ACCT 2101 : Exam 1 Knowledge Guide 2015 16
Document Summary
All information in the text, notes, and covered on connect is eligible for testing. Listed below are the knowledge content areas that can be tested on exam 1. You will have between 33 and 37 questions. About 50% of questions will be conceptual and 50% will be computational. Questions can be worth 2, 3, or 4 points. All questions will be in multiple choice format. There are opportunities for partial points on some problems. While this list is intended to be a guide it may not constitute 100% of all materials covered on the exam. Chapter 1: managerial accounting: managerial vs. financial accounting, managerial accountants functions, organizational structure, manufacturing costs, direct materials, direct labor, manufacturing overhead all components, product costs, period costs, prime costs, conversion costs. Indirect vs direct: variable vs fixed, relevant information, relevant range concept, scattergraph. Chapter 2: job order costing: concepts, cost accounting, cost accounting system, process cost system.
