exam_1_studyguide_fall 2007

exam_1_studyguide_fall 2007 - ACC240Fall 2007 Exam #1 -...

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ACC240–Fall 2007 Exam #1 - STUDY GUIDE The multiple-choice questions may have several answers that appear to be correct; however, pick the BEST answer. Make sure you bring a calculator, pencils and an eraser . We will be using scantrons for the MC questions and these will be provided. Additionally, you will not be able to use the calculator available on cell phones. The exam is not finalized, but based on the draft expect the following: T/F and MC Portion 26 @ 5 points each = 130 points Problems 4 short answer/problems = 120 points Total 250 points Note: The following is not intended to be all inclusive Chapter 1 Be able to: Compare and contrast managerial accounting with financial accounting and distinguish between the information needs of external and internal users. Chapter 2 Be able to: Classify manufacturing costs as direct materials, direct labor, or overhead. Understand the cost flow and calculate the cost of goods manufactured and cost of goods sold. Identify product costs and period costs
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This note was uploaded on 05/09/2008 for the course ACC 240 taught by Professor Karengeiger during the Fall '07 term at ASU.

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exam_1_studyguide_fall 2007 - ACC240Fall 2007 Exam #1 -...

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