Accounting Costs and Multiple Choice - 975 Words

Accounting 2082 Managerial Accounting Exam 1 Sample Exam Questions Printed Name: Date: I certify that I have neither given nor received assistance on this exam, in accordance with the University of Cincinnati Student Code of Conduct. Signature: Instructions: Circle your answers for the multiple choice questions on the exam. Fill out the scantron sheet carefully, using a #2 pencil. Your name (last, then first) and M number must be on the scantron sheet. Type of Question Number of Questions Points per question Suggested Time Total Points Multiple Choice 20 questions 3 points each 50 mins. 60 points You may not use any notes, books, cell phones, other media devices or programmable calculators while†¦show more content†¦What amounts should be considered product and period costs respectively for the first year of coverage? A. Option A B. Option B C. Option C D. Option D 15. At an activity level of 9,200 machine-hours in a month, Nooner Corporation s total variable production engineering cost is $761,300 and its total fixed production engineering cost is $154,008. What would be the total production engineering cost per unit, both fixed and variable, at an activity level of 9,300 machine-hours in a month? A. $98.42 B. $99.49 C. $99.31 D. $98.96 16. Given the cost formula, Y = $9,000 + $2.50X, total cost for an activity level of 3,000 units would be: A. $9,750 B. $12,000 C. $16,500 D. $7,500 17. Holzhauer Corporation, a merchandising company, reported the following results for March: The contribution margin for March is: A. $922,600 B. $1,120,000 C. $1,962,600 D. $1,360,000 18. An example of a committed fixed cost is: A. a training program for salespersons. B. executive travel expenses. C. property taxes on the factory building. D. new product research and development 19. When a decision is made among a number of alternatives, the benefit that is lost by choosing one alternative over another is the: A. realized cost. B. opportunity cost. C. conversion cost. D. accrued cost. 20. The following would typically be considered indirect costs of manufacturing a particular Boeing 747 to be delivered to Singapore Airlines:Show MoreRelatedAcc/561 Exam Essay1444 Words   |  6 Pages| | Multiple Choice Question 49 | | | | Your answer is correct. |    |    | Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? | Reduced legal liability for investors. | | Harder to transfer ownership. | | Lower taxes. | | Most common form of organization. | | | | | Multiple Choice Question 64 | | | | Your answer is correct. |    |    | The group of users of accounting information charged withRead MorePaper1462 Words   |  6 PagesCHAPTER 18 REVENUE RECOGNITION MULTIPLE CHOICE—Conceptual Answer​No.​Description ​c​1.​Revenue recognition principle. ​b​2.​Definition of realized. ​a​3.​Definition of earned. ​d​4.​Recognizing revenue at point of sale. ​d​5.​Recording sales when right of return exists. ​c​6.​Revenue recognition when right of return exists. ​d​7.​Revenue recognition when right of return exists. ​b​8.​Appropriate accounting method for long-term contracts. ​c​9.​Percentage-of-completion methodRead More Cost Accounting Essay1091 Words   |  5 PagesAccounting is the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results; (Merriam-Dictionary, 2012). 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Sociological Aspects of Sports Research Essay - 1205 Words

1. Cite the article that you find using APA 6th ed. Format: Fox CK, Barr-Anderson D, Neumark-Sztainer D, Wall M. Physical activity and sports team participation: associations with academic outcomes in middle school and high school students. J Sch Health. 2010; 80: 31-37. 2. What is the research question and/or purpose statement of study? What are the hypotheses? â€Å"The purpose of this study is to examine the associations between sports team participation, physical activity, and academic outcomes in middle and high school students.† (Fox, Barr-Anderson, Neumark-Sztainer Wall, pg. 31). The hypothesis of the research was that there was no doubt about the academic benefits of physical activities and sports team participation, but one†¦show more content†¦5. How were the variables measured? What ‘tools’ were used?: This information, and the information of the actual research, was gathered through a 221-item survey put together by Project EAT (Eating Among Teens). 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Student Critical Thinking and Sensory Data Free Essays

