COST-VOLUME-PROFIT
ANALYSIS
(Chapter
3)
1
Overview:
The CVP model examines the relationship between
firm cost structure (i.e., relative proportion of fixed and
variable costs) and sales volume and the effects of
this relationship on the profitability of
Problem 1
Jim's Computer Products manufactures keyboards for computers. In June, the
two production departments had budgeted allocation bases of 10,000 machine
hours in Department 1 and 5,000 direct manufacturing labour hours in
Department 2. The budgeted
Introduction
(Chapter 1)
1
Learning Objectives
1.
Describe how cost accounting supports financial,
managerial, and strategic decisions
2.
Describe:
Key guidelines in management accounting
The role of management accounting in an
organization
1.
Explain how
Use the following information for the next two questions.
1.
A manufacturing company prepays its insurance coverage for a three-year period. The premium for
the three years is $2,700 and is paid at the beginning of the first year. Eighty percent of the
pr
Fred and Franks Fine Furniture and Fancy Fixture Fabricating Limited uses a job-order costing system
and applies overhead based on direct labour hours. The company has an October 31 fiscal year end.
On October 1, Fred and Franks accounting records indicat
ABC Assigned Problems:
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) A product that consumes a relatively low level of resources but is reported to have a relatively high
cost, may result in
1)
A
Commerce 2QA3 final exam
Commerce 2QA3 - Applied Statistics for Business
McMaster University - Final Exam
December 13, 2013
Part A: MULTIPLE CHOICE QUESTIONS
Read each question carefully and give your answer in the OMR sheet.
Do not forget to write and fi
Practice Questions Week 5
Use the following information for questions 1 and 2
Hamilton Company uses job order costing. Factory overhead is applied to production at a predetermined
rate of 150% of direct-labour cost. Any over or under-applied factory overh
Page 1
NAME: _
STUDENT NO.: _
SECTION NO.: _
COMMERCE 3FA3
Duration of Examination: 2 hours
Instructors: T. W. Chamberlain and K. Brewer
McMaster University Midterm Test II: Version 3
November 18, 2011
-THIS EXAMINATION PAPER COMPRISES 15 PAGES AND 30 MUL
1. A company developed the following per-unit standards for its product: 2 pounds of direct
materials at $6 per pound. Last month, 1,000 pounds of direct materials were purchased
for $5,700. During last month, the company used 500 pound in producing 200 u
Page 1
NAME: _
STUDENT NO.: _
SIGN IN NO.: _
COMMERCE 3FA3
Duration of Examination: 2 hours
Instructors: T. W. Chamberlain and K. Brewer
McMaster University Midterm Test I. Version I.
October 22, 2011
- -THIS EXAMINATION PAPER COMPRISES 19 PAGES AND 30 MU
Assigned Problems
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) The distinction between absorption costing and variable costing is most important for which type
of industry?
1)
A) manufacturing
B
Commerce 2AB3, Sample Exam , Winter 2012, Time: 2.0 hours
40 Multiple-Choice Questions
1. The Work in Process inventory account of a manufacturing company shows a balance
of $2,400 at the end of an accounting period. The job cost sheets of two uncompleted
2QA3 Test Bank
Chapter 2
Multiple Choice - Quiz C
1) In the fall of 2010 a research company conducted its Internet & Life Project through
telephone interviews about online shopping with a sample of Canadian adults aged 18
and older . Canadian adults aged
Fall 2014 2QA3: Tutorial 5
(with solutions)
Chapter 10
Sampling Distributions
Problem 1 Smart phones
An investment website can tell what devices are used to
access the site. The site managers wonder whether they
should enhance the facilities for trading v
Question 1
The Harth Company has three service departments (Personnel, Computer Resource, and
Purchasing) and two production departments (Cutting and Assembly) with the following
budgeted results for the year:
Dept. Overhead . . .
Direct Labour Costs
Mate
Prep101
Comm2QA3 Exam Solutions
I. Descriptive Statistics
II. Probability
Practice Questions
1. A fair die is tossed, and the up face is noted. If the number is even, the die is tossed again; if
the number is odd; a fair coin is tossed. Define the events
Chapter 1
s
Statistics
s
ApplicationsinBusinessandEconomics
s
Data
s
DataSources
s
s
DescriptiveStatistics
StatisticalInference
ComputersandStatisticalAnalysis
s
DataMining
s
EthicalGuidelinesforStatisticalPractice
s
1
Learning Objectives
Obtain an apprec
Economics 2G03/2X03 Midterm I Answer Key
Version 1
1
D
2
D
3
B
4
A
5
D
6
A
7
C
8
D
9
E
10
D
11
C
12
B
13
B
14
A
15
B
16
D
17
B
18
C
19
A
20
B
21
E
22
D
23
C
24
A
25
E
26
A
27
E
28
A
29
C
30
D
Version 2
1
D
2
D
3
B
4
A
5
A
6
D
7
D
8
E
9
C
10
C
11
B
12
D
13
2QA3 questions
12/08/2013
Note that standardized residuals from goodness-of-fit tests are
actually z-scores (which we already know how to interpret and analyze).
A Test for the Regression Slope df =n-2
12/08/2013
12/08/2013
Commerce 2QA3 final exam
Commerce 2QA3 - Applied Statistics for Business
McMaster University - Final Exam
December 17, 2015
Instructor:
Dr. F. Baki
Duration:
2.5 hours
Maximum Marks:
23
Last Name (Please print): _
First Name (Please print):_
Student # _
T
Commerce 2QA3 Midterm Exam
Version 2
Commerce 2QA3
Applied Statistics for Business
McMaster University - Midterm Exam
October 22th, 2016
Duration:
2 hours
Maximum Marks:
30
Last Name (Please print): _
First Name (Please print):_
Student # _
THIS EXAMINATI
Commerce 2QA3 Midterm Exam
Commerce 2QA3
Applied Statistics for Business
McMaster University - Midterm Exam
October 22th, 2016
Duration:
2 hours
Maximum Marks:
30
Last Name (Please print): _
First Name (Please print):_
Student # _
THIS EXAMINATION HAS 24
Commerce 2QA3
Final Syllabus_after midterm (~80% of the final exam)
Chapters
6
7
14
15
Sections
All sections
All sections
Sections 7.4, 7.5, and 7.6 will be necessary for Chapter 18.
All Sections
Some Problems
Only example given on
Page159 (textbook)
Prob
Chapter 9
Random Variables and Probability
Distributions
Ch. 9: Random Variables and Probability
Distributions
Learning Objectives
1)Model discrete random variables
2) Model continuous random variables
15/09/2013
@ Saxon Home Improvement
Suppose that you
Chapter 7
Introduction to Linear
Regression
Ch. 7: Introduction to Linear Regression
Learning Objectives
1) Choose a linear model of the relationship between two
variables
2) Use the correlation to analyze the usefulness of the
model
3) Deal with nonlinea
2QA3
09/30/2013
Chapter 2
Learning objectives
Identify the context of your data
Distinguish different types of data
Introduction of the vocabulary of statistics
2.1
1) The five Ws (who, what, when, where, why) help nail down the
context of the data. (+
exam rev
10/16/2013
10-20% basic question
what is the middle z-score
start with the slides, when you done with the reading, do the
suggested question
all multiple choice
How to study
Go through the slides
While you are going through the slides, read the t