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SAS9 ACC115 1st Periodic Exam
SAS9 ACC115 1st Periodic Exam
GENERALDIRECTIONS
READ THIS PAGE BEFORE STARTING THE ASSESSMENT
This is an 8 paged test and is composed of 1 section and has a total score of seventy (50) points. You
have 60 Minutes to finish this examination. The breakdown of the exam is as follows:
All things unnecessary for the test must be put in front of the
testing area. Use BLACK or BLUE ink ballpen only. Write all your
answers on the designated answer sheet. Further, erasures are
strictly NOT allowed and will invalidate your answers.
You may NOT use smart phones or reference materials during the testing session. Only the allowed
calculators should be used.
Try to answer all questions. In general, if you have some knowledge about a question, it is better to try
to answer it. You will not be penalized for guessing.
Be sure to allocate your time carefully so you can complete the entire test within the exam session. You
may go back and review your answers at any time during the exam session.
Those who are caught cheating or doing acts not allowed during the exam shall be instructed to
surrender their test papers and shall leave the testing room immediately. Subsequently, their papers
shall be rated as ZERO.
2. Given actual amounts of semi-variable costs for various levels of output, which of the following
will give the most precise measure of the fixed and variable components?
a. linear programming c. least squares method
b. scatter graph approach d. PERT
3. A decision maker is operating in an environment in which all the facts surrounding a decision
are known exactly, and each alternative is associated with only one possible outcome. The
environment is known as
a. Certainty b. Risk c. Uncertainty d. Conduct
5. In running a simulation of the customer demand, the following numbers are drawn in sequence:
2, 8, and 6. The simulation indicates that the third customer will purchase
a. Model P100 b. Model A100 c. Model R100 d. Model T100
6. Matamis Company is preparing its 2020 budget and taking into consideration the recent place of
economic recovery, has developed several sales forecasts and the estimated probability
associated with each sales forecast. In order to determine the sales forecast to be used for
2019 budgeting purposes, which one of the following techniques should Matamis use?
a. Expected value analysis c. Exponential distribution analysis
b. Continuous probability distribution d. Sensitivity analysis
8. Patrick Enterprises, distributor of compact disks (CDs), is developing its budgeted cost of goods
sold for 2020. Patrick has developed the following range of sales estimated and associated
probabilities for the year:
Sales Estimate Probability
P 60,000 25%
85,000 40
100,000 35
Patrick’s cost of goods sold average 80% of sales. What is the expected value of Patrick’s 2020
budgeted cost of goods sold?
a. P85,000 b. P84,000 c. P68,000 d. P67,200
9. In actual business, it is difficult to ascertain the value of information about a future event.
However, it is possible to compute the maximum expected value of additional information by
computing the expected value under conditions of certainty and comparing it with the expected
value of the best strategy under uncertainty. Assuming:
Expected value under certainty conditions P12,000
Expected value using best strategy under uncertainty 10,900
Expected value of perfect information 1,100
This means
a. Management is uncertain it will incur P10,900.
b. Management is certain it will realize P12,000
c. Management can afford to spendP1,100 for perfect information.
d. Management can afford to incur P10,900 since it will earn a net income of P1,100.
10. The procedure for choosing the smallest maximum alternative loss is
a. maximax b. maximin c. minimax d. laplace
13. Considering only the information given in the fact patterns, if the probability of hot weather given
a hot weather forecast is 50%, how much would the vendor be willing to pay for the forecast?
a. P600 b. P300 c. P1,000 d. P500