Student Learning Outcome (SLO) Assessment Template - DOC

							Leeward Community College                                                Della Kunimune




   5. Analyze, record, and report the activities of a manufacturing company
      using process cost, job order cost, and standard cost accounting systems.
   6. Prepare information and reports that may be used by management to
      plan, direct, motivate, and control a business using Cost-Volume-Profit
      analysis, incremental analysis, and operational and capital budgeting
      techniques.




                    ACC 202 Course Assessment Questions
             Please include these chapter questions on the appropriate exam.

Chapter 24 – Question 92
Reed Merchandising Company expects to purchase $60,000 of materials in July and
$70,000 of materials in August. Three-quarters of all purchases are paid for in the month
of purchase, and the other one-fourth are paid for in the month following the month of
purchase. How much will August’s cash disbursements for materials purchases be?
    a. $45,000
    b. $52,000
    c. $67,500**
    d. $70,000

Chapter 25 – Question 55
The master budget of Benedict Company shows that the planned activity level for next
year is expected to be 50,000 machine hours. At this level of activity, the following
manufacturing overhead costs are expected:

       Indirect labor                     $480,000
       Machine supplies                    120,000
       Indirect materials                  140,000
       Depreciation on factory building    100,000
       Total manufacturing overhead       $840,000
Leeward Community College                                                Della Kunimune



A flexible budget for a level of activity of 60,000 machine hours would show total
manufacturing overhead costs of
    a. $988,000**
    b. $840,000
    c. $1,008,000
    d. $908,000

Chapter 27 – Question 68
Sam’s Manufacturing Company can make 100 units of a necessary component part with
the following costs:
        Direct Materials  $70,000
        Direct Labor       13,000
        Variable Overhead  40,000
        Fixed Overhead     27,000

If Sam’s Manufacturing Company can purchase the component externally for $135,000
and only $8,000 of the fixed costs can be avoided, what is the correct “make or buy”
decision?
    a. Make and save $4,000**
    b. Buy and save $4,000
    c. Make and save $20,000
    d. Buy and save $20,000

Chapter 27 – Question 78
Kimble Company gathered the following data about the three products that it produces:

                        Present          Estimated Additional          Estimated Sales
     Product          Sales Value          Processing Costs         if Processed Further
        A              $ 9,000                 $ 6,000                   $ 16,000
        B               15,000                   5,000                     18,000
        C               11,000                   3,000                     16,000

Which of the products should not be processed further?
  a. Product A
  b. Product B**
  c. Product C
  d. Products A and C
Leeward Community College                                        Della Kunimune



ACC 202 Questions
                                            #                           %
                                          Correct        Total        Correct
Chapter 24
# 92: Reed Merchandising Company …          15.00            15.00    100.00%

Chapter 25
#55: The master budget of Benedict …          3.00           15.00     20.00%

Chapter 27
#68: Sam's Manufacturing Company …            9.00           15.00     60.00%

#78: Kimble Company gathered …                8.00           15.00     53.33%


                                                           Overall
                                                          Average      58.33%


   This assessment needs to be repeated. Students performed poorly on some
   of the questions in the Spring 2005 assessment. One of the instructors used
   incorrect questions on the exam as they were incorrect in the solutions
   manual provided by the publisher. This may explain part of the poor
   performance. Instructors will also have students practice the concepts being
   assessed through homework, quizzes, and in-class problems before the
   exam this semester to improve performance.




ACC 202 Questions
Leeward Community College                                     Della Kunimune


                                        Spring
                                         2005      Fall 2005
                                       % Correct   % Correct       Trend
Chapter 24
# 92: Reed Merchandising Company
…                                      100.00%      82.22%          82.22%

Chapter 25
#55: The master budget of Benedict …    20.00%      19.35%          96.77%

Chapter 27
#68: Sam's Manufacturing Company
…                                       60.00%      75.86%         126.44%

#78: Kimble Company gathered …          53.33%     65.52%          122.84%
                     Total students       15       29 to 45