201-Exam 1-Version1-ANS-S'10

201-Exam 1-Version1-ANS-S'10 - Name Seat Number Recitation...

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- 1 - Name Recitation Section Number Seat Number MIDTERM 1 Management 201 - Spring 2010 1. This examination consists of 33 multiple-choice questions. Each question is worth 3 points. 2. You must sit in your assigned seat to take the exam. If you are not in the correct seat, you will lose 5 points. 3. Print and code your name, ID number, and your section number on the computer answer sheet; please enter your section number as listed below. In the blank for TEST, please write the version number below. Be sure to use a number 2 pencil and sign the answer sheet. 4. You will have 1.5 hours to complete the exam. The exam will end at 9:30 p.m. All multiple- choice questions must be coded on the answer sheet before the end of the examination period at 9:30. Your score on these questions is based only on the coded answers. Please help us collect exams promptly when the exam is over. 5. Use of unauthorized written materials, receiving or giving verbal or written assistance from or to another person during an exam is considered cheating. Any student discovered cheating in an examination will be given a grade of F for the course. 6. Please enter your recitation section number in the space provided on the answer sheet; please enter it as it is listed below. Recitation Section Instructor Day and Time Room Sections: 0003 Wen Li F 8:30 AM – 9:20 AM RAWL 1011 0005 Wen Li F 9:30 AM – 10:20 AM RAWL 1011 0007 Monali Gadde F 10:30 AM – 11:20 AM RAWL 1011 0008 Avik Saha F 10:30 AM – 11:20 AM RAWL 1057 0009 Monali Gadde F 11:30 AM – 12:20 PM RAWL 1011 0010 Avik Saha F 11:30 AM – 12:20 PM RAWL 1057 0011 Gagneet Chadha F 12:30 PM – 1:20 PM RAWL 1011 0012 Avik Saha F 12:30 PM – 1:20 PM RAWL 1057 0013 Gagneet Chadha F 1:30 PM – 2:20 PM RAWL 1011 0014 Avik Saha F 1:30 PM – 2:20 PM RAWL 1057 0015 Arjun Venkataraman R 2:30 PM – 3:20 PM KRAN G004 0016 Arjun Venkataraman R 3:30 PM – 4:20 PM KRAN G004 Version 1 - Pink - 2- 1. Which of the following would not be classified as a product cost? A. Direct materials. B. Direct labor. C. Indirect materials. D. Insurance on a manufacturing plant. E. Sales commissions. E. Sales commissions are selling costs; all other costs are manufacturing costs. 2. The accounting records of Tacoma Company revealed the following costs: direct materials purchased, $190,000; direct materials used, $170,000; direct labor, $350,000; manufacturing overhead, $400,000; selling and administrative expenses, $220,000, and research and development expenses, $130,000. Tacoma's product costs total: A. $520,000. B. $750,000. C. $940,000. D. $1,140,000. E. some other amount. E. Product costs = DM used + DL + OH = $170,000 + $350,000 + $400,000 = $920,000 3. Which of the following entities would most likely have raw materials, work in process, and finished goods? A.
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This note was uploaded on 04/26/2011 for the course MGMT 201 taught by Professor Thoman during the Spring '11 term at Southwestern.

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201-Exam 1-Version1-ANS-S'10 - Name Seat Number Recitation...

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