# ACCT 556 Course Success is a Tradition - snaptutorial.com - PowerPoint PPT Presentation

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## ACCT 556 Course Success is a Tradition - snaptutorial.com

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### For more classes visit www.snaptutorial.com 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? – PowerPoint PPT presentation

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Title: ACCT 556 Course Success is a Tradition - snaptutorial.com

1
ACCT 556 Course Success is a Tradition
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ACCT 556 Course Success is a Tradition
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• ACCT 556 Week 1 Homework Problems
• ACCT 556 Week 2 Homework Assignment
• The new president of the Wernecke Company was
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. Predict the sales for 2006 using the moving
average method.
• 2. You noticed a sudden jump in sales in 2002.
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 Course Success is a Tradition
-snaptutorial.com
• ACCT 556 Week 3 Homework Problems
• ACCT 556 Week 4 Homework Problems
• 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
• Labor usage 0.4 hours per unit
• 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

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ACCT 556 Course Success is a Tradition
-snaptutorial.com
• ACCT 556 Week 5 Homework Assignment
• ACCT 556 Week 6 Homework Problem
• 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.
• 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
• 5. Projected overhead is 380,000

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ACCT 556 Course Success is a Tradition
-snaptutorial.com
• ACCT 556 Week 7 Course Project (Fanciful Inc)
• ACCT 556 Week 7 Course Project Fantastic Inc
• ACCT 556 Week 7 Course Project
• 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 Course Success is a Tradition
-snaptutorial.com
• ACCT 556 Week 7 Homework Problem
• 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?

7
ACCT 556 Course Success is a Tradition
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