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Assignment 3: Excel ProblemsAt the end of each module, you will apply the module’s concepts by completing comprehensive assignments from the textbook.Complete problems P16A-17B (p. 898), P16A-19B (p. 899), P18-24A (p. 979), P18-26A (p. 980) in your textbook.Present your analysis of the assigned problems in Excel format. Enter non-numerical responses in the same worksheet using textboxes.By Saturday, June 4, 2016 deliver your assignment to the M2: Assignment 3 Dropbox.Create the file with the following name: LastnameFirstInitial_M2A3.Excel.xls.Assignment 3 Grading CriteriaMaximum PointsP16A-17BDrew time line for assembly department2Computed the equivalent units3Assigned total costs in the assembling department3Prepared T-account for WIP inventory3P16A-19BDrew time line for preparation department3Computed the equivalent units3Compute total costs3Prepared journal entry to record costs of sheets3Posted journal entries to WIP inventory and calculated ending balance3P18-24AComputed revenue and VC for each show2Computed number of shows BP must perform to break even3Computed number of shows needed to earn $3,825,000 profit3Prepared BP’s contribution margin income statement3P18-26AComputed Big Time’s break even revenue in dollars3Computed dollar revenues needed to earn OI of $11,2003Graphed Big Time’s CVP relationships4Computed new BEP if average revenues increased to $900 per trade3Total:50

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