Cost Accounting Midterm - 2751 Words

ADM 3346A COST ACCOUNTING Solution Fall 2010 Midterm Examination STUDENT NAME: _________________________________________________ STUDENT NUMBER: ________________________________________________ 90 minutes INSTRUCTIONS 1. 2. 3. 4. Books and notes are not permitted, except language dictionaries. Non programmable calculators are permitted. Put all answers in the question booklet Questions concerning possible errors in the exam only will be answered. Questions Max Points Question 1 /10 Question 2 /6 Question 3 /4 Question 4 /6 Question 5 /6 Question 6 /8 Question 7 /10 Question 8 /6 Question 9 /4 Question 10 /6 Total /66 Statement of Academic†¦show more content†¦Midterm ADM 3346A Fall 2010 Page 2 of 10 Q.2. (6) . Sell Block prepares three types of simple tax returns: individual, partnerships, and (small) corporations. The tax returns have the following characteristics: Price charged per tax return Variable cost per tax return (including wage paid to tax preparer) Expected tax returns prepared per year Individuals $200 Partnerships $1,000 Corporations $2,000 $120 60,000 $700 4,000 $1,500 16,000 The total fixed costs per year for the company are $4,025,000. Required a. b. c. What is the break even point in total tax returns given the expected mix above? Suppose the product sales mix changes soShow MoreRelatedMidterm Exam Accounting 206 2775 Words   |  4 PagesMANAGEMENT AND ACCOUNTANCY Accounting 206: Cost Accounting and Cost Management, Part II Midterm Examination Kelvin J. Culajara, BSA, CPA Name: _____________________________________ Date: _______________ Score: __________ Test 1: Comprehensive Problem/Reporting Assume that you are the newly-hired chief cost accountant of Wapayutana Company. As the chief officer, you are tasked to monitor the flow of costs throughout the process, and hence, you are accountable for the cost of production reportRead MoreMGMT 20100 Practice Midterm Exam I1827 Words   |  8 PagesLAST NAME: _________________________ FIRST NAME___________________________ PUID________________________________Section________ Purdue University Krannert School of Management MGMT 201 – Managerial Accounting I Spring 2015 Practice Midterm Exam This practice exam consists of 30 multiple choice questions on 11 pages (including this cover page). Answer all questions. No partial credit is available for multiple choice questions. Be sure to put your answers to the multiple choice questions on your ScantronRead MoreAccounting7049 Words   |  29 PagesAcct 340-Midterm Review Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. 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What types of rationalization could a personRead MoreCBU Syllabus 2015 MBAC 51031353 Words   |  6 Pagesï » ¿ Introduction to Accounting: MBAC 5103 Instructor Information Professor: Derrick Hayes Winter 2015 Office: SB217 Tues Thurs: 1:00 – 2:15 pm Email: derrick_hayes@cbu.ca Phone: 563-1312 Course Website (URL): Textbooks and Readings Required Text: Hayes, Derrick, Introduction to Accounting, Primus, McGraw Hill Prerequisites: NONE CourseRead MoreProduct Life Cycle of Parle G767 Words   |  4 Pagessurplus through Integration | 10. | Testing of Hypothesis-t-test, z-test, chi-square test | 11. | ANOVA- One Way amp; Two Way | 12. | Use of SPSS Package amp; Excel Sheet for statistics. | The 12 session will complete the conduct of classes, midterm test, case study presentation and submission of projects, all internal evaluation etc. ITM-EXECUTIVE EDUCATION CENTRE Course Title: Macro Economics Credits: 1 Contact Hours: 24 hours Course Objectives: The course is designed to familiarizeRead MoreAcc 557 Midterm Exam Part 2, Essay1242 Words   |  5 PagesKasdan Company has cash sales of $6,000 from merchandise having a cost of $3,600. The entries to record the days cash sales will include: †¢ a $3,600 credit to Cost of Goods Sold. †¢ a $6,000 credit to Cash. †¢ a $3,600 credit to Inventory. †¢ d a $6,000 debit to Accounts Receivable. Question 3 Glenn Company purchased merchandise inventory with an invoice price of $9,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Glenn Company pays within the discount period? †¢Read MoreExam 1 Quest and Answers1704 Words   |  7 PagesAcccounting 248:51 Spring 2014 Midterm Exam April 7, 2014 Instructor: Dan Cunningham Email: dan@dancunningham.org Phone/Text: 518.431.9796 Instructions: Please record your answers on the answer page provided. Your answers must be submitted on or before 11:59PM on April 12. Please upload your answer sheet to the appropriate file on ANGEL. 1. The City of Newport issued $1,500,000 of general obligation refunding bonds at a 2% premium. Bond issuance costs of $15,000 were incurred. The proceedsRead MoreIntermediate Managerial Accounting848 Words   |  4 PagesBUS 322.D1 – FALL 2012 INTERMEDIATE MANAGERIAL ACCOUNTING Tuesday, 11:30-14:20 (BLU 10021) Instructor Office Phone Email : : : : Tota Panggabean, BSc., MSF., MSEc. WMC 3353 (778)782.3563 tpanggab@sfu.ca Office hours : M 10.00-12.00 W 10.00-14.30 Or by appointment Toan Le WMC 3381 M: 14.00-15.30 Marker : Prerequisites Textbooks (Required) : : BUS 254; 60 credit hours. Cost Management and Control (2008): Custom Publication for Simon Fraser University, McGraw-Hill Ryerson Ltd. ISBN:Read MoreHsm-340 Health Services Finance Midterm Exam Answers6611 Words   |  27 PagesHSM-340 Health Services Finance Midterm Exam Answers Follow Link Below To Get Tutorial https://homeworklance.com/downloads/hsm-340-health-services-finance-midterm-exam-answers/ HSM-340 Health Services Finance Midterm Exam Answers Question 1.1. (TCO 4) Which of the following is part of a statistics budget? (Points : 5) Output expectations Responsibility for estimation Estimation methodology All of the above Question 2.2. (TCO 4) Which budgetary issue causes the most strife in all