Accounting Exam: Budgeted Cost, ABC Costing, NPV, Ratios, Balanced Scorecard
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This exam covers topics such as budgeted cost, ABC costing, NPV, ratios, and balanced scorecard. It includes calculations of variances and critical evaluations of different methods. The first question covers the calculation of budgeted cost per unit for each product and critical evaluation of ABC as a costing method. The second question covers the calculation of net present value, internal rate of return, and critical evaluation of NPV for project appraisal. The third question covers the calculation of ratios and discussion of the financial performance of the company between 2019 and 2020. The fourth question covers the calculation of variances and critical evaluation of the balanced scorecard as a method of assessing performance.