Koofers

Past Exam for ACIS 2116 - Principles of Accounting at Virginia Tech (VT)

Exam Information

Material Type:Exam 3
Professor:Staff
Class:ACIS 2116 - Principles of Accounting
Subject:Accounting & Information Systems
University:Virginia Polytechnic Institute And State University
Term:Fall 1998
Keywords:
  • New Product Line
  • Material Price Variances
  • Time and Materials
  • Following Costs
  • Product Line
  • Investment Center
  • Standard Quantity
  • Segment Margin
  • Cash Balance
  • Materials Price Variance
Login / Sign Up to View Document
Preview Page 1Preview Page 2Preview Page 3Preview Page 4Preview Page 5Preview Page 6

Sample Document Text

i, J 'I ',,", \ c' ',", (/, 1(,,) " "-J ,(,, ' \., \ \ \ \' PART I, 20 POINTS. (True/False) , /;"~j I - , ! ! ........ ./ "'---'/ --- --------j 0\ '(-('(, 7 e,- I ) )''' : ! ! ............ Indicate whether each of the following s tatements is true or false. I 1 = True 2= False / ~ . The variable costing method treats variable selling and i~ 1 administrative costs as P.Qduct costs. oen C c.:l. F . Net income computed usin~ absorption costing will always be ;: j greater than net income computed using variable costing. i '11 ' . Variable costing is better suited to cost-volume-profit--, \ 'I , calculations than absorption costing. r ~ . When p roduction exceeds sales f or t he period, variable costing ,/ , , ,net income will exceed absorpti on costing net income. , \/' L ' . The variable costing method is usually used for external -'- " ( j reporting purposes . ~ . When using absorption costing, a company may be able to show a ':- profi t ev...

Related Documents

Material Price Variances Exam
Material Price Variances Exam
Brandon Company Exam
Material Price Variances Exam
Activity Measure Exam
Actual Costing Exam
Target Profits Exam
Step-Variable Cost Exam
Illustration Iii Exam
Process Inventory Account Exam
Overhead Application Exam
Period Cost Exam
Period Cost Exam
Seamster Co Exam
Shirt Manufacturer Exam
Following Costs Exam
155, "/var/app/current/tmp/"