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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:Summer I 2003
Keywords:
  • Brandon Company
  • Material Price Variances
  • Practical Standards
  • Favorable Labor
  • Materials Price Variance
  • Ideal Standards
  • Quantity Variance
  • Labor Rate Variance
  • Materials Quantity Variance
  • Material Price
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Sample Document Text

PART I PART II PART II PART III PART IV TRUEIFALSE MULTIPLE CHOICE ABC COSTING VARIANCES BUDGETING GENERAL INSTRUCTIONS: ACCOUNTING 2116 TEST III August 1, 2003 INSTRUCTOR __ D_E_S_U_5_1<_, _ 20 POINTS 34 POINTS 13 POINTS 18 POINTS 15 POINTS 100 POINTS 1) Check your test booklet to determine whether it includes all of the parts listed above. 2) Be sure to read instructions to all problems very carefully. 3) Budget your time wisely. 4) If an answer requires a computation, the computation must be shown. ANSWERS UNSUPPORTED BY CALCULATIONS WILL LOSE CREDIT. 5) The Department of Accounting supports the Virginia Tech Honor System in every possible way. PLEDGE: On my honor _ . ...,.HI-' .... U'~H of this test. 1 Part I: TruelFalse, 10 questions @ 2 each. Indicate your answer by using: l='rrue; 2=False ~l) Unit-level activities arise as a result of the total volume of production and are performed each time a unit is produced. _(_2) In traditional cost...

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