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ACCT 556 Week 1 Homework Problems
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ACCT 556 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
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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 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
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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 year’s 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
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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
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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:
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
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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:
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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ACCT 556 Week 7 Course Project

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ACCT 556 Week 7 Course Project Fantastic Inc
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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
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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.
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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