ACCG 23626 Final Exam Review Sheet
Format
Multiple choice
20 to 30 marks split between qualitative (Chapters 5, 6, and 7 including Appendix 5A, Appendix 6A, Appendix 6B,
Appendix 7A, and quantitative (will relate to Chapters 2, 3 & 4)
Problems 70 to 80 marks: 6 problems; part marks could be awarded if supporting calculations are provided (will incorporate some
concepts from the first half; may include short answer questions)
Chapter/Topic
Question format
Chapter 2 – Cost Terms, Concepts and Classifications
• Types of manufacturing costs
• Product versus period costs
• Prime and conversion costs
• Fixed and variable costs
• Direct and indirect costs
• Opportunity costs, sunk costs and differential costs
• Product cost flows
• Classification of labour costs
• Regular time
• idle time
• overtime premium (normal or job specific)
•
fringe benefits
Multiple choice
Topics bolded will
be tested as part of
problems in other
chapters
Chapter 3 – Cost Behaviour: Analysis and Use
• Fixed and variable costs
• Methods of analyzing mixed costs
• High-low method
• Linear regression
• Contribution Approach Income Statement
Multiple choice
Chapter 4 – Cost-Volume-Profit Relationships
Cost-volume-profit analysis: CM, CM ratio, break-even in units and sales dollars, units or sales dollars required to earn a
target profit before or after tax; margin of safety; degree of operating leverage; multi-product CVP
Multiple choice
