Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help with my milestone: trying to solve the following: Main My Citation list 6/10/2021 | Cit x Home - > Students X B 5-2

Need help with my milestone:

trying to solve the following:

image text in transcribed
Main My Citation list 6/10/2021 | Cit x Home - > Students X B 5-2 Milestone Three: Project V X Milestone Three Guidelines ar learn.snhu.edu/d21/le/content/738485/viewContent/13178310/View Scenario It has now been one month since you launched your business. You are meeting with a few investors soon to share your vision for the company to ask for more funding. You will be sharing your company's financial health at this meeting. To do that, you need to determine and analyze you company's performance over the last month using the data provided. Prompt Use the information in the Milestone Three Actual Costs and Revenue Data Appendix to evaluate your company's performance, and complete the remaining tabs in the Project Workbook that you used for the Milestone One and Two assignments. Specifically, you must address the following rubric criteria: . Statement of Cost of Goods Sold: Prepare the statement of cost of goods sold in the "COGS" tab of the workbook. Remember to show your work using calculations to the side of the table or using appropriate formulas in the table. . Income Statement: Use the given revenue data to prepare the "Income Statement" tab table and calculate the net income. Remember to show your work using calculations to the side of the table or using appropriate formulas in the table. . Variance Analysis: Prepare the data in the "Variances" tab to determine whether the variances are favorable or unfavorable. Remember to show your work using calculations to the side of the table or using appropriate formulas in the table. . Complete the data table for the variances by entering the budgeted (standard) and actual labor and material values. Remember to use the estimates for expected sales from your Milestone Two assignment. Determine the variances for direct labor and direct materials in the "Variances" tab. . Evaluate the significance of the variances in the "Variances" tab, and mark them as favorable or unfavorable. Guidelines for Submission Submit the Project Workbook with all tabs completed. This file should be completed and submitted using Microsoft Excel. Milestone Three Rubric Proficient (85%) Needs Improvement Criteria Exemplary (100%) Not Evident (0%) Value (55%)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

11th Edition

1119594596, 978-1119594598

More Books

Students also viewed these Accounting questions

Question

How will you establish groups?

Answered: 1 week ago

Question

Explain the characteristics of a good system of control

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago

Question

What are the functions of top management?

Answered: 1 week ago

Question

Bring out the limitations of planning.

Answered: 1 week ago