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Looking for help! Made it to Tab 2 COGM & COGS. Looking for assistance thanks! BU 2262 Student Name Renee Bolduc Bravo Baking Company began

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Looking for help! Made it to Tab 2 COGM & COGS. Looking for assistance thanks!

image text in transcribed BU 2262 Student Name Renee Bolduc Bravo Baking Company began operations in May of 2010 with the production and sales of specialty The company has experienced a good market demand for its high protein, low carbohydrate product Hi-Lo's success has required that Bravo continue to make only this one product, however, Bravo's cu the local retailers, have been asking for more specialty breads from the company. The decision to ex in the coming weeks. Weekly Assignments: Complete the assigned Tab each week. In each worksheet there are several Green colored cells. These cells must be filled in with your resp Tab1) Product vs. Period Costs Tab 2) Cost of Goods Manufactured Schedule Tab 3) Break Even Analysis Tab 4) Variance Analysis Tab 5) Incremental Analysis Tab 6) Capital Budgeting Due Week 2 Week 3 Week 5 Week 10 Week 11 Week 12 Points Available 10 30 40 40 40 40 200 n and sales of specialty breads. carbohydrate product called "Hi-Lo" ct, however, Bravo's customers, ny. The decision to expand will be made filled in with your response. Points Earned 10.00 27.14 0.00 0.00 0.00 0.00 37.14 Total BU 2262 Student Name Renee Bolduc For Tables A : From the list below, identify if the cost item is a "Product Cost" or "Period Cost" by typing "Product" or "Period" in the appropriate box. 10 points Table A Flour used in baking bread Factory Supervisor Salaries Bakers wages Rent for Executive Offices Sales Commissions Utilities used in the factory Advertising costs Delivery truck costs Paper wrappers for bread Depreciation on bake ovens Eggs, salt, water used for baking Interest on bank loan Factory Insurance Enter either "Product" or "Period" Product Product Product Period Period Product Period Period Product Product Product Period Product ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ## For Table B: From the list below, identify if the cost item is a "Direct Cost" or "Indirect Cost" by typing "Direct" or "Indirect" in the appropriate box. Table B Flour used in baking bread Factory Supervisor Salaries Bakers wages Factory Insurance Rent for Factory Utilities used in the factory Cleaning Bake Ovens Insurance on Factory Paper wrappers for bread Depreciation on bake ovens Eggs used for baking Small amounts of salt used Factory Maintenance Enter either "Direct" o Direct Indirect Direct Indirect Indirect Indirect Indirect Indirect Direct Indirect Direct Indirect Indirect Points Correct Correct Correct Correct Correct Correct Correct Correct Correct Correct Correct Correct Correct 10.00 BU 2262 Student Name Renee Bolduc Use the information provided below to prepare the Cost of Good Manufactured Schedule:Bravo had the following costs as of D in the Green shaded cells. Table C Materials used in baking bread Bakers wages Rent for Executive Offices Sales Commissions Utilities used in the factory Advertising costs Delivery truck costs Depreciation on bake ovens Interest on bank loan Beginning Inventory Materials Beginning Work in Process Ending Inventory Materials Inventory Purchases Ending Work in Process Other Overhead costs Beginning Finished Goods Inventory Ending Finished Goods Inventory Rent for