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Prefinal Examinations - Costing and Pricing - 1
Prefinal Examinations - Costing and Pricing - 1
TEST I.
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20
TEST II. ENUMERATION. Enuerate the items asked for. Each item is 2 points credit.
A
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B
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TEST III.
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B.
PREFINAL EXAMINATION - COSTING AND PRICING
STUDENT'S NAME:
INSTRUCTIONS: From the choice at the right columns shade your correct answer.
If the statement is correct, shade TRUE and if the statement is not correct shade
FALSE. 1points for each question. Total score is 20 points.
. Marginal cost is the additional cost incurred for the production of an additional unit of output.
Marginal costing is a principle whereby marginal expenditures of units produced are determined.
Absorption costing is a principle whereby fixed and variable costs are allotted to cost units.
. Marginal-costing technique is based on the assumption that the contribution provides a
pool out of which fixed cost is met and any surplus being the net profit or margin.
Sales value is the amount of money that is equivalent to the sold product or service.
Opening stock is the value of available stocks at the close of the inventory period.
. Closing stock is the value of goods available for sale at the end of the inventory period.
. Gross profit is the revenue of the company before deducting the costs associated with making
and selling goods, or the costs related in providing services.
The cost-volume-profit (CVP) analysis determines how changes in costs and volume
affect a company's operating expense.
The break-even point is the price of a good where the minds of the seller and buyer meet.
The theory of price involves the concept of supply and demand to determine the appropriate
price point for a good or service.
Supply is the amount of goods the supplier is able to supply the market.
Demand is the desirse ofx consumers to acquire a tangible or intangible goods at any time.
The demand curve shows the relationship between the price of the good and the demand of consumers.
The supply curce indicates the relation between the price of the good and the ability of supplier to produce.
Equilibrium is the price point where the supplier may reasonably serve potential customers.
The Price theory is the concept of supply and demand to determine the appropriate price point for a good.
In the Posperct theory, two options are offered to the customers,potential loss or gain.
The purchase of an item that generates negative utility is considered as loss.
The reduction of the price of a good that generates positive utility to a customer is called a moon cake.
TEST II. ENUMERATION. Enuerate the items asked for. Each item is 2 points credit.
What are the 9 objectives of CVP? Put your answers on space provided. 18 points
Enuemerate the 16 pricing strategies you have learned in Pricing Theories and Strategies. 32 points
DISCUSSION/ESSAY. 30 POINTS
The business is planning to invest in a Mutual Fund in the amount of P10,000,000 in the next 3 years.
What could be the best option for the business to take from these two options from the financial advisor?
1. Invest the money at the rate of 12% straight for the next 3 years.
2. Invests the money at the rate of 18% for the first year, 12% in the second year and 7% in the 3rd year.
In your own opinion, what could be the best option to choose? 15 points
What are the two important factors that affects the price of goods and services? Explain 15 points
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GRADING RUBRICS - COSTING AND PRICING
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
GRADING RUBRICS - COSTING AND PRICING
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
GRADING RUBRICS - COSTING AND PRICING
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0
NAME
TEST I. TRUE OR FALSE Missed items
TEST II. ENUMERATION
Question No. 1
Question No. 2
TEST III ESSAY Poor Good Satisfactory Excellent
5 8 10 12 15
Item No 1
Item No 2
TOTAL SCORE 0