ADM2341N Quiz1 W2009 Sol

ADM2341N Quiz1 W2009 Sol - Quiz 1 Managerial Accounting...

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Unformatted text preview: Quiz 1 Managerial Accounting Winter 2009 Grade /20 Solution ADM2341N Professor Eden STUDENT NAME: ...................................................... STUDENT NUMBER: .................................................... Instructions : Answer all questions in this booklet. Please limit your answer to the space provided. The use of standard abbreviations (O/H for Overhead and DM for direct material is quite acceptable.. Please do not ask the invigilators questions. Make reasonable assumptions where necessary. .Language dictionaries are allowed. Q. 1 Books, Ltd. of Ottawa, produces books, and had the following COGM information at December 31, 2007 and 2008. 2007-12-31 2008-12-31 Production Cost of goods manufactured Work in process inventory, beginning Work in process inventory, ending Direct materials inventory, per unit Direct labor, per unit Manufacturing overhead 200,000 $5,600,00 $80,000 $40,000 $8 $15 ? units 400,000 $10,400,00 $40,000 $120,000 $8 $15 ? Units REQUIRED 1. For both years, determine total manufacturing overhead costs. If 300,000 units are produced in 2009, what would be the total manufacturing costs incurred? ..............................................................................................................................................................
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This note was uploaded on 02/03/2010 for the course ADM ADM2341 taught by Professor Edden during the Winter '09 term at University of Ottawa.

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ADM2341N Quiz1 W2009 Sol - Quiz 1 Managerial Accounting...

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