Assignment 1: â€Å"Sensory Perceptions† Can you really trust your senses and the interpretation of sensory data to give you an accurate view of the world? Describe and discuss the accuracy and the weaknesses of the human senses as they pertain to thinking in general and to your own thinking in particular. Write a two to three (2–3) page (approximately 500–750 word) paper that addresses the following: 1. Provide at least three (3) reasons for believing in the accuracy or inaccuracy of sensory information. We will write a custom essay sample on Student: Critical Thinking and Sensory Data or any similar topic only for you Order Now 2. Identify and describe at least three (3) factors contributing to the accuracy or inaccuracy of sensory data. 3. Discuss the roles of â€Å"nature† and â€Å"nurture† with regard to the interpretation and evaluation of sensory data. 4. Use at least two (2) quality resources in this assignment. Your textbook may count as one (1) source. At least one (1) of your sources must be obtained from the collection of databases accessible from the Learning Resources Center Web page. The format of the paper is to be as follows: 1. Typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format. 2. In addition to the two (2) pages assigned, a title page with the title of the assignment, your name, the instructor’s name, the course title, and the date is to be included, as well as a Reference Page. Sources documented using APA style for in-text citations and listed on the References Page using APA style format. Assignment 1: Sensory Perceptions Due Week 2 and worth 100 points Can you really trust your senses and the interpretation of sensory data to give you an accurate view of the world? Describe and discuss the accuracy and the weaknesses of the human senses as they pertain to thinking in general and to your own thinking in particular. Write a 2-3 page paper in which you: 1. Provide at least three (3) reasons for believing in the accuracy or inaccuracy of sensory information. 2. Identify and describe at least three (3) factors contributing to the accuracy or inaccuracy of sensory data. 3. Discuss the roles of ―natureâ€â€" and ―nurtureâ€â€" with regard to the interpretation and evaluation of sensory data.  © 2010 Strayer University, All Rights Reserved. This document contains Strayer University Confidential and Proprietary information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of Strayer University. PHI 210 Student Version 1134 [1071 04-11-11] Page 6 of 31 4. Use at least two (2) quality resources in this assignment. Your textbook may count as one (1) source. At least one (1) of your sources must be obtained from the collection of databases accessible from the Learning Resources Center Web page. Your assignment must: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. ï‚ · Include a cover page containing the title of the assignment, the student‘s name, the professor‘s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: ï‚ · Develop skills for overcoming barriers which limit objective and productive critical thinking. ï‚ · Create written work utilizing the concepts of critical thinking. ï‚ · Demonstrate adherence to academic integrity policy and APA Style guidelines for academic citations. ï‚ · Use technology and information resources to research issues in critical thinking skills and informal logic. Write clearly and concisely about issues in critical thinking using proper writing mechanics. Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric. Points: 100 Assignment 1: Sensory Perceptions Criteria Unacceptable Below 60% F Meets Minimum Expectations 60-69% D Fair 70-79% C Proficient 80-89% B Exemplary 90-100% A 1. Provide at least three (3) reasons for believing in the accuracy or inaccuracy of sensory information. Weight: 30% Did not submit or incompletely provided at least three (3) reasons for believing in the accuracy or inaccuracy of sensory information. Insufficiently provided at least three (3) reasons for believing in the accuracy or inaccuracy of sensory information. Partially provided at least three (3) reasons for believing in the accuracy or inaccuracy of sensory information. Satisfactorily provided at least three (3) reasons for believing in the accuracy or inaccuracy of sensory information. Thoroughly provided at least three (3) reasons for believing in the accuracy or inaccuracy of sensory information. 2. Identify and describe at least three (3) factors contributing to the accuracy or inaccuracy of sensory data. Weight: 30% Did not submit or incompletely identified and described at least three (3) factors contributing to the accuracy or Insufficiently identified and described at least three (3) factors contributing to the accuracy or   Partially identified and described at least three (3) factors contributing to the accuracy or Satisfactorily identified and described at least three (3) factors contributing to the accuracy or Thoroughly identified and described at least three (3) factors contributing to the accuracy or 3. How to cite Student: Critical Thinking and Sensory Data, Papers