Chapter
19 Homework
A number of individuals have been having trouble in
calculating some of the entries for Problem 19-2A. Therefore,
I am providing two of those calculations:
(1) Variable Cost of Goods Sold: Per
Unit
Direct
materials............................ $ 5
Direct
labor.................................... 14
Variable overhead.......................
2
Total......................................... $ 21 x 80,000
units = $1,680,000
(2) Variable Selling & Administrative Expenses:
$2.25
per unit x 80,000 units = $180,000
Comprehensive
Problem
Since we have completed the required textbook chapters, you
are in a position to start work on this comprehensive problem.
This
is an optional extra credit problem.
Additional Notes for Completion of the Problem:
Part 1:
1. This problem is to be accomplished manually using the
forms you create, or the generic forms you download from the
"Course
Resources" webpage.
2. After completing this part, submit your
General Journal (for transactions" a." through "
l.") and June 30, 20xx Trial Balance.
Part 2:
1. Submit your formulas and
calculations for each of the requirements (items 1 through 5).
Make copies of the comprehensive problem
submission documents and send them to me by email. The
graded results will be posted to your grade book in Canvas.
Anyone desiring to complete this problem can obtain a copy of
the problem transactions and instructions, by clicking on
the desired format in the "Problem
/ Documents Downloads" section
above.
Chapter 16 Problem 16-4A
Just a reminder that the "Total costs to account
for" at the end of the Production Cost Report should be $2,904,480.
Connect HW
Assignments
Just a couple of notes concerning the completion
of the homework assignments in the Connect System:
1. Most of the assigned problems will have
some amount of negative numbers for various entries on reports
or statements. In
those cases you do
not need to use a
minus sign [ "-" ] or brackets [ "(xxxx )"
]. The system software has been programmed to
automatically subtract these
amounts in the computation process.
2. For some of you, this may be your first
use of the Connect System. If you need any help, please do
not hesitate to call or email
me for assistance.
Connect
e-Book Access
To gain access to the Connect eBook for the
purposes of reviewing a chapter, working an assignment,
researching a topic, or other issue, follow these steps:
(1) Log-on to the
Connect System, then click on your accounting course from the
Connect menu.
(2) When the "Assignment" menu appears, click
on the e-book icon reflected in the left hand column.
(3) When the e-Book web page comes up, click on the Menu icon at the upper top of the
screen (icon looks like 3 blue
fingers.
When you place the cursor on the icon, you will see the word
"Contents").
(4) Go down the Contents
list and click on the desired subject or chapter.
(5) A subject listing
appears. Go down that listing to the desired subject or
item. Click on that tab.
(6) The next screen will
take you to the eBook page for the selected subject.
How to use the
Connect Homework
System Video
Provided below,
is a link to a video that gives you examples of the step-by-step
process of entering data for your assigned homework problems.
If this is the first time using the Connect system, it
should help getting you started on completing your homework
assignments. Use the link below to access the video.
https://www.youtube.com/watch?v=Bt9aMIxFRR4
