Study Guide_Midterm 2C

Study Guide_Midterm 2C - University of Toledo Accounting...

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University of Toledo Accounting for Business Decisions BUAD 2050 – Fall 2011 Study Guide – Midterm 2 Exam Instructions: Bring Aurora HC101X or B calculator, Photo ID, No. 2 pencils and eraser. All electronic devices are not allowed and must be put away in backpacks, purses, etc. during the exam. Use of cell phones or any other electronic devices is prohibited and will be considered cheating. Appropriate measures will be taken. Exam Format: 25 MCQs (conceptual & problems) @ 4 points + 2 bonus @ 2.5 each. Exam Topics: The exam covers chapters 4, 5, 6 & 12. Topics include the following: Chapters 4 & 12: Cost Accounting: Tracing, Allocation & Systems Terms: Cost objects, cost pools & cost drivers Classifying cost according to Traceability (independent concept and context sensitive) Direct Cost ability to trace cost easily, conveniently & economically to a cost object Overhead cost cost cannot be easily, conveniently & economically traced to a cost object Total accumulated cost
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This note was uploaded on 02/22/2012 for the course BUAD 2050 taught by Professor Nicholasw.schroeder during the Spring '09 term at Toledo.

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Study Guide_Midterm 2C - University of Toledo Accounting...

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