Accounting 4210, Practice Exam 1 Solution Name______________ Section___
Instructions:
You have 75 minutes to complete 11 questions on this exam.
The 10 multiple choice questions are worth 4 points each.
a. Credit will only be given for clearly circling one of the four options.
The workout questions are worth a total of 60 points.
a. Credit will only be given if you clearly show your work, and clearly indicate the final answer.
Good luck!
1. SuperFine Restaurant Supply Company reported the following information for the year just ended. Estimated Actual
Units sold 1,000 1,100
Direct labor hours 2,000 2,050
Sales Revenue $140,000 $145,000
Direct materials cost 30,000 31,000
Direct labor cost 20,000 22,000
Manufacturing overhead cost
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Creative Costumes, Inc., presented the following information about January 2011:
Depreciation on sales force cars $15,000
Direct labor used 140,000
Indirect materials used 17,000
Machinery depreciation 65,000
Office building rent 38,000
Plant manager salary 150,000
Property taxes on plant 37,000
Raw materials purchased 240,000
Raw materials used 210,000
Rent on the plant 56,000
Sales force salaries 175,000
Storage costs for raw materials 25,000
Compute Creative’s total manufacturing cost incurred in January.
A) $875,000
B) $675,000
C) $940,000
D) $700,000
The correct answer is D, $700,000. The nonmanufacturing costs are the costs incurred to make the inventory are crossed out below. Notice that purchasing raw material is not the same thing as incurring a cost. You have simply traded one asset for another. You have not yet used it to make a product, or provide a service.
Depreciation on sales force cars $15,000
Direct labor used 140,000
Indirect materials used 17,000
Machinery depreciation 65,000
Office building rent 38,000
Plant manager salary 150,000
Property taxes on plant 37,000
Raw materials purchased 240,000
Raw materials used 210,000
Rent on the plant 56,000
Sales force salaries 175,000
Storage costs for raw materials 25,000
Use the following information regarding Hampton Company to answer the next four questions
Hampton Company has three support service departments (supervision, maintenance, and
active listening is about giving your full attention and watching not just what is being said but how its being said. This can be observed by watching their body language, gestures and other signals.
1.1 Explain the importance of a holistic approach to assessment and planning of care or support.
In 1900, the death rate per 100,000 population for influenza and pneumonia (I & P) was 202.2; it was 22.4 in 2003. How much did the death rate due to I & P decline
Within this bid include materials that will be used during this project. Provide a list and description of similar project experience on baseball fields, turf, club house, parking lots and landscape, drainage/utility designs for the general contractor that demonstrates the qualifications for this project.
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.
_____ Psychology and "common sense" lead to the same conclusions about behavior and mental processes.
Criteria 1.4: State why and when health and safety control equipment, identified by the principles of protection, should be used relating to types, purpose and limitations of each type, the work situation, occupational use and the general work environment, in relation to:
Understand own responsibilities, and responsibilities of others, relting to health and safety in the work setting.
History suggests that the overwhelming majority of human beings have had to choose between either tyranny or anarchy
B 3. C 4. C 5. D 6. A 7.
If you have concerns about the care and safety of service users and feel like you can’t go to your manager then you have the option to contact some big and confidential organisations such as Care Quality Commission (CQC) or Health and Safety Executive (HSE) or environmental health who can also offer support and information and give you any answers you may need to any concerns.
1. In President Obama’s speech at West Point, he announced that 30,000 additional troops would be sent to Afghanistan. He made this decision because he said it was vital to the United States’ national interest. The vital national interest at risk in President Obama’s address is the security and safety of the American people as well as the “security of our allies and the common security of the world.” By involving the military and increasing the troop strength, President Obama can achieve the objectives of his strategy. His objectives are to keep the Taliban from becoming powerful, prevent them from government rule, improve Afghanistan security forces and government so they can manage their own country and prevent Al Qaeda from
The social ecological framework was presented in class as providing many possible avenues for research and program implementation. Using the required readings and lectures, write about the pros and cons of a social ecological framework for understanding health behaviors and designing health promotion programs. Your analysis should lead to a conclusion about the framework.
1. Write a composition using one of the topics listed below. Your composition should be three to five paragraphs long. It should contain an introduction, a body, and a conclusion.
1. (10 pts.) Discuss how organizational architecture and corporate culture are related. Use an example of a real-life firm and discuss how its corporate culture blends with its organizational architecture.