Sample Exam Questions
1. Given the following for Myra, Inc.
Variable Factory Overhead
Fixed Factory Overhead
Fixed Selling Expenses
Variable Administrative Expenses
CHAPTER 1 THE ACCOUNTANTS ROLE IN THE ORGANIZATION See the front matter of this Solutions Manual for suggestions regarding your choices of assignment material for each chapter. 1-1 Management accounting measures, analyzes and reports financial and nonfina
CHAPTER 20 INVENTORY MANAGEMENT, JUST-IN-TIME, AND SIMPLIFIED COSTING METHODS 20-1 Cost of goods sold (in retail organizations) or direct materials costs (in organizations with a manufacturing function) as a percentage of sales frequently exceeds net inco
CHAPTER 2 AN INTRODUCTION TO COST TERMS AND PURPOSES
(15 min.) Computing and interpreting manufacturing unit costs.
(in millions) Regular $ 62.00 8.00 24.00 $ 94.00
Direct material cost Direct manuf. labor costs Indirect manuf. costs Total manuf.
TO ACCOUNT FOR/AVAILABLE
APPLIED FACTORY OVERHEAD
COST OF GOODS SOLD
National Economic University
Instructor: David B. Bojarsky, Ph.D., CPA
E-mail: [email protected]
Office Hours: After class
Yahoo IM: accyhelp
Course Description: Accounting for and analysis of costs; managerial analysis
Work in process
TEST 1 CARRY OUT
INTAKE GROUP AND GROUP NAME _
Turn in one (1) test for the group. Attach any group members solution for each question that differs from the group.
You must support ALL of your answers with clearly labeled c
INVENTORY TO ACCOUNT FOR (GOES ONE OF TWO PLACES)
ADDITIONS = PURCHASES
DIRECT MATERIALS INVENTORY TO ACCOUNT FOR
ENDING DIRECT MATERIALS IN
INTAKE NUMBER _
GROUP MEMBERS: _
You must support ALL of your answers with clearly labeled calculations.
If your answers do not come out even, round to THE NEAREST DOLLAR.
For breakeven and desired net income problems you must use uni
Budgeted Direct cost and Budgeted Overhead:
1. Budgeted direct cost:
a. Raw material cost per batch ( 1000 packages : 5000 noodles: 3000 soup:
Raw material cost / 5000 units of Noodle
TEST ONE- PRACTICE TEST
NEU MAY/JUNE 2015
Selected data concerning the past fiscal years operation of the KNY Manufacturing Company are presented below.
PRICING DECISIONS AND COST MANAGEMENT
The three major influences on pricing decisions are
12-2 Not necessarily. For a one-time-only special order, the relevant costs are only those costs that
CHAPTER 21 CAPITAL BUDGETING AND COST ANALYSIS 21-1 No. Capital budgeting focuses on an individual investment project throughout its life, recognizing the time value of money. The life of a project is often longer than a year. Accrual accounting focuses o
CHAPTER 17 PROCESS COSTING 17-16 (25 min.) Equivalent units, zero beginning inventory. 1. Direct materials cost per unit ($750,000 10,000) Conversion cost per unit ($798,000 10,000) Assembly Department cost per unit $ 75.00 79.80 $154.80
2a. Solution Exhi
CHAPTER 15 ALLOCATION OF SUPPORT-DEPARTMENT COSTS, COMMON COSTS, AND REVENUES 15-16 (20 min.) Single-rate versus dual-rate methods, support department. Bases available (kilowatt hours): Rockford Practical capacity 10,000 Expected monthly usage 8,000 1a.
Job order costing, process costing.
Job costing (but some process costing)
CHAPTER 7 FLEXIBLE BUDGETS, DIRECT-COST VARIANCES, AND MANAGEMENT CONTROL 7-16 (2030 min.) Flexible budget. Variance Analysis for Brabham Enterprises for August 2009
Actual Results (1) 2,800g $313,600a 229,600d 84,000 50,000g $ 34,000 FlexibleBudget Varia
CHAPTER 9 INVENTORY COSTING AND CAPACITY ANALYSIS 9-16 1. (30 min.) Variable and absorption costing, explaining operating-income differences.
Key inputs for income statement computations are April Beginning inventory Production Goods available for sale Un
CHAPTER 5 ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT 5-16 1. (20 min.) Cost hierarchy. a. Indirect manufacturing labor costs of $1,200,000 support direct manufacturing labor and are output unit-level costs. Direct manufacturing labor generally i
CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION 11-16 (20 min.) Disposal of assets. 1. This is an unfortunate situation, yet the $75,000 costs are irrelevant regarding the decision to remachine or scrap. The only relevant factors are the future revenu
CHAPTER 12 PRICING DECISIONS AND COST MANAGEMENT 12-1 The three major influences on pricing decisions are 1. Customers 2. Competitors 3. Costs 12-2 Not necessarily. For a one-time-only special order, the relevant costs are only those costs that will chang
CHAPTER 13 STRATEGY, BALANCED SCORECARD, AND STRATEGIC PROFITABILITY ANALYSIS SOLUTION EXHIBIT 13-16A Customer Preference Map for Corrugated Boxes
Measures that we would expect to see on a La Quintas balanced scorecard for 2009 are
CHAPTER 18 SPOILAGE, REWORK, AND SCRAP 18-16 (510 min.) Normal and abnormal spoilage in units. 1. Total spoiled units Normal spoilage in units, 5% 132,000 Abnormal spoilage in units Abnormal spoilage, 5,400 $10 Normal spoilage, 6,600 $10 Potential savings