Here is a
Sample Excel Project,
Download Sample Excel Project,
(done by students who never had a sample) to get an idea about what you need to create. Just like those students who made the sample Excel project, you need to think/research/estimate your costs for the production of your specific product. It does not need to be exact but it needs to be close, realistic, and meaningful. Electronic spreadsheets are a fact for all business professionals. It is very important that you learn how to use Excel to present accounting information. Excel is the most powerful tool used by accountants today. The more you learn Excel the more marketable your skills will be in the job market.In order to receive full credit, you must build the spreadsheet from scratch. In other words, you must start from a blank spreadsheet.You may not use the publisher’s models, my sample project, or any other spreadsheet that you did not personally start from blank.you will establish a manufacturing proposal with all related tables and budgets as your project on a multi-page, formulated, interconnected Excel sheet including the following tabs:
SET 1: Cost Basics (50 pts.)
A well-developed multi-tab interrelated Excel sheet.
Cost BasisTable 1: Material cost per unitTable 2: Labor cost per unitTable 3: Assets (Equipment and their annual straight-line depreciation)Table 4: Overhead
Table 5: Selling and Administrative
Variable costs
Fixed costs
Table 6: Fix and
Variable Costs
(Combine Table 4 and 5; remember to add DM and DL to the calculation of the variable cost)Variable Costs
DM (From Table 1)
DL (From Table 2)
Variable OH ( From Table 4)
Variable S&A ( From Table 5)
Fixed Costs
Fixed OH (From Table 4)
Fixed S&A (From Table 5)
Total Fixed Costs (This will be used for CVP analysis)
SET 2: Cost Volume Profit Analysis (50 pts.)
Estimated Selling Price
Contribution Margin
Break-Even Points in Dollars and Units
Profit Planning (Target sales in Dollars and Units, to be used in sales budget) (Note: Target income should be almost equal to the net income in the
Budgeted Income Statement
)
SET 3: The Master Budget for four quarters (100 pts.)
Sales Budget
Production Budget
Ending Inventory Budget
Selling & Administrative Expense Budget
Budgeted Income Statement
Budgeted Balance Sheet
Memorandum (20 points)
The Excel project of “Your Company Name” must be submitted with a Business Memorandum. A memorandum—usually known as a memo—is a document that is most commonly used for internal communication betweencoworkers or members of a department. In our case, the Board of Directors is concerned about the project’s budgeted year profitability.Each issue in a memorandum needs one paragraph. You should start with one introduction at the beginning and finish with oneconclusion at the end of the memorandum. You do not write unnecessary information in the memorandum. You should write only about requested issues and use a profitability ratio to emphasize your point.You need to write a memo to the Chair of the Board of Directors about their concern based on your prepared budgeted Income Statment results and the proposed product profitability.Some Rubric
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