sample exam
EXAM COVER SHEET
1.
EXAMINATION DETAILS
Course Code
ACCT1063
Course Description
Management Accounting and Business
Date of exam Wednesday, 6 November 2013
Start and end time of exam
8.45am -11.00am
Duration of exam including reading time
2 hrs 15 mins
Total number of pages (incl. this cover sheet)
7
Pages
INSTRUCTIONS TO CANDIDATES
1
Write your full name and student number on each examination booklet together with the number of examination books used. Students must not write during reading time.
2
This is a CLOSED BOOK Exam.
3
This examination paper contains 5 questions.
4
Attempt all questions and all parts of questions. Commence each question on a new page. Carry out the instructions on the front cover of the examination booklet.
5
This examination paper adds to 60 marks and comprises 60% of the total marks allocated in this course. To obtain a pass in this course, you must achieve at least 50 marks overall.
6
You may take in non-text storing, non-programmable calculators. However, the use of other electronic devices (e.g. computers, electronic dictionaries, phones) is not allowed. Only non-text storing, non-programmable calculators may be used.
7
The use of dictionaries, whether in electric form or print form, is not permitted.
8
Labelled workings must be shown.
Question ONE
Singapore stationery Ltd manufactures and sells pencil cases. Currently, 4,000,000 cases are sold per year at $5 per case. Fixed costs are $950,000 per year. Variable costs are $2 per case.
REQUIRED:
Consider each case separately:
a) Compute the company’s current annual profit.
b) Compute the break-even point in unit sales and dollars.
c) Compute the new profit, if there is a 10% increase in fixed cost and a 10% increase in units sold.
d) Compute the new break-even point in units, if there is a 10% increase in selling price and a $10,000 increase in fixed costs.
e) Define
1.
EXAMINATION DETAILS
Course Code
ACCT1063
Course Description
Management Accounting and Business
Date of exam Wednesday, 6 November 2013
Start and end time of exam
8.45am -11.00am
Duration of exam including reading time
2 hrs 15 mins
Total number of pages (incl. this cover sheet)
7
Pages
INSTRUCTIONS TO CANDIDATES
1
Write your full name and student number on each examination booklet together with the number of examination books used. Students must not write during reading time.
2
This is a CLOSED BOOK Exam.
3
This examination paper contains 5 questions.
4
Attempt all questions and all parts of questions. Commence each question on a new page. Carry out the instructions on the front cover of the examination booklet.
5
This examination paper adds to 60 marks and comprises 60% of the total marks allocated in this course. To obtain a pass in this course, you must achieve at least 50 marks overall.
6
You may take in non-text storing, non-programmable calculators. However, the use of other electronic devices (e.g. computers, electronic dictionaries, phones) is not allowed. Only non-text storing, non-programmable calculators may be used.
7
The use of dictionaries, whether in electric form or print form, is not permitted.
8
Labelled workings must be shown.
Question ONE
Singapore stationery Ltd manufactures and sells pencil cases. Currently, 4,000,000 cases are sold per year at $5 per case. Fixed costs are $950,000 per year. Variable costs are $2 per case.
REQUIRED:
Consider each case separately:
a) Compute the company’s current annual profit.
b) Compute the break-even point in unit sales and dollars.
c) Compute the new profit, if there is a 10% increase in fixed cost and a 10% increase in units sold.
d) Compute the new break-even point in units, if there is a 10% increase in selling price and a $10,000 increase in fixed costs.
e) Define