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Prin Of Accounting II

by: Alanis Klein

Prin Of Accounting II ACTY 2110

Alanis Klein
GPA 3.74

Donna Hetzel

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Donna Hetzel
Class Notes
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This 1 page Class Notes was uploaded by Alanis Klein on Wednesday September 30, 2015. The Class Notes belongs to ACTY 2110 at Western Michigan University taught by Donna Hetzel in Fall. Since its upload, it has received 10 views. For similar materials see /class/216868/acty-2110-western-michigan-university in Accounting at Western Michigan University.


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Date Created: 09/30/15
Accounting 2110 Spring 2010 Final Exam Information Office Hours Monday 101230 1230 Wednesday 910 100 points of the final exam will cover material in the last three chapters It will be organized similarly to the other three exams in the class There will be 10 conceptual multiple choice questions worth 2 points each The remaining 90 points will be problems or short answer questions Topics include the following Chapter 12 Segment margin traceable and common fixed costs Be able to make calculations and understand why or why not certain costs are attributed to the segments or the company as a whole Calculate margin turnover ROI RI What information do the ratios provide What are the advantages and disadvantages of using them Chapter 13 Be able to find a quantitative answer for each of the 5 types of short term decisions we worked with keep or drop make or buy special order scarce resources and sell now or process further joint costs What qualitative questions should a company also consider Chapter 14 Be able to calculate and 39 Ithe 39 U and quot 39 U of payback period accounting rate of return simple rate of return and net present value Be able to do time value of money calculations Calculate and interpret the profitability index Day classes The remaining 30 points will be divided between 11 multiple choice questions worth 2 points each and mainly from prior exams with prior answer order scrambled and 2 short answer questions that I will select from the list below Night class The remaining 25 points will be divided between 9 multiple choice questions worth 2 points each and mainly from prior exams with prior answer order scrambled and 2 short answer questions that I will select from the list below Short answer questions 1 List in order of product cost flow the three inventory accounts used by a manufacturing company 2 Which costs are included in product costs in the absorption costing method and which are included in product costs in the variable costing method 3 Costvolumeprofit analysis is often used in whatif situations Describe a situation in which CVP would be used 4 What kind of companies would best benefit from using activity based costing to allocate indirect costs 5 A company planned to make and sell 50000 units but instead made and sold 51200 units In order to evaluate performance what type of budget would be best for comparison and why 6 What is the primary disadvantage of using absorption costing income statements to evaluate managers 7 When should a direct material price variance be calculated and analyzed What would an unfavorable variance mean and what might have caused it to be unfavorable


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