Applying Actual and Normal Costing Systems using MS Excel: Laboratory Exercise 2, Cheat Sheet of Cost Accounting

Answer key for Costing. Study hard.

Typology: Cheat Sheet

2020/2021

Uploaded on 04/27/2021

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01 Laboratory Exercise 2 *Property of STI
Page 1 of 1
Laboratory Exercise
Applying Actual and Normal Costing Systems
using MS Excel
Figure 1. Account Balances of Gorotex Partnership
Figure 2. Account Balances of Lean Enterprise
Rubric for grading the output:
CRITERIA
PERFORMANCE INDICATORS
POINTS
Neatness and
Organization
The spreadsheet has exceptional formatting, and the information is well-organized. 20
Formulas
The spreadsheet formulas are well-developed and will correctly determine the needed
information.
30
Titles, Labels, and
Headings
The spreadsheet contains clearly labeled rows and columns. 10
Content
The spreadsheet meets all the necessary requirements to interpret the result of the
operation.
40
TOTAL
100

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BM

01 Laboratory Exercise 2 *Property of STI

Page 1 of 1

Laboratory Exercise

Applying Actual and Normal Costing Systems

using MS Excel

Figure 1. Account Balances of Gorotex Partnership

Figure 2. Account Balances of Lean Enterprise

Rubric for grading the output:

CRITERIA PERFORMANCE INDICATORS POINTS

Neatness and Organization The spreadsheet has exceptional formatting, and the information is well-organized.^20

Formulas

The spreadsheet formulas are well-developed and will correctly determine the needed information. 30 Titles, Labels, and Headings The spreadsheet contains clearly labeled rows and columns.^10

Content The spreadsheet meets all^ the^ necessary^ requirements to interpret the result of^ the operation.

TOTAL 100