Henkel Industries produces its product in two sequential departments: blending and Forming. The old controller, who has
Question:
Henkel Industries produces its product in two sequential departments: blending and Forming. The old controller, who has just retired, has been manually preparing the production cost reports each month. The new controller would like you, as an intern, to develop an Excel production cost report for the month of MAY that will automatically calculate the cost per equivalent unite, Etc., when the monthly information is dropped into Data area of the worksheet ( The data area shown as a blue box). The controller has provided you with a basic template, but needs you to finish the spreadsheet by adding formulas and cell references as needed. the only place she ever wants to type in numbers is in yellow cells within the purple Department Data table. although there are two departments, the controller want you to focus your attention on the blending department until she is sure that your spreadsheet will provide accurate information.
Before you begin to formulate the May spreadsheet, you will need to get production and cost dadt for the month of May. Some of the information can be found on last month's manually- prepared production cost report, while other pieces of inofrmation can be found in the MAy general journal. In addition the production supervisor has already reported that 220,000 units were started during May and that 30,000 units were 80% of the way completed at the end of the month. During your initial plant tour, you found out that all of the direct materials were added at the very beginning of the blending process.
Expert Answer:
