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Target Account Selling Templates

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					               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 P8-1A, Lafluer Corporation needs to set a target price for its newly designed product M14-M16 The following data relate to this new
product
                                                                                            Per Unit          Total
                                         Direct materials                                            $20
                                         Direct labor                                                $42
                                         Variable manufacturing overhead                             $10
                                         Fixed manufacturing overhead                                      $1,440,000
                                         Variable selling and admin expense                           $5
                                         Fixed selling and admin expense                                   $1,040,000
These costs are based on a budgeted volume of               80,000       units produced and sold each year Lafluer uses cost-plus pricing
methods to set its target selling price The markup on total unit cost is                      30%

Instructions:
(a)(1) Compute the total variable cost per unit for M14-M16
                          Direct materials                                                        Amount
                          Title                                                                   Amount
                          Title                                                                   Amount
                          Title                                                                   Amount
                          Title                                                                   Formula

(a)(2) Compute the total fixed cost per unit for M14-M16

                                                                           Total           Budgeted          Cost
                                                                          Costs ÷          Volume =         Per Unit
                          Title                                             Amount                Value       Formula
                          Title                                             Amount                Value       Formula
                          Title                                             Formula               Value       Formula

(a)(3) Compute the total cost per unit for M14-M16
                                        Title                               Amount
                                        Title                               Amount
                                        Title                               Formula

(b) Compute the desired ROI per unit for M14-M16
                                      Title                                 Amount
                                      Title                              Percentage
                                      Title                                 Formula

(c) Compute the target selling price for M14-M16
                                        Title                               Amount
                                        Title                               Amount
                                        Title                               Formula

(d) Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that              60,000      M14-M16s are sold
during the year (Round to 2 decimal places)
                                        Title                                 Amount
                                        Title                                 Amount
                                        Title                                 Formula




                FileName: 3e34e7d4-71ee-496f-97e3-5af401529c6a.xls, Tab: Problem P8-1A, Page 1 of 2, 8/15/2011, 10:26 AM
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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