ACCG 23626 Final Exam Review Sheet

Format
Multiple choice
Problems

40 marks (both qualitative and quantitative)

40 marks (4 problems spread amongst Chapters 7, 9 and 11)

Chapter/Topic
Chapter 1: Introduction to Managerial Accounting
Managerial versus Financial
Planning and Control Cycle
Chapter 2
Types of manufacturing costs
Product versus period costs
Prime and conversion costs
Fixed and variable costs
Direct and indirect costs
Opportunity costs, sunk costs and differential costs
Product cost flows
Classification of labour costs
Regular time
idle time
overtime premium (normal or job specific)
fringe benefits

40% Final
Multiple choice

Chapter 3
Difference between job order costing and process costing
Relationship between inventory accounts and schedules and/or financial statements
Link between cost status and where the costs are
cost flows in a job order costing system
Schedule of Cost of Goods manufactured with applied overhead
Predetermined overhead rates
Plantwide/single overhead rate versus departmental overhead rates
Applying overhead to jobs or cost objects
Calculating over- or under-applied overhead

Multiple choice

Multiple choice
Topics bolded will be
tested as part of
problems in other
chapters

Chapter/Topic
Chapter 6
Fixed and variable costs
Methods of analyzing mixed costs
High-low method
Linear regression
Contribution Approach Income Statement
Chapter 7
Cost-volume-profit analysis: CM, CM ratio, break-even in units and sales dollars, units or sales dollars
required to earn a target profit before or after tax; margin of safety; degree of operating leverage;
multi-product CVP
Chapter 9
Sales Budget, related schedules and calculations
Schedule of Expected Cash Collections
Production Budget
Direct Materials Purchases Budget or Inventory Purchases Budget, related schedules and calculations
Schedule of Expected Cash Disbursements for Purchases
Direct Labour Budget
Manufacturing Overhead Budget
Selling and Administrative Expense Budget
Cash Budget and related schedules
Chapter 11 any of the following could be tested through multiple choice or problems
Segmented Reporting
Return on Investment (ROI) and Residual Income (RI)
Transfer Pricing: selling division has enough excess capacity to fill the Purchasing Divisions order; selling
division operating at full capacity; selling division has some excess capacity available

40% Final
Multiple choice
Topics bolded will be tested as
part of problems in other
chapters

Multiple choice and problems

Multiple choice and problems

Multiple choice and problems