Factory 32,000 Correct $32,000 36,000 10000 5000 12000 25000 500 250 10,000 8000 4000 26000 2500 1200 7500 6000 7500 Correct Cost of Goods Manufactured Schedule Beginning Work In Process Materials Beginning Inventory Materials Plus: Purchases Materials Available Less: Ending Inventory Materials Materials Used Direct Labor Overhead Factory Rent Depreciation on bake ovens Utilities used in Factory Other Overhead costs Total Overhead Total Manufacturing Costs Total Work in Process Less: Ending Work in Process Cost of Goods Manufactured Complete only the Green cells. Values in Red Cost of Goods Sold Schedule Beginning Finished Goods Inventory Beginning Work In Process Materials Beginning Inventory Materials Plus: Purchases Materials Available Less: Ending Inventory Materials Materials Used Direct Labor Overhead Factory Rent Depreciation on bake ovens Utilities used in Factory Other Overhead costs Total Overhead Total Manufacturing Costs Total Work in Process Less: Ending Work in Process Cost of Goods Manufactured Goods Available for Sale Less: Ending Finished Goods Inventory Cost of Goods Sold Schedule the following costs as of Dec 31, 2010. Enter the correct values nufactured Schedule ory Materials $8,000 Correct $10,000 $26,000 $36,000 $4,000 $32,000 $32,000 $7,500 $500 $5,000 $1,200 $14,200 nufactured $14,200 $78,200 $86,200 $2,500 $83,700 30 points ## Correct ## Correct Correct Correct Correct Correct Correct ## ## ## ## ## ## Correct Correct Correct Correct Correct Correct Correct Correct Correct ## ## ## ## ## ## ## ## ## Green cells. Values in Red are from the schedule above. d Goods Inventory ry Materials tory Materials $8,000 $10,000 $26,000 $36,000 $4,000 $7,500 Correct ## Correct Correct Correct Correct Correct Correct Correct $32,000 $32,000 $7,500 $500 $5,000 $1,200 Correct Correct Correct Correct $14,200 $78,200 $86,200 $2,500 Correct Correct nufactured ed Goods Inventory $83,700 ## $6,000 Correct ## ## Points 27.14286# BU 2262 Student Name Bravo Baking identified the costs below to determine its cost of one unit of product and its monthly operating costs. (TCO 4) Units produced 14,000 Table A Materials used in baking bread Sales Commissions Bakers wages Rent for Executive Offices Factory Supervisor Salaries Utilities used in the factory Advertising costs Delivery truck depreciation Depreciation on bake ovens Interest on bank loan Variable Fixed 2.29 0.12 2.29 3,000 3500 0.50 1000 400 0.07 500 Total Costs $5.27 Price Charged per unit $7.77 $8,400.00 unit of product and its monthly operating costs. (TCO 4) 40 Points Part I Enter your solution in the green cells for each of the following: Using the costs from Table A compute A) Breakeven units (rounded to 2 decimal places) B) Break-even sales dollars C) Contribution Margin D) Contribution Margin Ratio (enter as % for example 51% or decimal .51) ### ### ### ### Part II Complete the following requirements A) If Bravo requires a profit of $5,000 how many units must it sell? B) What is the total revenue from A above? C) If Bravo actually sells 8,000 units (Hint: Use Break Even $ from B Above) 1) What is the margin of safety in Dollars? 