201-Midterm 1-F'10-Ver1-Solution

201-Midterm 1-F'10-Ver1-Solution - Name Seat Number...

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1 Name Recitation Section Number Seat Number MIDTERM 1 - SOLUTION Management 201 - Fall 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. In all problems answers are rounded to the nearest dollar or cent as appropriate. Thus if you compute an answer to be $1.333333333333 and an answer of $1.33 is given; the $1.33 is the correct answer. Similarly, if you compute an answer to be $432.897654, all answers are rounded to the nearest dollar, and the answer $433 is provided; $433 is the correct answer. Recitation Section Instructor Day and Time Room Sections: 0003 Krystal Miller F 8:30 AM – 9:20 AM KRAN G020 0004 Krystal Miller F 9:30 AM – 10:20 AM KRAN G020 0005 Krystal Miller F 10:30 AM – 11:20 AM KRAN G020 0006 Gerardo Baltodano F 11:30 AM – 12:20 AM KRAN G020 0007 Gerardo Baltodano F 12:30 AM – 1:20 PM KRAN G020 0008 Krystal Miller F 12:30 AM – 1:20 PM RAWL 1011 0009 Gerardo Baltodano F 1:30 PM – 2:20 PM KRAN G020 0010 Brian Bobo F 1:30 PM – 2:20 PM RAWL 1011 0011 Gerardo Baltodano F 2:30 PM – 3:20 PM KRAN G020 0012 Brian Bobo F 2:30 PM – 3:20 PM RAWL 1011 Version 1 (Green) 2 Answer questions 1 and 2 using the following information: The West Company manufactures several different products. Unit costs associated with Product ORD203 are as follows: Direct materials $ 40 Direct manufacturing labor 8 Variable manufacturing overhead 12 Fixed manufacturing overhead 23 Sales commissions (2% of sales) 6 Sales persons salaries 7 Administrative salaries 9 Total $105 1. What are the variable costs per unit associated with Product ORD203? A. $60 B. $83 C. $66 D. $48 E. None of the above. Answer: C Direct materials, Direct manufacturing labor, Variable manufacturing overhead and Sales commissions are all variable costs; $40 + $8 + $12 + $6 = $66. 2.
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201-Midterm 1-F'10-Ver1-Solution - Name Seat Number...

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