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ACCOUNTING 3510 – MID TERM EXAM 2 – 2013 WINTER 
Last Name: First Name: Student Number: 
Page 1 of 7 
Date : March 17, 2013 (4-6 pm) 
Location: LAS B & C 
SOLUTIONS 
Duration: 120 Minutes Instructors: 
 Jamie Aldcorn/Douglas Kong 
INSTRUCTIONS: 
• This is a closed book examination and no collaboration is allowed. 
• There is a total of 100 marks and 6 pages including this cover page. 
• Put your name and student number at the... i x Exam (elaborations) • 7 pages • by Abbyy01 • uploaded 2025 Quick View i x ACCOUNTING 3510 • ACCOUNTING 3510 BUS 3510 Unit 1: Management Accounting and the Case Study Method Past mid terms - with solutions (0) $12.99 0x sold ADMS 3510 – Past Mid Terms 
1 / 94 
Unit 1: Management Accounting and the Case Study Method 
Question 1.1. 
Porter explains that there are five forces that determine industry attractiveness and long-run 
industry profitability. Please indicate which ONE of the following is NOT a competitive force: 
a) The threat of entry of new competitors (new entrants) 
b) The threat of substitutes 
c) The bargaining power of suppliers 
d) The degree of rivalry between customers 
e) The degree of rivalry bet... i x Exam (elaborations) • 94 pages • by Abbyy01 • uploaded 2025 Quick View i x Acct student • Acct student BUS 3510 RM Core 2 IP6 WITH VERIFIED ANSWERS (0) $8.49 0x sold Direct Materials Rate			Direct Materials Efficiency	 
				 
Budgeted Cost Per Gram 	0.08		Budgeted Total Qty	8350000 
Actual Cost per Gram	0.07		Actual Total Qty	8900000 
Calculated Variance per Gram	0.01		Calculated Variance QTY	-550000 
Actual Total Grams Used	8,900,000		Budgeted Cost Per Gram 	0.08 
Favourable Direct Material Rate Variance	89000		Unfavourable Direct Material Efficiency Variance	-44000 
				 
Direct Labour Rate			Direct Labour Efficiency	 
				 
Budget Rate per Hour	15		Budge... i x Exam (elaborations) • 9 pages • by Abbyy01 • uploaded 2025 Quick View i x Acct student • Acct student ACCOUNTING 2104 quiz 8 WITH VERIFIED ANSWERS (0) $8.49 0x sold Question 1 
1.5 out of 1.5 points 
A favourable cost variance of significant magnitude: 
Selected 
Answer: if investigated, may lead to improved production 
methods 
Correct 
Answer: if investigated, may lead to improved production 
methods 
 Question 2 
0 out of 1.5 points 
Answer the following questions using the information below: 
Cootamundra Industries (CI), developed standard costs for direct material 
and direct labour. In 2014, CI estimated the following standard costs for one 
of... i x Exam (elaborations) • 5 pages • by Abbyy01 • uploaded 2025 Quick View i x Acct student • Acct student ACCT_540_QUIZ_7 WITH VERIFIED ANSWER KEY LATEST UPDATE (0) $8.49 0x sold Question 1 
A budget should/can do all of the following except: 
 Become the performance standard against which firms can compare the actual results 
Correct! 
 Be prepared by managers from different functional areas working independently of each other 
 Help management allocate limited resources 
 Be adjusted if new opportunities become available during the year. 
Question 2 
Which of the following statements is not true? 
 Budgeting is prepared in advance of the budget period. 
 Budgeting sets... i x Exam (elaborations) • 6 pages • by Abbyy01 • uploaded 2025 Quick View i x Acct student • Acct student DETAILED NCLEX RN QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES GRADEDA+ (1) $8.49 1x sold NCLEX RN NEWEST 2024,2023 AND 2025 (3 LATEST VERSIONS) TEST BANKACTUALEXAM 2500 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES100% COMPLETE (VERIFIED ANSWERS)/ RN NCLEX TEST BANK|ALREADY GRADEDA+|BRAN NEW!!2024 
A 23-year-old woman is admitted to the infusion clinic after a Multiple Sclerosis 
Exacerbation. The physician orders methylprednisolone infusions (Solu-Medrol). Thenurse would expect which of the following outcomes after administration of this 
medication? 
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Contents 
QUESTION 1 ..............................................................................................................................................3 
1.1 The Four (4) Stages of the SIAS Proce... i x Exam (elaborations) • 4 pages • by Abbyy01 • uploaded 2025 Quick View i x HOME OF LEGIT 2025 IEG2601 • HOME OF LEGIT 2025 IEG2601 1 ... 50 51 52 ...
VERIFIED 2024 NUR 4500 A ALL MED SURGE EXAMS QUESTIONS & CORRECT ANSWERS100%
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VERIFIED May 2024 Pearson Edexcel Level 3 GCE A level English LiteratureAdvanced PAPER 1: Drama MERGED QUESTION PAPER> MARK SCHEME> 100% GUARANTEE