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2. ACC 543 Aspects of Employment and Environment Paper and PowerPoint (UOP) ACC 543 Capital Budget Recommendation (UOP) • Aspects of Employment and Environment Paper and PowerPoint You are an accountant at a small accounting firm. One of your clients is looking to open a small river-rafting business. Your client will run the business operations from a mobile home office on a piece of land on the riverbank. Your client must decide the best location to start this business and has asked you to explain the accounting • Kudler Fine Foods is a client of the Capital Budget Recommendation Guillermo Furniture, a company that manufactures midgrade and high-end sofas, has just hired you as an accountant. The owner, Guillermo Navallez, has assigned you the tasks of determining which decisions provide the greatest returns. Read the Guillermo Furniture Scenario and review the Guillermo Furniture Data Sheets on your student Web site. Enter your name ACC 543 Homework Peer Educator/acc543homeworkdotcom

3. ACC 543 Entire Course (UOP) ACC 543 Exercise 15-6B (UOP) • ACC 543 Flexible Budgets Team Paper • ACC 543 Capital Budget Recommendation • ACC 543 Aspects of Employment and Environment Paper and PowerPoint • ACC 543 Exercise 24-1 Net Present Value/Present Value Index • ACC 543 Exercise 24-8A: Determining the Internal Rate of Return • ACC 543 Exercise 24-6A: Determining Net Present Value • . • Exercise 15-6B Fixed versus variable cost behavior Professional Chairs Corporation produces ergonomically designed chairs favored by architects. The company normally produces and sells from 5,000 to 8,000 chairs per year. The following cost data apply to various production activity levels. . ACC 543 Homework Peer Educator/acc543homeworkdotcom

4. ACC 543 Exercise 15-12B (UOP) ACC 543 Exercise 15-17A Identifying Cost Behavior (UOP) • Exercise 15-12B Effect of cost structure on projected profits Logan and Martin compete in the same market. The following budgeted income statements illustrate their cost structures. Required a. Assume that Logan can lure all 80 customers away from Martin by lowering its sales price to $75 per customer. Reconstruct Logan’s income statement based on 160 customers. b. Assume that Martin can • Exercise 15-17A: Identifying Cost Behavior Identify the following costs as fixed or variable. Costs related to plane trips between San Diego, California, and Orlando, Florida, follow. Pilots are paid on a per trip basis. a. Pilots’ salaries relative to the number of trips flown. b. Depreciation relative to the number of planes in service. c. Cost of refreshments relative to the number of passengers. d. Pilots ACC 543 Homework Peer Educator/acc543homeworkdotcom

5. ACC 543 Exercise 16-9A (UOP) ACC 543 Exercise 18-17A (UOP) • Exercise 16-9A Mimosa Corporation expects to incur indirect overhead costs of $72,000 per month and direct manufacturing costs of $11 per unit. The expected production activity for the first four months of 2007 is as follows. Required a. Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. b. Allocate • Exercise 18-17A Hamby Company had 250 units of product in its work in process inventory at the beginning of the period and started 2,000 additional units during the period. At the end of the period, 750 units were in work in process inventory. The ending work in process inventory was estimated to ACC 543 Homework Peer Educator/acc543homeworkdotcom

6. ACC 543 Exercise 18-17B: Process Cost System Cost of Production Report (UOP) ACC 543 Exercise 19-24A: Assessing Simultaneous Changes in CVP Relationships (UOP) • Exercise 18-17B: Process Cost System Cost of Production Report At the beginning of 2004, Dozier Company had 1,800 units of product in its work in process inventory, and it started 19,200 additional units of product during the year. At the end of the year, 6,000 units of product were in the • 19-24A: Assessing Simultaneous Changes in CVP Relationships Green Shades Inc. (GSI) sells hammocks; variable costs are $75 each, and the hammocks are sold for $125 each. GSI incurs $250,000 of fixed operating expenses annually. Required a. Determine the sales volume in units and dollars required to attain a $50,000 profit. Verify your answer by preparing an income statement ACC 543 Homework Peer Educator/acc543homeworkdotcom

