BUS/475 Sample Final Exam
1. Which of the following is NOT an element of manufacturing overhead?
a. Factory employee’s salary
b. Depreciation on the factory
c. Plant manager’s salary
d. Factory repairperson’s wage
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BUS/475 Sample Final Exam
1. Which of the following is NOT an element of manufacturing overhead?
a. Factory employee’s salary
b. Depreciation on the factory
c. Plant manager’s salary
d. Factory repairperson’s wages
2. What accounts are NOT classified in the current assets section of the balance sheet?
a. Cash
b. Accounts payable
c. Security deposits
d. Inventory
3. The starting point of a master budget is the preparation of the
a. cash budget.
b. sales budget.
c. production budget.
d. budgeted balance sheet.
4. What amounts are not included in Gross Margin?
a. Operating expenses
This Sample Final Exam is provided as a resource to help familiarize students with the
content areas and types of questions that they may encounter when they complete the
comprehensive BUS/475 Final Exam in Week Five. The student version of the sample Final
does not include the correct answers (as marked below in red). Please feel free to share
the sample final questions and answers with your students.
Accounting
Financial accounting
Conceptual foundations
Income statement and statement of retained
earnings
Balance sheet
Statement of cash flows
Managerial accounting
Cost concepts
Product costing systems
Activities-based costing
Cost, volume, and profit analysis
Budgeting (except capital budgeting covered under
finance)
Standard costing
Nonroutine decision making
International accounting*
Accounting Section
b. Sales
c. Cost of goods sold
d. Commissions paid
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