Accounting 202 Exam Chapters 9-12
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• The exam will cover chapters 9-12 
• Twenty-five (25) multiple-choice questions       }  50 points

 

• Problems (50 points)

 

• Quality costs given; place into categories of prevention, appraisal, internal failure, and external failure (12 points)
• Production budget for a three month period (16 points)
• Variance calculation for direct materials (price and usage) and direct labor (rate and efficiency)  (12 points)
• Calculation of a company's margin, turnover and ROI (10 points)
                              
• Total points .................. 100

 

• Other Information:
• Multiple-choice questions will come equally from chapters 9-12
• Will be mostly completion in nature with few calculations
• Best study for multiple-choice are MC questions at end of chapter
• Include questions on budgets, standards, variance analysis, centralized versus decentralized organizations, responsibility accounting, ROI, residual income, and quality cost considerations