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For more course tutorials visit\nwww.uophelp.com\n\n\nACCT 556 Week 1 Homework\n \n \nThe 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

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### ACCT 556 Endless Education/Uophelp.Com

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### ACCT 556 Endless Education/Uophelp.Com

ACCT 556 Week 1 Homework Problems

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ACCT 556 Week 1 Homewor

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?

### ACCT 556 Endless Education/Uophelp.Com

ACCT 556 Week 2 Homework Assignment

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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?

3. If you revised you historical sales to be used to project 2006 sales, recalculate your projection using the moving average method.

4. Which projection (question 1 or question 3) do you

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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

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ACCT 556 Week 4 Homework Problems

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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) \$28,500

Tax rate 35%

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ACCT 556 Week 5 Homework Assignment

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Week 5 Problem

Cash Budge

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 Week 6 Homework Problem

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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

3. Projected direct material usage is \$495,000

4. Projected direct labor expense is \$400,000

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ACCT 556 Week 7 Course Project (Fanciful Inc)

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ACCT 556 Week 7 Course Project

### ACCT 556 Endless Education/Uophelp.Com

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 of the corporation as well as to provide suggestions for the future. In short, you will be responsible for the planning and control procedures for the company from an accounting standpoint.

### ACCT 556 Endless Education/Uophelp.Com

ACCT 556 Week 7 Homework Problem

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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?

4. If possible, revise the cost shares to allow the project to meet the Pareto criterion and to pass a referendum.

### ACCT 556 Endless Education/Uophelp.Com

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