MidtermExam-solutions-AFM102s09

MidtermExam-solutions-AFM102s09 - AFM 102: Introduction to...

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AFM 102: Introduction to Managerial Accounting Student Name: _________________________ Midterm Exam – Spring 2009 Student Number: _________________________ AFM 102 Introduction to Managerial Accounting Midterm Exam Spring 2009 Instructor: Robert Ducharme Date: June 12, 2009 Time: 4:30pm – 6:30pm (2 hours) Student Number: Student Name: WatIAM/Quest ID: Class Lecture Section: 001 – W 7:00pm – 9:50pm Class Tutorial Section (check one): 101 – F 12:30pm-1:20pm 102 – F 1:30pm-2:20pm 103 – F 2:30pm-3:20pm Instructions 1. Identify your exam documents. Be sure to write your student number, name and WatIAM/Quest userid on this exam paper and the UW Multiple Choice Answer Card. Both this paper and the accompanying UW answer card must be handed in. One (1) mark will be deducted for each missing element of requested identification. 2. Cordless, non-programmable calculators may be used. The calculator must be “stand-alone” with no other communication or data storage features. Cell phones are not permitted. 3. Answers for the multiple choice questions must be recorded on the UW Answer Card (the UW Answer Card will not be returned, for your own reference you may want to make note of your selections on the exam paper which will be returned, however the multiple choice selections on the exam paper will not be graded). All other questions must be answered in the space provided on the examination paper. Answers written outside of the provided space will not be graded. 4. For maximum marks, show details of all your calculations. 5. Document any assumptions you consider relevant to the question. In making assumptions, it is inappropriate to assume away facts or change the nature of the question. Make the assumptions which allow you to demonstrate the most knowledge. However, keep the exam time limits in mind. 6. Please verify that this examination document is complete by checking for all appropriate pages, in total and in sequence. Marking Summary Q# Points Available Topic(s) Points Awarded 1 6 the work of management 2 7 classification of labour costs for manufacturing 3 12 job order costing concepts 4 8 activity based costing 5 12 cost behaviour 6 12 CVP analysis 7 38 (38 x 1) multiple choice Total 95 page 1 of 20
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AFM 102: Introduction to Managerial Accounting Student Name: _________________________ Midterm Exam – Spring 2009 Student Number: _________________________ Question 1 (6 points) During the introduction of this course (and in the first chapter and during the first lecture), The work of management was described and it was explained in the text that managers carry out three main activities. Identify each of the three main activities that a manager carries out, and briefly describe the activity and give examples of each of the three main activities in the table provided (90 words or less). Work of Management:
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This note was uploaded on 08/09/2009 for the course AFM 102 taught by Professor R.ducharme during the Spring '09 term at Waterloo.

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MidtermExam-solutions-AFM102s09 - AFM 102: Introduction to...

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