Linda Michelle Coffee
ACCT 556: Budgeting
Assignment HW Week 7
Professor Dr William Whitley
Semester: Nov, Dec 2014 Online
mcoffee2004@aol.com
ACCT556
Week 7 Problem
Benefits of Social Programs
NOTE: It is expected that this problem will be completed usin
ACCT556 Final Exam Study Guide
YOU MAY WANT TO PRINT THIS GUIDE.
1. The Final Exam is open book, open notes. The maximum amount of time that you can
spend in the exam is 3 hours, 30 minutes. If you have not clicked the Submit For Grade button
by then, you
Linda Michelle Coffee
ACCT 556: Budgeting
Assignment HW Week 5
Professor Dr William Whitley
Semester: Nov, Dec 2014 Online
mcoffee2004@aol.com
AC556
Week 5 Problem
Cash Budget
Note: It is expected that this problem will be complete using an Excel spreadsh
Linda Michelle Coffee
ACCT 556: Budgeting
Assignment HW Week 3
Professor Dr William Whitley
Semester: Nov, Dec 2014 Online
mcoffee2004@aol.com
AC556
Week 3 Problem
Production Budgets
Note: It is expected that this problem will be complete using an Excel s
ACCT556
Budgeting Project
TO THE STUDENT
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 pr
AC556
Week 1 Problem
ABC Costing
NOTE: It is expected that this problem will be completed using an Excel spreadsheet
using formulas. Please see the Excel Tutorial that is available under the course home tab.
The new president of the Wernecke Company was s
Linda Michelle Coffee
ACCT 556: Budgeting
Assignment HW Week 4
Professor Dr William Whitley
Semester: Nov, Dec 2014 Online
mcoffee2004@aol.com
AC556
Week 4 Capital Budgeting Practice problem:
You have the following data about a proposed project:
Cost of n
Linda Michelle Coffee
ACCT 556: Budgeting
Assignment HW Week 6
Professor Dr William Whitley
Semester: Nov, Dec 2014 Online
mcoffee2004@aol.com
AC556
Week 6 Problem
Proforma Statements
NOTE: It is expected that this problem will be completed using an Excel
Week 1 Assignment- ABC Costing
Bogdana Bjeljac
July 8th, 2014
ACCT 556
Week 1 Assignment- ABC Costing/ BBjeljac
Films
Sales Price Per Unit
Direct Materials Per Unit
Direct Labor Cost per Hour
Direct Labor Hours per unit
Number of Units Produced
$150
$75
$
ACCT556
Week 3 Problem
Production Budgets
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 finished their sales p
ACCT556 Week 4 Lesson (SEP15)
Contents
Lesson
Page 1 of 7
06:12 AM MT
11/22/2015
Selling and Administrative Budgets, Pro Forma Income
Statement, Capital Expenditures Budget, and Costs of Features
Selling and Administrative Budget
Slowly, the puzzle pieces
Week 4 Discussion Problem
Data:
Initial investment $121,500
Increase in working capital $28,500
Length of investment 10 years
Salvage value $12,500
Before tax annual cash inflows $44,000
Tax rate 40%
Discount rate 15%
Team this data will be consistent for
ACCT556 Week 5 Lesson (SEP15)
Contents
Lesson
Page 1 of 12
10:54 AM MT
11/29/2015
The Cash Budget and Capacity
The Cash Budget
Cash is the lifeblood
of every organization.
It is extremely
important that both
the short- and longterm cash needs of
the organ
Sales Forecasting
Page 1 of 4
Audio Script for Sales Forecasting
Hi, its Stanley again. This week Im working on the Poulan Company account. Today I
need to project the sales from next year. Im going to look into a few different methods
to predict sales ba
Name: Jamesia Washington
Assignment: Case Study 1
Springfield Express is a luxury passenger carrier in Texas. All seats are first class, and the
following data are available:
Number of seats per passenger train car
Average load factor (percentage of seats
Wernecke Company
ACCT556 Week 1 Problem
ABC Costing
The new president of the Wernecke Company was stumped. Why had profits gone down? He had directed the sales de
and the sales department had come through with flying colors. The percent of flams sold had
The Schonlind Company has gathered information regarding past sales:
Year
2006
2007
2008
2009
2010
2011
2012
Sales
$300,000
225,000
325,000
650,000
540,000
675,000
825,000
Required:
1. Predict the sales for 2013 using the moving average method.
$3,540,000
ACCT556
Week 7 Problem
Benefits of Social Programs
NOTE: It is expected that this problem will be completed using an Excel spreadsheet using formulas. Please see the Excel Tuto
under the course home tab.
