ADM2341_Midterm_F09 Sol

ADM2341_Midterm_F09 Sol - Midterm Exam Managerial...

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Unformatted text preview: Midterm Exam Managerial Accounting Fall 2009 Solution ADM2341A Ron Eden 80 minutes STUDENT NAME: .................................................... STUDENT NUMBER: ................................................. You may separate the pages but ensure that you put them back together and staple before handing in. 1. Please limit your answer to the space provided. Please indicate if you use the back of a page. 2. The use of standard abbreviations (O/H for Overhead and CM% for Contribution Margin Percentage) is quite acceptable. 3. Budget your time wisely . 4. Please do not ask the invigilators questions. Make reasonable assumptions where necessary. 5. Language dictionaries are allowed. 6. You must show calculations. Questions Max Grade Q.1 8 Q.2 6 Q.3 16 Q.4 5 Q.5 20 Total 55 You must sign the following Statement of Academic Integrity The School of Management does not condone academic fraud, an act by a student that may result in a false academic evaluation of that student or of another student. Without limiting the generality of this definition, academic fraud occurs when a student commits any of the following offences: plagiarism or cheating of any kind, use of books, notes, mathematical tables, dictionaries or other study aid unless an explicit written note to the contrary appears on the exam, to have in his/her possession cameras, radios (radios with head sets), tape recorders, pagers, cell phones, or any other communication device which has not been previously authorized in writing. Statement to be signed by the student: I have read the text on academic integrity and I pledge not to have committed or attempted to commit academic fraud in this examination. Signed:______________________________________ Note: an examination without this signed statement will not be graded and will receive an exam grade of zero. Midterm ADM 2341A Fall 2009 Page 1 of 8 Number in brackets is the grade for the question Q.1 (8) Sender Incorporated produces croquet sets. The company incurred the following costs to produce 2,000 sets last month: Wooden cases (1 per set) Balls (6 per set) Mallets Wire hoops (12 per set including extras) Straight-line depreciation Supervisors’ salaries $ 4,000 6,000 12,00 4,800 2,400 4,400 Total $ 33,60 1.1 What would be the total cost for 2500 sets? 1.2 If the price is $20/set, what is the margin of safety in units at sales of 2500 units? 1.3 What would be the operating leverage at sales of 2,500 units? 1.1 .................................................................................................................................................. .....................................................................................................................................................
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ADM2341_Midterm_F09 Sol - Midterm Exam Managerial...

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