A100_Final_Exam_Spring_1_2007+-+problems

A100_Final_Exam_Spring_1_2007+-+problems - A100 Final Exam...

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A100 Final Exam Spring 1 2007 First Eight Weeks Exam version A Instruction 1: Fill in the information below. Write clearly: NAME (print): E-mail address: . Name (Signature): Student i.d. # : . Course Section #: . Instruction 2: Read carefully and follow the directions below: There are 34 multiple-choice questions on this exam. Be sure your exam is complete. You will have until 11:00 p.m. to finish the exam. For each question, select the best answer from among the alternatives provided. In order to receive credit for your answers, you must mark them on the machine-readable answer sheet provided. Answers on the exam itself will not be considered in grading the exam. The answer sheet should be completed as follows: - Name (Last name (followed by a space), then first name. Fill in the bubbles below. See example at the front of the room. - Student identification number. Fill in the bubbles below. See example at the front of the room. - In the “Special Codes” area, fill in your section number in columns (k through o). Fill in the bubbles below. See example at the front of the room. - There are multiple versions of this exam. Indicate your version on the answer sheet by entering an “A” in the very last space of the NAME section of your answer sheet. Fill in the “A” bubble below. See example at the front of the room. You may not use calculators or scrap paper during the exam. When you complete the exam (including checking your work if you have time), place your answer sheet behind your exam and turn both the exam and answer sheet in to the exam proctor as you leave the room. NO EXAM MATERIALS MAY LEAVE THIS ROOM. Failure to turn in all exam materials is a violation of the Honor Code. Do not ask the exam proctors questions during the exam. If you discover an error or ambiguity on the exam, make the best assumption you can and continue working. GOOD LUCK!
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1. a Direct materials, direct labor, property tax on the factory, depreciation of the manufacturing equipment. b Direct materials, factory engineer's salary, property tax on the factory, depreciation of the manufacturing equipment. c Direct labor, indirect materials, electricity for the factory, depreciation of the factory d Manufacturing overhead, direct labor, factory engineer's salary, product assembly line employees' wages e None of the above. 2. Our only product has a selling price per unit of $4, and a contribution margin per unit of $2. Our net income is $20,000 when we sell 20,000 units. What is the amount of our total fixed costs? a $50,000 b $40,000 c $60,000 d $20,000 e $30,000 3. When we manufacture and sell 10,000 units of our (only) product, our net income is $16,000, our variable cost per unit is $ 3, and our fixed cost per unit is $ 4. What is our net income if we sell 15,000 units? a
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This note was uploaded on 02/24/2011 for the course ECON 302 taught by Professor Prof.ds during the Summer '09 term at Harvard.

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A100_Final_Exam_Spring_1_2007+-+problems - A100 Final Exam...

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