2) What is the margin of safety percentage? ### ### ### ### Total Correct Points 0 ### BU 2262 Student Name Bravo Baking uses standard costing to analyze its performance. The data below is provided for your use in determining Bra Standard Cost per unit Cost /Unit Amount/Unit Standard Cost Material Cost (Ingredients) (.5 lbs) 2.29 .5 lbs $4.58 Direct Labor( .25 hrs * $9/hr) 2.25 .25 hrs $9.00 Overhead 0.57 Total 5.11 During the month, Bravo sold 9,000 loaves of bread and used 4,650 pounds of ingredients. Also during the month, Bravo purchased 5,000 pounds of ingredients at a cost of $22,500. Employees worked a total of 2200 hours and actual labor cost Required: Part a. Compute the material price and quantity variance. Complete Labor Rate and Efficiency Variances Material Price Variance = = ( - Fav/Unf > = Material Quantity Variance = = ( - Fav/Unf = Labor Rate Variance = = ( - Fav/Unf > = Labor Efficiency Variance = = = ( - Fav/Unf TCO 10 40 Points ur use in determining Bravo's variances. uring the month, Bravo ours and actual labor costs were $19,998 riances ) * ) * ) * ) * Points Points 00 ### ### 0 BU 2262 Student Name Bravo Baking Co has expanded its product line to include several other specialty breads. The operating results for the last quar Product Revenues Variable product costs Variable Selling & Administrative costs Contribution Margin Fixed Product Costs Fixed Selling and Administrative Costs Allocated Common Costs Net Income Hi-Lo Whole Grain Fruit & Nuts Total $67,575 $31,800 $15,900 $115,275 $27,030 $12,720 $6,360 $46,110 $13,515 $27,030 $5,000 $5,700 $6,360 $12,720 $5,000 $2,850 $3,180 $6,360 $5,000 $2,850 $23,055 $46,110 $15,000 $11,400 $5,000 $2,500 $2,500 $10,000 $11,330 $2,370 ($3,990) $9,710 Required: Bravo wants to know the effect on Net Income if it decides to discontinue the Fruit & Nuts product. If Bravo eliminates Fruit & Nuts 50% of fixed costs can be avoided. Prepare and incremental analysis showing the Net Income Effect of eliminating the Fruit & Nuts product. What would you advise Bravo to do? Using the Table below, compute the Net Income for Bravo Baking after eliminating the Fruit & Nuts product. Product Hi-Lo Whole Grain Fruit & Nuts Total Revenues $0 Try Again ### Variable product costs $0 Try Again ### Variable Selling & Administrative costs Contribution Margin Fixed Product Costs Fixed Selling and Administrative Costs $0 Try Again ### $0 Try Again ### $0 Try Again ### $0 Try Again ### Allocated Common Costs $0 Try Again ### Net Income $0 Try Again ### Points Based on your analysis, what recommendation would you make about Fruit & Nuts? Explain. ### 0 perating results for the last quarter are provided below.(TCO 7) uit & Nuts product. Nuts product. 40 Points BU 2262 Student Name Bravo Baking Co is considering replacing an older freezer with a larger unit to freeze some of its bread. The new unit has a larger capacity and Bravo estimates it can produce and sell more bread each year. From these the annual after-tax cash flow is expected to be $4,000. In addition to more sales, the new freezer will save $1,20 However, the new freezer will cost an additional $2,000 each year for maintenance. The cost of the new unit is $2 expected to last 10 years. The salvage value at the end of its life is $6,000. The old unit is fully depreciated and c Determine the Net Present Value of purchasing the new freezer using a required rate of return of 14%. Should Bra Use the format below to complete the NPV computations: Note: Use PV Tables found in the PV tabs in the workbook. Be sure to enter 4 decimal places. Also, be sure to s Cash Flow PV Factors Cost of new refrigeration unit After tax cash flow Annual electricity savings Additional annual maintenance costs Amount collected from disposal of unit Net present value Based on your analysis, what