A community public works project will cost $55,000
ACCT556
Week 6 Problem
Proforma Statements
NOTE: It is expected that this problem will be completed using an Excel spreadsheet using formulas. Please see the Excel Tutorial that is av
The Duncan Company has just completed a number of budgets for the comin
ACCT556
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 c
George and William Phelps
George and William Phelps are considering a 6 year project that would require a cash outlay of $80,000 for equipment and an
end of the project. The equipment would be depreciated evenly over the 6 years and have a salvage value o
ACCT556 Week 3 Problem Pro
Note: It is expected that this problem will be complete using an Excel spreadsheet using formulas. Please see the Excel Tuto
The Hale Company finished their sales projections for the coming year. The company produces one product
ACCT556 Week 3 Lesson (SEP15)
Contents
Lesson
Page 1 of 12
06:11 AM MT
11/22/2015
The Production Budgets and Activities
Production and Capacity
Manufacturing firms need capacity in
order to produce their products;
however, this requires a balancing act
so
ACCT556 Week 1 Lesson (SEP15)
Contents
Lesson
Page 1 of 9
06:09 AM MT
11/22/2015
An Introduction to Budgeting
What is Budgeting?
The traditional definition for
budgeting is a process where
limited dollars are allocated to
various areas within an
organizat
ACCT556 Week 2 Lesson (SEP15)
Contents
Lesson
Page 1 of 28
06:10 AM MT
11/22/2015
Forecasting and Strategy
Forecasting Sales
The sales forecast is the starting point for
the master budget, whether developed
using traditional or ABB methods. Without
sales,
LindaMichelleCoffee
ACCT556:Budgeting
AssignmentHWWeek2
ProfessorDrWilliamWhitley
Semester:Nov,Dec2014Online
mcoffee2004@aol.com
The Schonlind Company has gathered information regarding past sales:
Year
1999
2000
2001
2002
2003
2004
2005
Sales
$300,000
22
ACCT556 Midterm Exam Study Guide
YOU MAY WANT TO PRINT THIS GUIDE.
1. The Midterm Exam is open book, open notes. The maximum amount of time that you can spend in
the exam is 2 hours, 30 minutes. If you have not clicked the Submit For Grade button by then,
(TCO A) What is a cash budget? Describe the major sections of the cash budget.
Student
Answer:
A cash budget is an estimated plan of a company's expescted cash receipts (inflows) and
disbursements (outflows) during an accounting period. The purpose of a c
Sheet1
ACCT 556 Week 1 Problem
1
Flims
Flams
1 x 25,000 = 25,000 direct labor hours
5 x 15,000=75,000 direct labor hours
2
3,000,000. / 40,000. = $75
3
Flims:
Direct Materials
Direct Labor
Variable Overhead
$75 x 25,000 =
$25 x 25,000=
$3,000,000 x (25,00
ACCT556
Week 1 Problem- ABC Costing
Flims
Sales Price/Unit
$150
Direct Materials/Unit
$75
Direct Labor Cost/Hour
$25
Direct Labor Hours/Unit 1 hour/unit
Number of Units Produce 25,000
Flams
Sales Price/Unit
$500
Direct Materials/Unit
$200
Direct Labor Cos
ACCT556
Week 6 Problem
Proforma Statements
The Comet 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
ACCT556
Week 2 Problem- Sales Forecasting
Year
2006
2007
2008
2009
2010
2011
2012
Sales
$300,000
$225,000
$325,000
$650,000
$540,000
$675,000
$825,000
1. Predict the sales for 2013 using the moving average method
FORMULA: Forecast for 2013 = sum of histor