...SOLUTIONS: 2510 C ADMS 2510.3.0 Section C: Thursday 4-7: ACW 006: Mid-Term Exam #1 One hour allowed: there are three equally weighted questions: answer them all. Question 1: You are given the following list of cost and sales data for the Tiny Co for the year to 31st December 2013. Sales revenue: | $900,000 | Purchase of raw materials | $200,000 | Raw materials inventory at 1st January 2013 | $ 50,000 | Raw materials inventory at 31st December 2013 | $ 25,000 | Work-in-process inventory at 1st January 2013 | $ 10,000 | Work-in-process inventory at 31st December 2013 | $ 20,000 | Finished goods inventory at 1st January 2013 | $ 75,000 | Finished goods inventory at 31st December 2013 | $100,000 | Marketing and distribution expense | $100,000 | Administrative and office expense | $ 40,000 | Direct labour | $175,000 | Factory depreciation | $ 20,000 | Factory maintenance | $ 10,000 | Factory indirect labour | $ 15,000 | Factory insurance | $ 55,000 | Required: 1.1: show the “T” account for work-in-process (5 marks). Work-In-Process | Debit | | Credit | Work-in-process inventory at 1st January 2013 | $ 10,000 | | | Raw materials used: ($50,000 + $200,000 - $25,000) | $225,000 | Transferred to finished goods (plug) | $490,000 | Direct labour | $175,000 | | | Overhead incurred: ($20,000 + $10,000 + $15,000 + $55,000) | $100,000 | Work-in-process inventory at 31st December 2013 | $ 20,000 | Total | $510,000 | | ...
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...ADMS 2510 3.0 Introduction to Management Accounting. Winter 2015: Section: | Day: | Time: | Instructor: | M | MONDAY | 4-7 | Professor Nemi | N | WEDNESDAY | 7-10 | Professor Shum | O | THURSDAY | 7-10 | Professor Murison | P | MONDAY | 7-10 | Professor Nemi | Q | INTERNET | | Professor Shum | R | THURSDAY | 11:30-2:30 | Professor Ma | S | TUESDAY | 11:30-2:30 | Professor Ma | T | THURSDAY | 4-7 | Professor Beavis | Instructions: This is a closed book test; You are allowed the use of a calculator; If your principal language is not English you are allowed the use of a dictionary. There are 4 questions: attempt them all. Question 1: 20 marks: You have just been employed by EduRom Co. which was organized on January 1st of the current year. The company manufactures and sells a variety of educational DVDs for personal computers. It is your responsibility to supervise the employees who take orders from customers over the phone and arrange for shipping the orders via Federal Express, Canada Post and other freight carriers. The company is unsure how to classify your annual salary in its cost records. The company’s cost analyst says that your salary should be classified as a manufacturing (product) cost; the controller says it should be classified as a selling expense; the president says that it does not matter how your salary cost is classified. Required: Explain the effects of using each of the cost classifications recommended by the three individuals...
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...Find more on www.studymaterial.ca Student name: ................................................................................................................. Student number: .............................................................................................................. YORK UNIVERSITY Faculty of Liberal Arts & Professional Studies School of Administrative Studies ADMS 2510 3.0 Fall 2013 Common Mid-Term Examination Sunday, November 10th, 2013 2 hours Section Day Time Section Director Location A Tuesday 4 – 7 pm John Parkinson Vari D B Thursday 4 – 7 pm Alison Beavis Ross S 137 C Monday 7 – 10 pm John Parkinson ACW 004 D Wednesday 11:30 – 2:30 pm Lawrence Shum ACW 006 E Internet Gary Spraakman Internet F Thursday 11:30 – 2:30 pm Alison Beavis ACW 006 G Monday 4 – 7 pm John Parkinson Curtis H Instructions: This is a closed-book examination and no collaboration is allowed. There are 4 equally-weighted questions. Answer the questions in the examination paper. Use the back of a page of the examination paper for rough workings. Place your photo-identification on your desk during the examination to facilitate verification. You have 2 hours to complete the examination. Question 1 2 3 4 Marks Total Marks /25 /25 /25 /25 /100 Find more on www.studymaterial.ca Question 1: There are five parts. [5 marks for each...
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...ANNUAL REPORT 2010-2011 Department of Telecommunications Ministry of Communications & Information Technology Government of India New Delhi ANNUAL REPORT 2010-11 DEPARTMENT OF TELECOMMUNICATIONS MINISTRY OF COMMUNICATIONS & IT GOVERNMENT OF INDIA NEW DELHI CONTENTS I. II. III. Indian Telecom Sector: An Overview ...................................................................................1-14 Telecom Commission.................................................................................................................... 15 Department of Telecommunications .....................................................................................17-29 III. 1. III. 2. III. 3. III. 4. III. 5. III. 6. III. 7. III. 8. III. 9. IV. V. VI. VII. Wireless Planning and Coordination ..................................................................30-39 Telecom Engineering Centre .................................................................................40-42 Universal Service Obligation Fund .....................................................................43-47 Controller of Communication Accounts Offices ...............................................48-50 Vigiliance Activities .................................................................................................51-52 Telecom Network Security ....................................................................................53-56 Empowerment of Women .............................................
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