is your recommendation regarding the new freezer? Explain ze some of its bread. e bread each year. From these additional sales he new freezer will save $1,200 in electricity each year. The cost of the new unit is $25,000 and it is unit is fully depreciated and can be disposed at cost. e of return of 14%. Should Bravo purchase the freezer? imal places. Also, be sure to show costs as negative values. PV Amounts ## ## ## ## ## ## Points 0.00 ## TCO 9 40 Points Start Rate 1.00% Rate 1.00% Present Value of $1 to be Received at the End of N Periods (PVIF) Period 1.00% 2.00% 3.00% 4.00% 5.00% 1.00 0.9901 0.9804 0.9709 0.9615 0.9524 2.00 0.9803 0.9612 0.9426 0.9246 0.9070 3.00 0.9706 0.9423 0.9151 0.8890 0.8638 4.00 0.9610 0.9238 0.8885 0.8548 0.8227 5.00 0.9515 0.9057 0.8626 0.8219 0.7835 6.00 0.9420 0.8880 0.8375 0.7903 0.7462 7.00 0.9327 0.8706 0.8131 0.7599 0.7107 8.00 0.9235 0.8535 0.7894 0.7307 0.6768 9.00 0.9143 0.8368 0.7664 0.7026 0.6446 10.00 0.9053 0.8203 0.7441 0.6756 0.6139 11.00 0.8963 0.8043 0.7224 0.6496 0.5847 12.00 0.8874 0.7885 0.7014 0.6246 0.5568 13.00 0.8787 0.7730 0.6810 0.6006 0.5303 14.00 0.8700 0.7579 0.6611 0.5775 0.5051 15.00 0.8613 0.7430 0.6419 0.5553 0.4810 16.00 0.8528 0.7284 0.6232 0.5339 0.4581 17.00 0.8444 0.7142 0.6050 0.5134 0.4363 18.00 0.8360 0.7002 0.5874 0.4936 0.4155 19.00 0.8277 0.6864 0.5703 0.4746 0.3957 20.00 0.8195 0.6730 0.5537 0.4564 0.3769 21.00 0.8114 0.6598 0.5375 0.4388 0.3589 22.00 0.8034 0.6468 0.5219 0.4220 0.3418 23.00 0.7954 0.6342 0.5067 0.4057 0.3256 24.00 0.7876 0.6217 0.4919 0.3901 0.3101 25.00 0.7798 0.6095 0.4776 0.3751 0.2953 26.00 0.7720 0.5976 0.4637 0.3607 0.2812 27.00 0.7644 0.5859 0.4502 0.3468 0.2678 28.00 0.7568 0.5744 0.4371 0.3335 0.2551 29.00 0.7493 0.5631 0.4243 0.3207 0.2429 30.00 0.7419 0.5521 0.4120 0.3083 0.2314 31.00 0.7346 0.5412 0.4000 0.2965 0.2204 32.00 0.7273 0.5306 0.3883 0.2851 0.2099 33.00 0.7201 0.5202 0.3770 0.2741 0.1999 34.00 0.7130 0.5100 0.3660 0.2636 0.1904 6.00% 0.9434 0.8900 0.8396 0.7921 0.7473 0.7050 0.6651 0.6274 0.5919 0.5584 0.5268 0.4970 0.4688 0.4423 0.4173 0.3936 0.3714 0.3503 0.3305 0.3118 0.2942 0.2775 0.2618 0.2470 0.2330 0.2198 0.2074 0.1956 0.1846 0.1741 0.1643 0.1550 0.1462 0.1379 7.00% 0.9346 0.8734 0.8163 0.7629 0.7130 0.6663 0.6227 0.5820 0.5439 0.5083 0.4751 0.4440 0.4150 0.3878 0.3624 0.3387 0.3166 0.2959 0.2765 0.2584 0.2415 0.2257 0.2109 0.1971 0.1842 0.1722 0.1609 0.1504 0.1406 0.1314 0.1228 0.1147 0.1072 0.1002 8.00% 0.9259 0.8573 0.7938 0.7350 0.6806 0.6302 0.5835 0.5403 0.5002 0.4632 0.4289 0.3971 0.3677 0.3405 0.3152 0.2919 0.2703 0.2502 0.2317 0.2145 0.1987 0.1839 0.1703 0.1577 0.1460 0.1352 0.1252 0.1159 0.1073 0.0994 0.0920 0.0852 0.0789 0.0730 9.00% 0.9174 0.8417 0.7722 0.7084 0.6499 0.5963 0.5470 0.5019 0.4604 0.4224 0.3875 0.3555 0.3262 0.2992 0.2745 0.2519 0.2311 0.2120 0.1945 0.1784 0.1637 0.1502 0.1378 0.1264 0.1160 0.1064 0.0976 0.0895 0.0822 0.0754 0.0691 0.0634 0.0582 0.0534 10.00% 0.9091 0.8264 0.7513 0.6830 0.6209 0.5645 0.5132 0.4665 0.4241 0.3855 0.3505 0.3186 0.2897 0.2633 0.2394 0.2176 0.1978 0.1799 0.1635 0.1486 0.1351 0.1228 0.1117 0.1015 0.0923 0.0839 0.0763 0.0693 0.0630 0.0573 0.0521 0.0474 0.0431 0.0391 11.00% 0.9009 0.8116 0.7312 0.6587 0.5935 0.5346 0.4817 0.4339 0.3909 0.3522 0.3173 0.2858 0.2575 0.2320 0.2090 0.1883 0.1696 0.1528 0.1377 0.1240 0.1117 0.1007 0.0907 0.0817 0.0736 0.0663 0.0597 0.0538 0.0485 0.0437 0.0394 0.0355 0.0319 0.0288 12.00% 0.8929 0.7972 0.7118 0.6355 0.5674 