Purdue University Krannert School of Management MGMT 201 – Managerial Accounting I Summer 2014 Practice Final Exam--SOLUTION This exam consists of 30 multiple choice questions on 10 pages (including this cover page) for a total of 120 points. 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 Scantron form. The exam is closed book. A calculator is permitted. GOOD LUCK. Please
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have a sound knowledge of cost behaviour ie fixed costs‚ variable costs‚ semi-variable costs and sunk costs. Answer: Understanding cost behaviour helps manager in anticipation of changes in cost when there is a change in their activities like production‚ sales‚ inventory pile up etc. It provides good assistance in planning‚ cost management and decision making. A number of behaviour patterns exist ranging from fixed to variable and from linear to curvilinear. Many cost predictions techniques are
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STANDARD COSTS Setting a budget is never easy as it involves predicting the future and therefore uncertainty. The process is not about getting the budget absolutely right; it is about not getting it too wrong. This budget process may be applied to most revenue budgets that deal with income and costs‚ but there is also a requirement to produce a capital budget that covers the purchase‚ sale and replacement of fixed assets. There is normally an investment limit dictated by funding availability and
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Cost of Capital Definition: cost of capital is the rate of return that a company must earn on its project investments to maintain its market value and attract funds. The cost of capital to a company is the minimum rate of return that is must earn on its investments in order to satisfy the various categories of investors‚ who have made investments in the form of shares ‚ debentures and loans. The cost of capital in operational terms refers to the discount rate that would be used in determining the
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Transportation Cost & Pricing Transportation Cost & Pricing Compare and contrast the cost structures of rail‚ motor carriers‚ and air. When you compare the rail cost structure to that of the cost structures of the motor‚ and air carriers‚ you will see that the rail carriers have a high structure cost. “One of the characteristics of railroads as previously noted is the level of fixed costs present in their cost structures.” (Coyle‚ 2011) These fixed cost exists because the ownership of
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Undercover Economist‚ The Tipping Point‚ and Travels of a T-Shirt in the Global Economy After reading the books; “The Undercover Economist”‚ “The Tipping Point”‚ and “Travels of a T-Shirt in the Global Economy” I am left thinking that the Global economy is actually more complicated and intricate than I ever thought and there is an interesting aspect of the world economy that is social. From the popularity of Hush Puppies in New York detailed in “Tipping Point” to the social networks of African
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Name: Class: Cost Accounting Date: 02.12.2012 Quiz 5 1) Absorption costing: A) expenses marketing costs as cost of goods sold B) treats direct manufacturing costs as a period cost C) includes fixed manufacturing overhead as an inventoriable cost D) is required for internal reports to managers 2) Variable costing: A) expenses administrative costs as cost of goods sold B) treats direct manufacturing costs as a product cost C) includes fixed manufacturing overhead as an inventoriable
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Josh Copeland Professor Patton ENGL 1020M06 19 Feb. 2014 The Initiation Becoming an adult does not happen in a day. This process takes years of maturing and developing a brain that is capable of making smart life decisions. In the short stories “Stepdaughters” by Max Apple and “A&P” by John Updike‚ two young adults are put in difficult situations and forced to overcome them by making their own choices. In “Stepdaughters”‚ Stephanie‚ a high school student athlete struggles with her relationship
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SECTION I 1.1 Introduction Nowadays‚ data processing uses one or more database at one or more certain organizations. Databases are use in transaction processing where information are stored‚ retrieved and transmitted at certain time it is needed. Examples of transaction processing systems are airline reservation systems‚ billing system‚ payroll system‚ library system‚ online marketing and online transaction processing. Handling business is not an easy thing to do. In order to have a successful
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PHILIPPINES UNIVERSITY CAVITE CAMPUS COLLEGE OF ENGINEERING AND COMPUTER STUDIES DEPARTMENT OF COMPUTER STUDIES LABORATORY ACTIVITY 3 ODD-EVEN NUMBER IN TURBO C RATINGS LIA G. BANDAHALA 2011 - 11502 MR. IVAN JAMES FERMANEJO INSTRUCTOR I. Aim : * Write a Program to determine whether input number is ODD or EVEN. * Proper demonstration the use of Conditional Statements and Control Statements. II. Tools/Apparatus : Turbo C III. Procedure :
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