Create a handwritten/manual solution AND a spreadsheet solution to the following problem. Scan or use your phone to capture an image and paste a copy of your manual solution in your assignment submission. Consider using a smart phone scanning app. Also paste a spreadsheet solution showing the row and column headings and the formula view. Your report should be completely formula driven.
Design your spreadsheet to meet the assignment requirements. In particular, check the spreadsheet requirements and the Spreadsheet Advice PDF.See your text for examples.
Review the four process costing videos provided in Interact Resources. 
Create a handwritten/manual solution AND a spreadsheet solution to the following problem. Scan or use your phone to capture an image and paste a copy of your manual solution in your assignment submission. Also paste a spreadsheet solution showing the row and column headings and the formula view. Your report should be completely formula driven.
Design your spreadsheet to meet the assignment requirements. In particular, check the spreadsheet requirements and the Spreadsheet Advice PDF.
See your text for examples.
Joint cost allocation: additional processing beyond split-off point
In a certain production process 100 000 kg of a single raw material were processed at a cost of $350 000. At split-off two intermediate products, A and B emerged, weighed as 60 000 kg of A and 40 000 kg of B. A was processed further at a cost of $45 000 to produce C, and B was processed further at a cost of $25 000 to produce D. C sold for $4.50 per kg.
Required:
(a) If A was allocated $187 500 of the joint production costs under the net realisable value method, what was the selling price of D?
(b) Suppose the firm receives an offer to buy all of product A for $2 per kg at the split-off point. Would the firm be better off selling A or processing further to produce C? By how much?
Create a handwritten/manual solution AND a spreadsheet solution to the following problem. Scan or use your phone to capture an image and paste a copy of your manual solution in your assignment submission. Also paste a spreadsheet solution showing the row and column headings and the formula view. Your report should be completely formula driven.
Design your spreadsheet to meet the assignment requirements. In particular, check the spreadsheet requirements and the Spreadsheet Advice PDF.
The problem is adapted from P7-13 in your text page 202. 
Calculate the materials price variance (on purchase) and materials usage variance. What is the actual direct labour rate per hour?
Answer the requirements using both a manual and spreadsheet solution. In your spreadsheet, include the IF function to determine Favourable and Unfavourable variances.
QUESTION 5 Budgeting
Create a handwritten/manual solution AND a spreadsheet solution to the following problem. Scan or use your phone to capture an image and paste a copy of your manual solution in your assignment submission. Also paste a spreadsheet solution showing the row and column headings and the formula view. Your report should be completely formula driven.
Design your spreadsheet to meet the assignment requirements. In particular, check the spreadsheet requirements and the Spreadsheet Advice PDF.
Answer:
Production Cost Report
Units at the beginning Work In progress (A)-5600
Units started during the month (B) -45600
Total Units (A+B) 51200 ![]()
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Answer A
The given information is as follows:-
Raw Material Processed Cost=$350,000.00
Total Output ( Kg)=100000
A-C (Transfer)(Kg)= 60000
Further Cost- Process C= $45,000.00
B-D (Transfer) (Kg) 40000
Further Cost- Process D- $25,000.00
Selling Price Grade C output $4.50![]()
From the above analysis, it can be inferred that if Product A is sold at a split off point, then the company will suffer a loss of $67,500.00. On the other hand, if product C is processed from product A, then, a profit of $37,500.00 will be earned. Therefore, product A must be processed for Product C instead of splitting off.
Question 4
Actual Labor rate per hour![]()
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Bibliography
Collier, Paul M. Accounting for managers: Interpreting accounting information for decision making. John Wiley & Sons, 2015.
Jensen, Michael C. "Paying people to lie: The truth about the budgeting process." European Financial Management 9, no. 3 (2003): 379-406.
MITCHELL, FALCONER, and HANNE NØRREKLIT. "Introduction." In A Philosophy of Management Accounting, pp. 15-34. Routledge, 2017.
Scott, William R. Financial accounting theory. Vol. 2, no. 0. Prentice Hall, 2015.