0.5066 0.4523 0.4039 0.3606 0.3220 0.2875 0.2567 0.2292 0.2046 0.1827 0.1631 0.1456 0.1300 0.1161 0.1037 0.0926 0.0826 0.0738 0.0659 0.0588 0.0525 0.0469 0.0419 0.0374 0.0334 0.0298 0.0266 0.0238 0.0212 13.00% 0.8850 0.7831 0.6931 0.6133 0.5428 0.4803 0.4251 0.3762 0.3329 0.2946 0.2607 0.2307 0.2042 0.1807 0.1599 0.1415 0.1252 0.1108 0.0981 0.0868 0.0768 0.0680 0.0601 0.0532 0.0471 0.0417 0.0369 0.0326 0.0289 0.0256 0.0226 0.0200 0.0177 0.0157 14.00% 0.8772 0.7695 0.6750 0.5921 0.5194 0.4556 0.3996 0.3506 0.3075 0.2697 0.2366 0.2076 0.1821 0.1597 0.1401 0.1229 0.1078 0.0946 0.0829 0.0728 0.0638 0.0560 0.0491 0.0431 0.0378 0.0331 0.0291 0.0255 0.0224 0.0196 0.0172 0.0151 0.0132 0.0116 15.00% 0.8696 0.7561 0.6575 0.5718 0.4972 0.4323 0.3759 0.3269 0.2843 0.2472 0.2149 0.1869 0.1625 0.1413 0.1229 0.1069 0.0929 0.0808 0.0703 0.0611 0.0531 0.0462 0.0402 0.0349 0.0304 0.0264 0.0230 0.0200 0.0174 0.0151 0.0131 0.0114 0.0099 0.0086 Start Rate 1.00% Rate 1.00% Present Value of an Annuity of $1 per Period for N Periods (PVIFA) Period 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 1.00 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 2.00 1.9704 1.9416 1.9135 1.8861 1.8594 1.8334 3.00 2.9410 2.8839 2.8286 2.7751 2.7232 2.6730 4.00 3.9020 3.8077 3.7171 3.6299 3.5460 3.4651 5.00 4.8534 4.7135 4.5797 4.4518 4.3295 4.2124 6.00 5.7955 5.6014 5.4172 5.2421 5.0757 4.9173 7.00 6.7282 6.4720 6.2303 6.0021 5.7864 5.5824 8.00 7.6517 7.3255 7.0197 6.7327 6.4632 6.2098 9.00 8.5660 8.1622 7.7861 7.4353 7.1078 6.8017 10.00 9.4713 8.9826 8.5302 8.1109 7.7217 7.3601 11.00 10.3676 9.7868 9.2526 8.7605 8.3064 7.8869 12.00 11.2551 10.5753 9.9540 9.3851 8.8633 8.3838 13.00 12.1337 11.3484 10.6350 9.9856 9.3936 8.8527 14.00 13.0037 12.1062 11.2961 10.5631 9.8986 9.2950 15.00 13.8651 12.8493 11.9379 11.1184 10.3797 9.7122 16.00 14.7179 13.5777 12.5611 11.6523 10.8378 10.1059 17.00 15.5623 14.2919 13.1661 12.1657 11.2741 10.4773 18.00 16.3983 14.9920 13.7535 12.6593 11.6896 10.8276 19.00 17.2260 15.6785 14.3238 13.1339 12.0853 11.1581 20.00 18.0456 16.3514 14.8775 13.5903 12.4622 11.4699 7.00% 0.9346 1.8080 2.6243 3.3872 4.1002 4.7665 5.3893 5.9713 6.5152 7.0236 7.4987 7.9427 8.3577 8.7455 9.1079 9.4466 9.7632 10.0591 10.3356 10.5940 8.00% 0.9259 1.7833 2.5771 3.3121 3.9927 4.6229 5.2064 5.7466 6.2469 6.7101 7.1390 7.5361 7.9038 8.2442 8.5595 8.8514 9.1216 9.3719 9.6036 9.8181 9.00% 0.9174 1.7591 2.5313 3.2397 3.8897 4.4859 5.0330 5.5348 5.9952 6.4177 6.8052 7.1607 7.4869 7.7862 8.0607 8.3126 8.5436 8.7556 8.9501 9.1285 10.00% 0.9091 1.7355 2.4869 3.1699 3.7908 4.3553 4.8684 5.3349 5.7590 6.1446 6.4951 6.8137 7.1034 7.3667 7.6061 7.8237 8.0216 8.2014 8.3649 8.5136 11.00% 0.9009 1.7125 2.4437 3.1024 3.6959 4.2305 4.7122 5.1461 5.5370 5.8892 6.2065 6.4924 6.7499 6.9819 7.1909 7.3792 7.5488 7.7016 7.8393 7.9633 12.00% 0.8929 1.6901 2.4018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5.6502 5.9377 6.1944 6.4235 6.6282 6.8109 6.9740 7.1196 7.2497 7.3658 7.4694 13.00% 0.8850 1.6681 2.3612 2.9745 3.5172 3.9975 4.4226 4.7988 5.1317 5.4262 5.6869 5.9176 6.1218 6.3025 6.4624 6.6039 6.7291 6.8399 6.9380 7.0248 14.00% 0.8772 1.6467 2.3216 2.9137 3.4331 3.8887 4.2883 4.6389 4.9464 5.2161 5.4527 5.6603 5.8424 6.0021 6.1422 6.2651 6.3729 6.4674 6.5504 6.6231 15.00% 0.8696 1.6257 2.2832 2.8550 3.3522 3.7845 4.1604 4.4873 4.7716 5.0188 5.2337 5.4206 5.5831 5.7245 5.8474 5.9542 6.0472 6.1280 6.1982 6.2593

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