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    BOM 100 Prelims

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    Mariphie Osian
    The document appears to be a practice exam for a costing and pricing course, as it contains multiple choice and computational questions related to key cost accounting and management terms. The first section tests students' knowledge of common cost accounting definitions, while the second section asks students to calculate total costs, average costs, and complete cost schedules based on production levels for different companies. Overall, the exam aims to evaluate students' understanding of fundamental cost accounting concepts through short-form questions.

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    BOM 100 Prelims

    Uploaded by

    Mariphie Osian
    17 views1 page
    The document appears to be a practice exam for a costing and pricing course, as it contains multiple choice and computational questions related to key cost accounting and management terms. The first section tests students' knowledge of common cost accounting definitions, while the second section asks students to calculate total costs, average costs, and complete cost schedules based on production levels for different companies. Overall, the exam aims to evaluate students' understanding of fundamental cost accounting concepts through short-form questions.

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    The document appears to be a practice exam for a costing and pricing course, as it contains multiple choice and computational questions related to key cost accounting and management terms. The first section tests students' knowledge of common cost accounting definitions, while the second section asks students to calculate total costs, average costs, and complete cost schedules based on production levels for different companies. Overall, the exam aims to evaluate students' understanding of fundamental cost accounting concepts through short-form questions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    17 views1 page

    BOM 100 Prelims

    Uploaded by

    Mariphie Osian
    The document appears to be a practice exam for a costing and pricing course, as it contains multiple choice and computational questions related to key cost accounting and management terms. The first section tests students' knowledge of common cost accounting definitions, while the second section asks students to calculate total costs, average costs, and complete cost schedules based on production levels for different companies. Overall, the exam aims to evaluate students' understanding of fundamental cost accounting concepts through short-form questions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    University of Luzon

    College of Business Administration


    Preliminary Examination in Costing and Pricing

    Name: _____________________________________________________ Permit Number: __________ Score: _______


    Reminder: Strictly NO ERASURE, ALTERATIONS and SUPERIMPOSITIONS allowed.
    Part 1. Identification. Write your answer on the space provided.
    1. The application of cost control methods and the ascertainment of the profitability of activities carried
    out or planned. Cost Accounting
    2. The human effort required to convert the materials into finished product. Labour
    3. One which cannot be easily identified in the product. Indirect Material
    4. It means the control of costs by management. Cost Control
    5. The amount of expenditure incurred on a particular thing. Cost
    6. The substance from which the finished product is made. Material
    7. The cost incurred (a historical cost) as distinguished from budgeted costs. Actual Cost
    8. Purchases materials and components and convert them into finished goods. Manufacturing Company
    9. All costs in the income statement other than cost of goods sold. Period Cost
    10. Companies hold only one type of inventory – the product in its original purchased form. Merchandising

    Part 2. Computational. Round off to nearest hundredths.

    1. D’Cream operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee
    stand is $1,500 and the variable cost per cup of coffee served is $0.19. Estimate the total costs and average cost per
    cup of coffee at the indicated levels of activity for a coffee stand. Round off the cost of a cup of coffee to the
    nearest cent.

    Cups of Coffee Served in a Week


    3700 3800 3900
    Fixed Cost
    Variable Cost
    Total Cost
    Average Cost per cup of Coffee served

    2. Hough Company manufactures and sells a single product. A partially completed schedule of the company’s total
    and per unit costs over a relevant range of 80,000 to 120,000 units produced and sold each year is given below.
    Complete the schedule of the company’s total and unit costs.

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