Midsem2009_1 - Note to the practice questions: 1) Please...

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Note to the practice questions: 1) Please ignore question 2 in this installation as transfer pricing will not be examined in the mid- session exam. 2) Please keep in mind that the topics in the mid-session exam need not be the same as those covered by the practice questions. The purpose of these practice questions are for you to have some practice in answering exam questions. It is not indicative of the content of the mid-session exam. 3) If you have any problems with these questions, you can visit the tutors in their consultation in Week 7.
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1 SURNAME OF CANDIDATE: FIRST NAME OF CANDIDATE: STUDENT ID: LECTURE TIME: TUTORIAL NUMBER AND TIME: TUTOR’S NAME: SIGNATURE: SCHOOL OF ACCOUNTING ACCT 2522 Management Accounting: Process Improvement and Innovation Practice Mid-Session Examination Time allowed: 90 minutes, plus 5 minutes reading time Total of 50 marks The candidate may NOT retain this paper This exam represents 25% of your total mark for this course This paper consists of THREE (3) questions of unequal value Answers must be written on the lines or in the boxed area provided – any other writing will NOT be marked. Answers are to be written in ink Answer ALL questions Some spare pages have been left for your rough workings at the end of the paper. Workings on these pages will not be marked . Do not detach. DO NOT OPEN THIS PAPER UNTIL INSTRUCTED BY THE EXAM SUPERVISOR Q Mark 1 2 3 Total
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2 Question 1 (10 marks) Mercury Asbestos Removal Company Ltd is in the business of removing toxic asbestos insulation and related products from buildings. There has been an on going dispute between the company’s estimator and the work supervisors. Mr Dennis Clean, the on-site supervisor, claims that the estimators do not take enough care in distinguishing between routine work such as the removal of asbestos insulation around heating pipes in older homes, and non- routine work such as the removal of asbestos-contaminated ceiling plaster in industrial buildings. Dennis believes that non-routine work is far more expensive than routine work and should attract higher customer charges. Mr Jonas Cable, one of the estimators, sums up his position in this way: “My job is to measure the area to be cleared of asbestos. As directed by top management, I simply multiply each square metre by $20.00 to determine the bid price. Since our average cost is only $11.00 per square metre, that leaves enough of a cushion to take care of the additional
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This note was uploaded on 01/31/2012 for the course ACCT acct taught by Professor A during the Three '11 term at University of New South Wales.

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Midsem2009_1 - Note to the practice questions: 1) Please...

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