Acct1101 Exam Final Sample Essay

1424 Words Apr 3rd, 2013 6 Pages
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This exam paper must not be removed from the venue

School of Business
SAMPLE EXAMINATION
ACCT1101 Account for Decis Making
This paper is for St Lucia Campus students.
For Examiner Use Only
Question Mark 1 | | 2 | | 3 | | 4 | | | | MCQ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

Total

For Examiner Use Only
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Calculate the variances for each item and state whether they are Favourable (FAV) or Adverse (ADV) ii. Comment on each variance in light of the information given about the company and suggest further investigation that will be necessary to better ascertain the cause of these variances iii. Comment on the company’s overall performance during the year and discuss the key areas that the business should be considering

Question 3

James Wilson, process engineer, had been given the task of redesigning an existing process to improve environmental performance. He knew that the acceptance of a more environmentally efficient process would depend on its economic feasibility. The process design required new equipment and an infusion of working capital.
The equipment would cost $450,000 and its cash operating expenses would total $90,000 per year. The equipment would last for seven years but would need a major overhaul costing $45,000 at the end of the fifth year. At the end of 7 years, the equipment could be sold for $30,000. The annual depreciation for this equipment using the straight

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