Final Exam

Name ___________________________  Instructor ________________________  ________________________  Section Section # ___ ______ ______ Date _______ __________  ___ 

Final Exam: Chapters 1-14 ISV Managerial Accounting, 4e

Part Points

I

II

III

IV

V

Total

60

18

19

14

14

125

Score

PAT I ! "$TIP$% &'(I&% )60 *oints+ Instructions: Desi,nate t-e .est ans/er or eac- o t-e ollo/in, ollo/in, uestions

 ____

1 A res*onsi.ilit3 center t-at incurs costs )an e*enses+ an ,enerates reenues is classiie as a)n+ a cos cost cen centter . ree reenu nue e cen cente terr c *ro *roit it cen cente terr  ine inest stme ment nt cent center er

 ____

2 T-e most useul measure or ealuatin, a mana,er7s *erormance in controllin, reenues an costs in a *roit center is a cont contri ri.u .uti tion on mar, mar,in in . cont contri ri.u .uti tion on net net inco income me c cont contri ri.u .uti tion on ,ros ,ross s *roi *roit t  cont contro rolllla. a.le le mar, mar,in in

 ____

 amse3 &or*oration esires to earn tar,et net income o 90:000 I t-e sellin, *rice *er unit is 0: unit aria.le cost is 24: an total ie costs are 60:000: t-e num.er o units t-at t-e com*an3 must sell to earn its tar,et net income is a 0:000 . ;5:000 c 45:000  60:000

 ____

4 S-ane &or*oration uses a *rocess cost accountin, s3stem or? in Process %nin, >or? in Process Starte into Prouction a . c 

125:000 141:66; 145:000 150:000

20:000 units )1@2 com*lete+ 25:000 units )1@ com*lete+ 150:000 units

FE- $

 ____

Test Bank for ISV Manaerial !ccountin" Fourth E#ition

5 >itten &om*an3 a**lies oer-ea on t-e .asis o mac-ine -ours