T1_Sp08_Solution_V01

T1_Sp08_Solution_V01 - Page 1 of 10 Test 1 Spring 2008...

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Page 1 of 10 Test 1 – Spring 2008 6A:130 Accounting for Management Analysis and Control Name: SOLUTION Class Time: 1:05___ 2:30 ___ Score: _______ INSTRUCTIONS : 1. This is a closed book, closed note exam. 2. You should write all of your work in this examination booklet (use the back of the previous page if needed). Show your work clearly and neatly, LABEL ALL CALCULATIONS. You can not earn partial credit unless we understand your train of thought. Answers with out supporting work (including multiple choice questions) . 3. There are 10 pages in this exam. 4. To my knowledge, you do not need to make any additional assumptions; however, if you make an assumption, clearly state it and your assumptions can not conflict with other information provided. 5. If you do not know an answer, say so and leave the rest of the space blank. Do not fill the page with random thought hoping for partial credit. In grading the exam, we look for logic and sensibility in your answers. Answers that clearly state “I do not know” with out supplementary guesses will receive 25% of the points available for that part of the question 6. WRITE your name on this examination booklet. 7. TIME: There is a 2 hour time limit on this exam. 8. GRADING: This examination has 100 points possible. No partial credit is given for the multiple- choice questions, but partial credit will be given, when appropriate, on the remainder of the examination. Remember that some problems/questions are worth more than others. 9. CHEATING: If you are caught cheating you will receive a zero on this exam and a “D” (at best) for the course grade. 10. For Questions 12 through 21 CIRCLE YOUR FINAL ANSWER TO EACH QUESTION Good Luck! After completing your exam, sign and date the Honor Pledge below. If you cannot truthfully sign the pledge, you must contact your professor or proctor before handing in your exam. On my honor, I pledge that during this examination I neither gave nor received any assistance, and I did not witness any violation of the honor code. _____________________________________________ ___________ Signature Date
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Page 2 of 10 1. XIAN Manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. Currently XIAN produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. What is the most likely behavior of total manufacturing costs and unit manufacturing costs given this change? (3 points) a. Total manufacturing costs will increase and unit manufacturing costs will stay the same. b. Total manufacturing costs will increase and unit manufacturing costs will decrease. c. Total manufacturing costs will stay the same and unit manufacturing costs will stay the same. d.
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T1_Sp08_Solution_V01 - Page 1 of 10 Test 1 Spring 2008...

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