Guidelinet1 - 3 Overhead proration and journal entries –...

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Guideline for the 1 st exam preparation -- cost accounting summer 2011 1. [78 points] There are 39 multiple choice questions (7 each from Chapters 1 and 2, and 5 each from Chapters 4, 5, 6, 7 and 8) All questions are non-computational. Sample: ____. Which type of company converts raw materials into finished products? a.Not-for-profit b.Service c. Merchandising d.Manufacturing 2. Problems [78 points] There are 8 problems. 1) Manufacturing firm product cost flows – Chapter 2. [9 points] 2) Job costing, two departments, different bases -- Chapter 4. [12 points]
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Unformatted text preview: 3) Overhead proration and journal entries – Chapter 4, [14 points] 4) Simple system, ABC, 2 products, 2 activity pools – Chapter 5, [10 points] 5) Cash collection for a month, merchandiser – Chapter 6, [9 points] 6) Flexible budget, sales-volume variance – Chapter 7, [8 points] 7) Standard costs, PV & EV for material and labor – Chapter 7, [8 points] 8) 4-variance analysis – manufacturing overhead – Chapter 8, [8 points] Maximal points a student can earn = 78 + 78 = 156 156 – 145 = 11 build-in bonus points...
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