ACCT 556 Slingshot Academy / snaptutorial.com

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ACCT 556
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ACCT 556 Slingshot Academy
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ACCT 556 Slingshot Academy / snaptutorial.com
ACCT 556 Week 1 Homework Problems
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? Required 1. Calculate the
Wernecke Companys estimated direct labor hours
to produce flims and flams.
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ACCT 556 Slingshot Academy / snaptutorial.com
ACCT 556 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 Slingshot Academy / snaptutorial.com
ACCT 556 Week 3 Homework Problems
ACCT 556 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

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ACCT 556 Slingshot Academy / snaptutorial.com
ACCT 556 Week 4 Homework Problems
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

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ACCT 556 Slingshot Academy / snaptutorial.com
ACCT 556 Week 5 Homework Assignment
ACCT 556 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

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ACCT 556 Slingshot Academy / snaptutorial.com
ACCT 556 Week 6 Homework Problem
ACCT 556 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

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ACCT 556 Slingshot Academy / snaptutorial.com
ACCT 556 Week 7 Course Project (Fanciful Inc)
ACCT 556 Week 7 Course Project
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ACCT 556 Slingshot Academy / snaptutorial.com
ACCT 556 Week 7 Course Project Fantastic Inc
ACCT 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.
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ACCT 556 Slingshot Academy / snaptutorial.com
ACCT 556 Week 7 Homework Problem
ACCT 556 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.
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