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ACCT 556 Week 1 Homework Problems FOR MORE
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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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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.
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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
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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
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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
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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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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
of the corporation as well as to provide
suggestions for the future.
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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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