Quiz 1 - Fall 2009 - University of Toronto Joseph L Rotman...

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University of Toronto Joseph L. Rotman School of Management October 8, 2009 RSM222 H1F Managerial Accounting Duration: 1 hour Aids allowed: Non-programmable calculator Instructions: Please print your name and student number in the spaces provided below . There are three parts You must use a pen. Do not use WHITEOUT . Clearly show all computations in the test paper in order to obtain full marks for the problems. Tests written in pencil will not be considered for remarking. ----------------------------------------------- --------------------------------------------- Student name (LAST NAME FIRST) Student number Marks: Part #1 - 10 marks Part #2 5 marks Part #3 30 marks Total 45 marks
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PART 1 (2 marks each, 10 marks) Questions 1, 2 and 3 are based on the following information pertaining to Gladstone Manufacturing for Year 2. Raw materials used in production $ 2,800 Total manufacturing costs added 16,000 Applied factory overhead 6,600 Selling and administrative expenses 4,300 Inventories: Raw materials, January 1 $ 960 Work in process, January 1 $ 1,460 Finished goods, January 1 $ 960
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This note was uploaded on 02/02/2010 for the course MANAGEMENT A taught by Professor X during the Spring '10 term at University of Toronto.

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Quiz 1 - Fall 2009 - University of Toronto Joseph L Rotman...

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