Premium Essay

Past Year Paper Accounting

In: Business and Management

Submitted By ahhou123
Words 2285
Pages 10
OFFICE USE ONLY

Monash University
Semester One Examination 2014
Faculty of Business and Economics
Department of Accounting
EXAM CODES:

ACW2020

TITLE OF PAPER:

COST INFORMATION FOR DECISION MAKING

EXAM DURATION:

3 hours

READING TIME:

10 minutes

THIS PAPER IS FOR STUDENTS STUDYING AT: (office use only - tick where applicable)
 Berwick

 Clayton

 Peninsula

 Distance Education

 Caulfield

 Gippsland

 Sunway

 Other (specify)

 Open Learning

During an exam, you must not have in your possession, a book, notes, paper, calculator, pencil case, mobile phone or any other material/item which has not been authorised for the exam or specifically permitted as noted below. Any material or item on your desk, chair or person will be deemed to be in your possession. You are reminded that possession of unauthorised materials in an exam is a disciplinable offence under Monash Statute 4.1.
AUTHORISED MATERIALS
CALCULATORS

 YES

 NO

(If YES, only calculators with an 'approved for use' Faculty label are permitted)
OPEN BOOK

 YES

 NO

SPECIFICALLY PERMITTED ITEMS if yes, items permitted are:

 YES

 NO

This paper consists of six (6) questions printed on a total of ten (10) pages.
Students must attempt to answer ALL questions.

STUDENT ID: …………………………...

DESK NUMBER: …………………….

PLEASE CHECK THE PAPER BEFORE COMMENCING. THIS IS A FINAL PAPER. THIS EXAMINATION
PAPER MUST BE INSERTED INTO THE ANSWER BOOK AT THE COMPLETION OF THE PAPER.
NO EXAMINATION PAPERS SHOULD BE REMOVED FROM THE EXAMINATION ROOM.

ACW2020 Aniza Zainol

Page 1 of 10

OFFICE USE ONLY

ACW2020 COST INFORMATION FOR DECISION MAKING

Question 1 (20 marks)
(a)

Describe the inventory accounts that are used to keep track of the cost flows in a manufacturing firm.

(b)

What is activity-based costing, and

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