and formulas are set to copy the header into the remaining pages. Place the proper account title in the cell where the word "ACCOUNT" appears on the template. Place the amount in the cell where the word "AMOUNT" appears on the template. A formula may be placed in Enter a number like 914 to signify units or gallons where the word "NUMBER" appears. Write a formula into cells where the word "FORMULA" appears. In these cells, an amount calculated outside of Place the explanation for the entry in the cell where the word "EXPLANATION" appears on the template. Insert the account number where "ACCT #" appears on the template during posting. Insert the journal reference where "JOURN #" appears on the template during posting. Insert the title in the cell where "TITLE" appears on the template. The print area is defined to fit onto 8 1/2" X 11" sheets in portrait or landscape mode as required. The gray filled cells define the perimeter of the problem and the print area. The problem is formatted for whole dollars with comma separations (no cents) except where required. The display may have "Freeze Pane" invoked so column titles remain visible during data entry. Negative values may be shown as ($400) vice -$400. Enter a string like: ($259,417 X 12 months) + (0.3651 X 5,434,631) where the word TEXT appears.
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