Mgmt_201_(Ganguly)_FinalExam_Fall05_v4Soln - Final Exam...

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Final Exam Fall 2005 COURSE : MGMT 201 DATE : December 12, 2005 FirstName__________________ MI_________ LastName ________________________ Student ID#:__ __ __ __ __-__ __ __ __ __ Section Number__ __ __ __ ================================================================== INSTRUCTIONS Please fill in the above information AND the information required on the scantron from your Purdue ID card (PUID) and from the section numbers listed here. Use the scantron sample given below as a checklist to make sure all required information is entered! Please remember to fill in the bubbles. Section information: Section # Section Teacher Section Meeting Time Section meeting location 0101 David Truong F 8:30-9:20am KRAN G020 0201 Sam Pae F 9:30-10:20am KRAN G020 0301 Hsin-Tsai Liu F 10:30-11:20am KRAN G020 0401 Sam Pae F 11:30am -12:20pm KRAN G020 0501 Hsin-Tsai Liu F 12:30-1:20pm KRAN G020 0502 Sam Pae F 12:30-1:20pm RAWL 1062 0601 David Truong F 1:30-2:20pm KRAN G020 0701 Hsin-Tsai Liu F 9:30-10:20 KRAN G016 Name, as above Sample scantron: Test Number: 04 Page 1
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INSTRUCTIONS (Please Read!) (1) Please fill in your required identifying information (A) on the cover of this exam and (B) on the scantron, as indicated by samples on the cover page! (2) In Section II, if you run out of time and cannot complete an item, leave a clear computation without actually computing the answer. You will get full credit. For example, if the answer is found as follows: $[(1000/2 + 300) * 1.50] = $1,200, then writing $[(1000/2 + 300) * 1.50] without computing the final answer will get you full credit. This policy will NOT hold for Section I (multiple choice questions) . (3) Some tables will be found on the last page of the exam. Please use all the digits as given in the table. You may NOT use any other tables of your own. (4) We will answer procedural questions during the quiz or exam, but no questions related to any problem-related confusion. If you are confused or have any doubts, make the most reasonable assumption you can, and write your assumption down for us to see. If the confusion seems legitimate, we will consider it in grading. (5) Please pace yourself. Do not obsess over any particular item with which you are having a problem. Please move on and come back to troublesome items later, if you can. Section I (Answer on Scantron): 30 raw points 1. Santa Fe Corporation has computed the following unit costs for the year just ended: Direct material used $25 Direct labor 19 Variable manufacturing overhead 35 Fixed manufacturing overhead 40 Variable selling and administrative cost 17 Fixed selling and administrative cost 32 Which of the following choices correctly depicts the per-unit cost of inventory under variable costing and absorption costing? Variable
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Mgmt_201_(Ganguly)_FinalExam_Fall05_v4Soln - Final Exam...

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