Grand Canyon ACC 350 Module 1 Assignment Managerial Accounting

.0001pt;”>Details:

Please complete the
following exercises and/or problems from the textbook:

E18-14
E18-22
E18-23
CP18-42

Prepare your answers in
an Excel workbook, using one worksheet per exercise or problem.E18-14a. Accounting systems that must follow GAAP. b. External parties for whom financial accounting reports are prepared. c. The role managers play when they are comparing the company’s actual results with the planned results. d. Internal decision makers. e. Accounting system that provides information on a company’s past performance. f. Accounting system not restricted by GAAP but chosen by comparing the costs versus the benefits of the system. g. The management function that involves choosing goals and the means to achieve them. E18-22 Preparing a schedule of cost of goods manufacturedKnight Corp., a lamp manufacturer, provided the following information for theyear ended December 31, 2014.Inventories: Beginning EndingRaw Materials $ 56,000 $ 23,000Work-in-Process 103,000 63,000Finished Goods 41,000 48,000Other information:Depreciation, plant building and equipment $ 16,000Raw materials purchases 159,000Insurance on plant 22,000Sales salaries 46,000Repairs and maintenance—plant 8,000Indirect labor 32,000Direct labor 122,000Administrative expenses 59,000Requirements1. Use the information to prepare a schedule of cost of goods manufactured.2. What is the unit product cost if Knight manufactured 2,160 lamps for the year?E18-23 Computing cost of goods manufactured and cost of goods soldUse the following information for a manufacturer to compute cost of goodsmanufactured and cost of goods sold:Inventories: Beginning EndingRaw Materials $ 29,000 $ 32,000Work-in-Process 44,000 37,000Finished Goods 19,000 24,000Other information:Purchases of materials $ 77,000Direct labor 87,000Manufacturing overhead 45,000Problem P18-42 is the first problem in a sequence of problems for Davis Consulting, Inc.This company was also used for the Continuing Problems in the financial accountingchapters as the business evolved from a service company to a merchandising company.However, it is not necessary to complete those problems prior to completing P18-42.Davis Consulting, Inc. is going to manufacture billing software. During its firstmonth of manufacturing, Davis incurred the following manufacturing costs:Inventories: Beginning EndingRaw Materials $ 10,800 $ 10,300Work-in-Process 0 21,000Finished Goods 0 31,500Other information:Raw materials purchases $ 19,000Plant janitorial services 700Sales salaries expense 5,000Delivery expense 1,700Sales revenue 750,000Utilities for plant 10,000Rent on plant 13,000Customer service hotline costs 18,000Direct labor 190,000Prepare a schedule of cost of goods manufactured for Davis for the month ended January 31, 2016..0001pt;”>