Ac505 Mid Term Examples
Midterm week 4
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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: | 8/2/2011 | Time Spent: | 2 h , 23 min , 35 secs | Points Received: | 127 / 150 (84.7%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 10 | 7 | Short | 1 | N/A | Essay | 3 | N/A | | |
Grade Details |
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 2 | | | | Points Received: | 6 of 6 | | Comments: | | | | 2. | Question : | (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n): | | | Student Answer: | | period cost. | | | | incremental cost. | | | | opportunity cost. | | | | none of the above. | | Instructor Explanation: | Chapter 2 | | | | Points Received: | 6 of 6 | | Comments: | | | | 3. | Question : | (TCO A) Property taxes on a company 's factory building would be classified as a(n): | | | Student Answer: | | sunk cost | | | | opportunity cost | | | | period cost | | | | variable cost | | | | manufacturing cost | | Instructor Explanation: | Chapter 2 | | | | Points Received: | 0 of 6 | | Comments: | | | | 4. | Question : | (TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect to each of the following?
Fixed Cost Per Unit Variable Cost Per
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Top of Form
Bottom of Form
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: | 8/2/2011 | Time Spent: | 2 h , 23 min , 35 secs | Points Received: | 127 / 150 (84.7%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 10 | 7 | Short | 1 | N/A | Essay | 3 | N/A | | |
Grade Details |
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 2 | | | | Points Received: | 6 of 6 | | Comments: | | | | 2. | Question : | (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n): | | | Student Answer: | | period cost. | | | | incremental cost. | | | | opportunity cost. | | | | none of the above. | | Instructor Explanation: | Chapter 2 | | | | Points Received: | 6 of 6 | | Comments: | | | | 3. | Question : | (TCO A) Property taxes on a company 's factory building would be classified as a(n): | | | Student Answer: | | sunk cost | | | | opportunity cost | | | | period cost | | | | variable cost | | | | manufacturing cost | | Instructor Explanation: | Chapter 2 | | | | Points Received: | 0 of 6 | | Comments: | | | | 4. | Question : | (TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated with respect to each of the following?
Fixed Cost Per Unit Variable Cost Per