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Past Exam for ACCT 2301 - Managerial Accounting with Buchheit at Texas Tech (TTU)

Exam Information

Material Type:Exam 1
Professor:Buchheit
Class:ACCT 2301 - Managerial Accounting
Subject:ACCOUNTING
University:Texas Tech University
Term:Fall 2010
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J ) V2. '1 Managerial Accounting Name: ~o(vh'ot\"s Fall 2010 Exam 1 Version 3 This exam contains 25 multiple-choice questions. Please select the best answer for each question and record your selection in the appropriate space on your scantron. 1. Smith and Associates had $120,000 of revenue during 2009. The company incurred $40,000 of fixed cost. Sales price per unit was $12 and variable cost per unit was $3. leverage for 2009? ~A L? S 120 ceo What is the company's operating ( l'l. J( IC> Ic..) a. 1.0 ' - VL - ~\". cce. b. 1.4 _ _.::;..---.... G. 1.8:J L- M. -q\",c.ve (\"J)C 1 6 1c..) OL d. 2.0 - Fe -'1c!~oc e. None of the above fro(,f 5C,~C 2. During 2009, Buster's Backyard Equipment had its highest sales month during June when 90 bar-b- que pits were produced at total cost of $12,000. The low point was in January when 20 pits were produced at a total cos...
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