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

Exam Information

Material Type:Exam 3
Professor:Buchheit
Class:ACCT 2301 - Managerial Accounting
Subject:ACCOUNTING
University:Texas Tech University
Term:Spring 2008
Keywords:
  • Following Transactions
  • Accounting Period
  • Provided That
  • Equivalent Units
  • Direct Material
  • Product Costs
  • Current Accounting Period
  • Process Inventory
  • None of the Above
  • Raw Materials
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Sample Document Text

1 ACCT 2301 Managerial Accounting Spring 2008 Exam 3 Version 1 Name: Instructor / Time: ' Select the best answer for each question. Minor rounding (? $5) is acceptable for PV problems. 1. An investment that cost $48,000 provided annual cash inflows of $9,000 per year for six years. The desired rate of return is 10%. The actual return from the investment was a. less than the desired rate of return. b. equal to the desired rate of return. c. greater than the desired rate of return. d. the answer cannot be determined from the information provided. e. None of the above 2. J. Fallon Company had beginning raw materials inventory of $5,000. During the period, the company purchased $38,000 of raw materials on account. If the ending balance in raw materials was $8,000, what is the amount of raw materials transferred to Work in Process Inventory? a. $25,0...

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