7. ACC 543 Exercise 22-6A Using a flexible budget to accommodate market uncertainty (UOP) ACC 543 Exercise 24-1 Net Present Value/Present Value Index (UOP) • Exercise 22-6A Using a flexible budget to accommodate market uncertainty According to its original plan, Katta Consulting Services Company would charge its customers for service at $200 per hour in 2006. The company president expects consulting services provided to customers to reach 40,000 hours at that rate. The marketing manager, however, argues that actual results may range from 35,000 • Exercise 24-1 Net Present Value/Present Value Index The management team at Savage Corporation is evaluating two alternative capital investment opportunities. The first alternative, modernizing the company’s current machinery, costs $45,000. Management estimates the modernization project will reduce annual net cash outflows by $12,500 per year for the next five years. The second alternative, purchasing a new machine, costs $56,500. The new machine is expected to have a five-year useful ACC 543 Homework Peer Educator/acc543homeworkdotcom

8. ACC 543 Exercise 24-3A: Present Value Analysis (UOP) ACC 543 Exercise 24-4A Determining the present value of an annuity (UOP) • Exercise 24-3A: Present Value Analysis Ginger Smalley expects to receive a $300,000 cash benefit when she retires five years from today. Ms. Smalley’s employer has offered an early retirement incentive by agreeing to pay her $180,000 today if she agrees to retire immediately. Ms. Smalley desires to earn a rate of return of 12 percent. Required a. Assuming that the retirement benefit is the only consideration in making the retirement decision, should Ms. Smalley accept her employer’s • Exercise 24-4A Determining the present value of an annuity The dean of the School of Social Science is trying to decide whether to purchase a copy machine to place in the lobby of the building. The machine would add to student convenience, but the dean feels compelled to earn an 8 percent return on the investment of funds. Estimates of cash inflows from copy machines that have been placed in other university buildings indicate that the copy machine would probably produce ACC 543 Homework Peer Educator/acc543homeworkdotcom

9. ACC 543 Exercise 24-5A Determining net present value (UOP) ACC 543 Exercise 24-5B: Purchase of Popcorn Machine (UOP) • 24-5A determining net present value Transit Shuttle Inc. is considering investing in two new vans that are expected to generate combined cash inflows of $20,000 per year. The vans’ combined purchase price is $65,000. The expected life and salvage value of each are four years and $15,000, • Exercise 24-5B: Purchase of Popcorn Machine Heidi Kahn, manager of the Grand Music Hall, is considering the opportunity to expand the company’s concession revenues. Specifically, she is considering whether to install a popcorn machine. Based on market research, she believes that the ACC 543 Homework Peer Educator/acc543homeworkdotcom

10. ACC 543 Exercise 24-6A: Determining Net Present Value (UOP) ACC 543 Exercise 24-8A: Determining the Internal Rate of Return (UOP) • Exercise 24-6A: Determining Net Present Value Travis Vintor is seeking part-time employment while he attends school. He is considering purchasing technical equipment that will enable him to start a small training services company that will offer tutorial services over the Internet. Travis expects demand for the service to grow rapidly in the first two years of operation as customers learn about the availability of the Internet assistance. Thereafter, he expects demand to stabilize. The following table presents the expected cash flows. In addition to these cash flows, Mr. Vintor expects to pay $8,400 • Exercise 24-8A: Determining the Internal Rate of Return Medina Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the company’s cash outflow for operating expenses by $1,280,000 per year. The cost of the equipment is $6,186,530.56. Medina expects it to have a 10-year useful life and a zero salvage value. The ACC 543 Homework Peer Educator/acc543homeworkdotcom

11. ACC 543 Flexible Budgets Team Paper (UOP) • Flexible Budgets Team Paper Write a paper of no more than 1,050 words in which you discuss flexible budgets. Explain the relationship between fixed and variable costs used in a flexible budget. Discuss the differences between static and flexible budgets and how a flexible budget lends itself to a ACC 543 Homework Peer Educator/acc543homeworkdotcom

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