(30 min.) Revenues and production budget.
420,000 12 months = 5,040,000
170,000 12 months = 2,040,00
AC323 - Spring 2016
Exam 1 - Practice solutions
$75,000/$50 = 1,500 units
$75,000/$60 = 1,250 units
Multiple Choice (30 Points)
1. Which of the following describes the behavior of the fixed cost?
a. Decreases with increasing production
b. Decreases with decreasing production
c. Remains constant with changes in production
d. Increases with increasing pro
AC323 Exam 2 Study Guide
- Know the difference between Job Order Costing vs Process costing, and what type of
manufacturer would use Job Order, and what type of manufacturer would use Process Cost.
- Know how to complete a Job Order
ACC 323 Spring 2016
Exam 1 (Chapters 1 3) Study Guide
Know the Value Chain
Know the Supply Chain
Know what Sustainability means, and what the Triple Bottom Line means (see your notes
Know the 5
Simple Costing System
Direct Material Cost
1) Which of the following is true of sustainability?
A) It helps in implementing strategies to improvise the product.
B) It concerns with purchase of material in larger quantities.
C) It helps the development and implementation of strategies to achieve lo