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MIDTERM EXAM R
STUDENT:
..
SEMESTER: VIII GROUP: 01 DATE: 07-19-2017
PROFESSOR: Omar Maguia Rivero
GENERAL INSTRUCTIONS
You must read carefully before answering each question using a blue or black pen.
The evaluation will last 120 minutes.
The evaluation criteria are as follows: Application of knowledge and coherence of ideas, spelling,
writing and order; discounting those tests without these criteria.
During the evaluation process you should avoid: making stationery loans, ask peers or cheating.
I. True
ESTRUCTURA DE EVALUACIN
/ false Questions require an additional explanation, which they must be provided in a consistently
and sufficiently manner.
Any answer containing 40% or more similarity with any printed or virtual media will be considered
plagiarism and a grade of zero will be assigned to the entire exam.
Questions must be answered in English. Answers in Spanish will not be graded.
1. Peru Acme Manufacturing Company has just finished its annual sales budget for year 2017. The sales budget is
handed over you in order to continue the budgeting process for the first quarter of the year. You are ask to report
the following budgets:
a. Production plan (01 points)
b. Material budget (01 points)
c. Purchases budget (01 points)
d. Raw material inventory budget (02 points)
e. Estimated cost of material used in production (03 points)
f. Planned overhead rates and (04 points)
g. Budgeted cost of goods manufactured (04 points)
MATERIAL B
January - 2
February - 2
March - 2
Total 1er Quarter
MATERIAL C
January 5 3
February 5 3
March 5 3
Total 1er Quarter
RAW MATERIAL A
January 3.00
February 3.20
March 3.40
1st Quarter
RAW MATERIAL B
January 4.00
February 4.00
March 4.00
1st Quarter
RAW MATERIAL C
January 5.00
February 5.00
March 5.00
1st Quarter
Inventory valuation
January
A
B
C
Total
February
A
B
C
Total
March
A
B
C
Total
TOTAL 1ST Q.
Peru Acme Manufacturing Company
Direct Labor Budget - Cost by Product, Department, and Time
For the Year Ending December 31, 2017
*Allocations:
1. Gen. Administration
2. Power
3. Repair
Estimated Overhead cost
Direct labor hours
Overhead rates (per DLH)
Dept. 1:
Dept. 2:
Dept. 3:
Planned cost of goods manufactured
CASE: What is growth company?
3. What criteria did you use to decide the best alternative? Support your answer. (02 point)