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ACCT 556 Week 1 Homework Problems FOR MORE
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Week 1 Homework The new president of the
Wernecke Company was stumped. Why had profits
gone down? He had directed the sales department
to push the product with the highest contribution
margin, and the sales department had come through
with flying colors. The percent of flams sold had
increased from 25 of units sold to 37.5 of
units sold. So what happened?
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ACCT 556 Week 2 Homework Assignment FOR MORE
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Week 2 Homework Assignment The Schonlind Company
has gathered information regarding past sales
Required 1. Predict the sales for 2006 using
the moving average method. 2. You noticed a
sudden jump in sales in 2002. After inquiring
about this jump, you were told that there was a
one-time sale for 200,000 in that year that is
not likely to be repeated. What revision, if any,
would you make in the sales information used for
projection?
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ACCT 556 Week 3 Homework Problems FOR MORE
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Week 3 Homework Problem Production Budgets The
Hale Company finished their sales projections for
the coming year. The company produces one
product. Part of next years sales projections
are as follows Engineering has developed the
following standards upon which the production
budgets will be developed Item Standard
Materials usage 5 lbs per unit Material price
per pound 1.50 per pound
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ACCT 556 Week 4 Homework Problems FOR MORE
CLASSES VISIT www.acct556rank.com   Week 4
Capital Budgeting Practice problem You have
the following data about a proposed project
Cost of new equipment 80,000 Increase need
for Working Capital (to be released at end of
project) 20,000 Length of project 6 years
Salvage Value of equipment at end of project
8,000 Annual cash savings if equipment is
purchased (cash inflows)
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ACCT 556 Week 5 Homework Assignment FOR MORE
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Week 5 Problem Cash Budget Note It is
expected that this problem will be complete using
an Excel spreadsheet using formulas. Please see
the Excel Tutorial that is available under the
course home tab. The Hale Company is currently
working on its cash budget for the coming year.
The following information is available
Projected sales for the coming year The
collection history of the Hale Company has been
as follows 20 of sales are collected in the
month of the sale.
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ACCT 556 Week 6 Homework Problem FOR MORE
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Week 6 Problem Proforma Statements The Duncan
Company has just completed a number of budgets
for the coming year. The cost of goods
manufactured schedule, the proforma income
statement and the balance sheet still have to be
completed. The following information is
available Information from recent budgets for
the coming year 1. Projected sales are
1,800,000 (12,690 units) 2. Projected direct
material purchases are 500,000
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ACCT 556 Week 7 Course Project (Fanciful Inc)
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T 556 Week 7 Course Project
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ACCT 556 Week 7 Course Project Fantastic Inc FOR
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556 Week 7 Course Project Fantastic Inc
Fantastic, Inc. is a case study which allows you
to incorporate numerous financial and managerial
accounting concepts into a single business
setting. You will take the position of the
company controller who will prepare the budget
for the year ended December 31, 2006, using the
actual data from 2001 through 2005 and
information given to you by various departments.
You will prepare a report for the president of
the company describing the strengths and weakness
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ACCT 556 Week 7 Homework Problem FOR MORE
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Week 7 Problem Benefits of Social Programs A
community public works project will cost 55,000
dollars and will benefit 5 different
individuals 1. Is this project economically
feasible? Show work in an excel spreadsheet that
lists the benefit for each individual. 2. Would
this project be approved by a majority at a
majority at a referendum? 3. Does the project
meet the Pareto efficiency improvement criterion?
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