MOS3370 PIVOT TABLE Assignment

Crispin Company’s sales from last year were $8 million. The company maintains no beginning or ending inventories. It has assembled all of its costs from last year and would like your assistance in sorting these costs into various categories, depicting them graphically, and preparing traditional and contribution format income statements.

Click here to download the Excel template, which you will use to answer the questions that follow.

Click here for a brief tutorial on PivotTables in Excel.

Click here for a brief tutorial on PivotCharts in Excel.

Click here for a brief tutorial on SUMIF in Excel.

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Required:
1. Go to the “Cost Summary” tab. Using PivotTable and Charts:

a. Calculate the company’s total product costs and total period costs.

b. Calculate the portions of the total product costs that would be classified as direct materials, direct labor, and manufacturing overhead (MOH).

c. Calculate the portions of the total period costs that would be classified as selling expense and administrative expense.

d. Prepare a bar chart that includes a total of two bars. The first bar will depict the total period costs and the amounts of that grand total that are categorized as selling expenses and administrative expenses. The second bar will depict the total product costs and the amounts of that grand total that are categorized as direct materials, direct labor, and manufacturing overhead (MOH).

Which of the following statements are true according to this bar chart. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

check all that apply

• The direct labor is the smallest amount of the three product costs
• The total selling expense is greater than the total administrative expense
• The total selling expense is less than the total direct materials cost.

Step by Step Solution PIVOT TABLE Assignment

Answers Explanation

1.
a. Microsoft Excel’s PivotTable function can be used to calculate the company’s total product costs and total period costs as follows:

• Go to the “Cost Summary” tab
• Click in any cell that contains data
• Go to the “Insert” tab
  • Click on “PivotTable” and the “Create PivotTable” Wizard will pop up:
    • Under “Choose the data that you want to analyze” make sure the radio button for “Select a table or range” is selected
      • Ensure the Table/Range is set as ‘Cost Summary’!$A$2:$E$49
    • Under “Choose where you want the PivotTable report to be placed” choose the radio button for “New Worksheet”
    • Leave the box unchecked next to “Add this data to the Data Model”
    • Click OK

The company’s total product costs are $5,974,000 and its total period costs are $1,216,000

Related: (Solution) MOS3370 Managerial Accounting IF STATEMENTS 1 Assignment

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