T2_SP08 Solution - Test 2 Spring 2008 6A:130 Accounting for...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Test 2 – 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 cannot earn partial credit unless we understand your train of thought. Answers without supporting work (including multiple choice questions where appropriate) will be considered wrong . 3. There are 8 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 75 minute time limit on this exam. 8. GRADING: This examination has 100 points possible. No partial credit is given for the multiple- choice questions 5, 6, 7, 8 and 9 , 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 13 and 14 FINAL ANSWER IN THE ANSWER BOX PROVIDED 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
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Multiple Choice Questions: (50 points, 5 points each) Use the following information for questions 1 through 5: Wallace Printing has contracts to complete weekly supplements required by forty-six customers. For the year 20X5, manufacturing overhead cost estimates total $420,000 for an annual production capacity of 12 million pages. For 20X5 Wallace Printing decided to evaluate the use of additional cost pools. After analyzing manufacturing overhead costs, it was determined that number of design changes, setups, and inspections are the primary manufacturing overhead cost drivers. The following information was gathered during the analysis: Cost pool Manufacturing overhead costs Activity level Design changes $ 60,000 200 design changes Setups 320,000 4,000 setups
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This test prep was uploaded on 04/07/2008 for the course ACCT 130 taught by Professor Hartman during the Spring '07 term at University of Iowa.

Page1 / 8

T2_SP08 Solution - Test 2 Spring 2008 6A:130 Accounting for...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online