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Essay on Acct 515 Mideterm

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Grading Summary
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 11/25/2012
Time Spent: 2 h , 18 min , 12 secs
Points Received: 143 / 150 (95.3%)

Question Type: # Of Questions: # Correct:
Multiple Choice 10 9
Short 1 N/A
Essay 3 N/A

Grade Details - All Questions
Page: 1 2

1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a

Student Answer: Prime Cost YES.....Conversion Cost NO.

Prime Cost YES.....Conversion Cost YES.

Prime Cost NO....Conversion Cost NO.

Prime Cost NO.....Conversion Cost YES.

Instructor Explanation: Chapter …show more content…

Student Answer: Variable expense per unit

Variable expense per unit/Selling price per unit

Fixed expense per unit

(Selling price per unit - Variable expense per unit) /Selling price per unit. Instructor Explanation: Chapter 6

Points Received: 6 of 6 Comments:

10. Question : (TCO E) Under variable costing

Student Answer: net operating income will tend to move up and down in response to changes in levels of production. inventory costs will be lower than under absorption costing.

net operating income will tend to vary inversely with production changes. net operating income will always be higher than under absorption costing. Instructor Explanation: Chapter 6

Points Received: 6 of 6 Comments:

Page: 1 2

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Grading Summary
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 11/25/2012
Time Spent: 2 h , 18 min , 12 secs
Points Received: 143 / 150 (95.3%)

Question Type: # Of Questions: # Correct:
Multiple Choice 10 9
Short 1 N/A
Essay 3 N/A

Grade Details - All Questions
Page: 1 2

1. Question : (TCO A) The following data (in thousands of dollars) have been taken from the accounting records of

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