ACC 202 Exam 3 Study

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Go through power points.

Rework the book homework and class examples without having to look back at notes.

Chapters 8-11.

25 multiple choice questions (worth 3 each)

Whats the present value of this? Profitability Index? Net present value method? Payback method?

8 multiple choice questions on chapter 8

Direct labor budget, materials budget, etc.

Problem will be on the cash budget. SHORT ANSWER

All budget problems except cash budget are in the form of multiple choice from chapter 9.

Know whether or not you can have a certain amount of borrowings.

Planning budget, flexible budget, prepare a flex budget from a planning budget. SHORT ANSWER

2 problems on chapter 11, one on price variance with raw materials, labor rate and efficiency SHORT ANSWER