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Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
Edition 4ISBN: 978-1111581565Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
Edition 4ISBN: 978-1111581565 Exercise 4
CHART ANALYSIS
Open MFG2 and click the Chart sheet tab. The management of Twisp is convinced that the quality of its products is highly dependent on their relative labor costs. Experience has shown that direct labor should account for at least 45% of the total product cost. According to the pie chart that appears on the screen, Twisp did not achieve this goal in 2011. How much should Twisp have spent on direct labor to reach its 45% goal
To find out, try different values for direct labor (cell C8), clicking the Chart sheet tab after each attempt. When you find a direct labor level that increases the direct labor percentage to 45%, enter the answer in the space provided:
In 2011, direct labor needed to be $________________.
Open MFG3 and click the Chart sheet tab. Did Twisp achieve its 45% goal in 2012 If not, answer the following:
In 2012, direct labor needed to be $________________.
When the assignment is complete, close the files without saving them again.
Open MFG2 and click the Chart sheet tab. The management of Twisp is convinced that the quality of its products is highly dependent on their relative labor costs. Experience has shown that direct labor should account for at least 45% of the total product cost. According to the pie chart that appears on the screen, Twisp did not achieve this goal in 2011. How much should Twisp have spent on direct labor to reach its 45% goal
To find out, try different values for direct labor (cell C8), clicking the Chart sheet tab after each attempt. When you find a direct labor level that increases the direct labor percentage to 45%, enter the answer in the space provided:
In 2011, direct labor needed to be $________________.
Open MFG3 and click the Chart sheet tab. Did Twisp achieve its 45% goal in 2012 If not, answer the following:
In 2012, direct labor needed to be $________________.
When the assignment is complete, close the files without saving them again.
Explanation
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Verified
Company T believes that the quality of t...
Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
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