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Unformatted text preview: Given data, analyze a make or buy decision Given an ABSORPTION basis income statement and other data, discuss the differences in net income if VARIABLE costing methods were used Understand and APPLY the concept of Overhead costs (what are OH costs?) Apply over/under applied overhead concepts Prepare a production report under the weighted average and/or FIFO method (process costing) Given data, understand (not calculate) and apply NPV decision rules Given data, calculate NPV for an investment project Given data, understand and apply both NPV and PI criteria Understand, explain, and defend the stance that, when evaluating several investment projects, management many not always select the project with the highest NPV *** Remember: the final exam must be completed in 3.5 hours ***...
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- Spring '10