ACC 307: Cost Accounting Fall 2012 Practice Exam II I. TRUE / FALSE 1. A budget generally includes both financial and nonfinancial aspects of the plan. 2. The revenues budget should be based on the production budget. 3. A favorable variance should be ignored by management. 4. The direct manufacturing labor price variance is likely to be unfavorable if lower-skilled workers are put on a job. 5. For fixed overhead costs‚ the flexible-budget amount is always the same as the
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• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • MComm100 – Mass Communication in Society Midterm Review – 12th Ed (Chapters 1 – 9) Understand the definition of ‘encoding’ What is ‘negative feedback’? Characteristics of a mass communication audience What is a ‘media vehicle’? Characteristics of mass communication organizations What vehicles have increased the mobility of the mass media
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Examinations Certain forms of rhetoric may seem like they are set in concrete‚ but this is not true. The 75 Readings essays “The Plague‚” “Once More to the Lake‚” and “Talk in the Intimate Relationship: His and Hers” are labeled as a narrative‚ a description and an exposition respectively. The essays are much like human beings in that‚ labels are no more than mere words that help divide them into certain categories that they only kind of fit into. The lines that divide essays into their categories
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Midterm Break Midterm break is a poem that delivers the scene of a funeral in short snapshots narrated by the estranged boy whose brother has died. The title itself implies a disturbance of some sort‚ a ‘break’. However‚ it does not give the full meaning of the disruption felt by the boy and the titles’ meaning is shown in full only by the end of the poem. The boy in the poem’s aimless and confused outlook about what happened is told to us by his impassive style of narrating- he ‘sat all day…
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Classes of Assertions: Classes of Transactions and Events for the Period Occurrence: transactions that have been recorded have occurred Completeness: All transactions and events that should have been recorded have been recorded Authorization: All transactions and events have been properly authorized Accuracy: Amounts have been recorded properly Cutoff: Transactions and events have been recorded in the correct accounting period Classification: transactions and events have
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SOC 101 Principles of Sociology: Midterm Study Guide This study guide is designed to alert you to the topics/issues that may appear on the midterm exam. You should use it to direct your studying. In other words‚ do not study from the guide‚ but from your in-class notes and reading notes‚ with the study guide as a roadmap. The midterm is on Thursday‚ October 11. All you need to bring is a pen or two. • • • • • History of sociological thought o August Comte – stages of human understanding
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SE 477 Midterm Review Guide All material covered in lectures 1 to 5 may be included in the Midterm exam Exam format: Expected duration: < 1.5 hour. Maximum time allowed 3 hours. Review I may say “give 5 types of ‘things’” Like estimation techniques or methodologies I may ask ‘Tell me two approaches to X’ Especially interested in the pros & cons You did your readings‚ yes? Text & class slides Review – Estimate & Schedule Four primary steps Define work to be done (WBS) Estimate size
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There may be a question on the midterm relating to discounting and present value. This topic is covered in Chapter 1 of your text. Here’s an example problem. The present value of a stream of income or expenses is found the following process. First‚ a discount rate‚ r‚ is selected that reflects the opportunity cost of funds involved. For example‚ a risk free discount rate may be equal to the current rate of Treasury securities‚ about 2.5% to 3% currently. A discount rate that reflects greater
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Review Test Submission: Midterm Exam Part 1 Instructions This midterm exam consist of 25 multiple choice questions and covers the material in Chapters 1 through 4. Question 1 4 out of 4 points The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers? Answer Selected Answer: innovation theory of profit Correct Answer: innovation
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Review Questions: 2-3 and 3-6 Discussion Issues: 2-4 and 3-8 Review 2-3: Sales skimming schemes leave a victims organization’s books in balance because an employee will make a sale or a service to a customer‚ collect the payment at the point of sale‚ but will make no record of the transaction. The employee will then pocket the money received instead of turning it over to the employer. Discussion 2-4: In order to prevent this scheme from happening again in the future without having to hire
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