N.B: I don’t need the attachment of excel file. Just the snap of excel with “show formula” will be good. Please help me with this. Beta Products Ltd. has just created a new division to manufacture and sell a fitness tracker. The facility ishighly automated and has high monthly fixed costs, as shown in the following schedule of budgeted monthlycosts. This schedule was prepared based on an expectation of a monthly production volume of 1,350 units.Manufacturing costs:$20Direct materials per unitDirect manufacturing labour per unitVariable manufacturing overhead per unitTotal fixed manufacturing overhead$15$10$54,000 per monthMarketing costs:6% of salesVariable marketingTotal fixed marketing overhead$52,000 per monthThe selling price per unit is $180.The following activity was recorded:OctoberNovember1,200Units producedUnits sold1,5001,1001,450REQUIRED: RequiredIn Excel, create a solution with one excel tab labelled “Actual" and one tab labelled "Standard". (Do NOT usemy spreadsheets.) All cells on the income statement MUST be linked to the raw data that is shown at the top ofeach spreadsheet. Your solution needs to have the following items in the following order:The tab called "ACTUAL" MUST contain:a.Raw data for units and all costs for ACTUAL costing AT THE TOP OF THE SPREADSHEET.b. Variable costing (contribution margin) income statement using ACTUAL costing for October andNovember.c. Absorption costing (gross margin) income statement using ACTUAL costing for October andNovember.The tab called "STANDARD" MUST contain:d. Raw data for units and all costs for STANDARD costing AT THE TOP OF THE SPREADSHEET.e. Variable costing (contribution margin) income statement using STANDARD costing for October andNovember.f. Absorption costing (gross margin) income statement using STANDARD costing for October andNovember.The raw data for your question is on the following page. You can use any reference material as it is openbook. However, discussions need to be kept between you and your partner.

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Beta Products Ltd. has just created a new division to manufacture and sell a fitness tracker. The facility is highly automated and has high monthly fixed costs, as shown in the following schedule of budgeted monthly costs. This schedule was prepared based on an expectation of a monthly production volume of 1,350 units. Manufacturing costs: $20 Direct materials per unit Direct manufacturing labour per unit Variable manufacturing overhead per unit Total fixed manufacturing overhead $15 $10 $54,000 per month Marketing costs: 6% of sales Variable marketing Total fixed marketing overhead $52,000 per month The selling price per unit is $180. The following activity was recorded: October November 1,500 1,100 1,200 1,450 Units produced Units sold REQUIRED: I.

Beta Products Ltd. has just created a new division to manufacture and sell a fitness tracker. The facility is highly automated and has high monthly fixed costs, as shown in the following schedule of budgeted monthly costs. This schedule was prepared based on an expectation of a monthly production volume of 1,350 units. Manufacturing costs: $20 Direct materials per unit Direct manufacturing labour per unit Variable manufacturing overhead per unit Total fixed manufacturing overhead $15 $10 $54,000 per month Marketing costs: 6% of sales Variable marketing Total fixed marketing overhead $52,000 per month The selling price per unit is $180. The following activity was recorded: October November 1,500 1,100 1,200 1,450 Units produced Units sold REQUIRED: I.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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