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SampleCostExam1_1

# SampleCostExam1_1 - Central Missouri State University Cost...

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Central Missouri State University Cost & Managerial Accounting SAMPLE EXAM #1 A Sample of the Types of Questions Dr. Fessler Asks on His Exams... (30 minute time limit) 1. At a breakeven point of 400 units sold, the total variable costs were \$400 and the total fixed costs were \$200. What will the 401st unit sold contribute to income before income taxes? a. \$0 b. \$0.50 c. \$1.00 d. \$1.50 e. \$200 2. In a make or buy decision: 3. The Letter Company makes products A and B in a joint process from a single input, R. During a typical production run, 50,000 units of R yield 20,000 units of A and 30,000 units of B at the split-off point. Joint production costs total \$90,000 per production run. The unit selling price for A is \$4.00 and for B is \$3.80 at the split-off point. However, B can be processed further at a total cost of \$60,000 and then sold for \$7.00 per unit. In a decision between selling B at the split-off point or processing B further, which of the following items is not relevant:

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SampleCostExam1_1 - Central Missouri State University Cost...

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