LeewardCommunity CollegeDella Kunimune

Student Learning Outcome (SLO) Assessment Template

Course Alpha and Number: ACC 202

Course Title: Managerial Accounting

Name(s) of Instructor(s):Shelley Ota, Kathy Hill, Michael Fujita, Tina Lee, lecturers

Division: Business Technology

Date: September 27, 2006

What Student Learning Outcome was assessed?

5.Analyze, record, and report the activities of a manufacturing company using process cost, job order cost, and standard cost accounting systems.

6.Prepare information and reports that may be used by management to plan, direct, motivate, and control a business using Cost-Volume-Profit analysis, incremental analysis, and operational and capital budgeting techniques.

Phase 1

A. Describe the assessment tool (test, survey, rubric, etc.) used. Cut and paste your tool below if possible.

ACC 202 Course Assessment Questions

Please include these chapter questions on the appropriate exam.

Chapter 24 – Question 92

Reed Merchandising Company expects to purchase $60,000 of materials in July and $70,000 of materials in August. Three-quarters of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. How much will August’s cash disbursements for materials purchases be?

  1. $45,000
  2. $52,000
  3. $67,500**
  4. $70,000

Chapter 25 – Question 55

The master budget of Benedict Company shows that the planned activity level for next year is expected to be 50,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected:

Indirect labor$480,000

Machine supplies120,000

Indirect materials140,000

Depreciation on factory building 100,000

Total manufacturing overhead$840,000

A flexible budget for a level of activity of 60,000 machine hours would show total manufacturing overhead costs of

  1. $988,000**
  2. $840,000
  3. $1,008,000
  4. $908,000

Chapter 27 – Question 68

Sam’s Manufacturing Company can make 100 units of a necessary component part with the following costs:

Direct Materials$70,000

Direct Labor 13,000

Variable Overhead 40,000

Fixed Overhead 27,000

If Sam’s Manufacturing Company can purchase the component externally for $135,000 and only $8,000 of the fixed costs can be avoided, what is the correct “make or buy” decision?

  1. Make and save $4,000**
  2. Buy and save $4,000
  3. Make and save $20,000
  4. Buy and save $20,000

Chapter 27 – Question 78

Kimble Company gathered the following data about the three products that it produces:

PresentEstimated AdditionalEstimated Sales

ProductSales ValueProcessing Costsif Processed Further

A$ 9,000$ 6,000$ 16,000

B15,0005,00018,000

C11,0003,00016,000

Which of the products should not be processed further?

  1. Product A
  2. Product B**
  3. Product C
  4. Products A and C

B. Who was the data collected from? How many were collected?

We collected a sample size of 15 students from three classes of approximately 67 students. Students were chosen randomly by accounting coordinator.

C. What were the results of the assessment?

ACC 202 Questions
# Correct / Total / % Correct
Chapter 24
# 92: Reed Merchandising Company … / 15.00 / 15.00 / 100.00%
Chapter 25
#55: The master budget of Benedict … / 3.00 / 15.00 / 20.00%
Chapter 27
#68: Sam's Manufacturing Company … / 9.00 / 15.00 / 60.00%
#78: Kimble Company gathered … / 8.00 / 15.00 / 53.33%
Overall Average / 58.33%

D. What changes are needed based on your assessment?

This assessment needs to be repeated. Students performed poorly on some of the questions in the Spring 2005 assessment. One of the instructors used incorrect questions on the exam as they were incorrect in the solutions manual provided by the publisher. This may explain part of the poor performance. Instructors will also have students practice the concepts being assessed through homework, quizzes, and in-class problems before the exam this semester to improve performance.

Phase 2

E. What changes were implemented as a result of your initial assessment?

We had a meeting with the accounting faculty at the beginning of the Fall 2005 semester to discuss the results of the assessment. Instructors will focus on these topics this semester to see if results can be improved. We also have a tutoring program at the LRC for accounting students that we hope will also help.

F. What were the results of those changes?

For the Fall 2005 assessment, we changed our collection process. Instead of taking small sample sizes from several classes, we used the majority of all class results. Some of the results actually dropped from Spring 2005, but in other areas there was improvement. Using all of a class provides different insight into how students are doing. We should probably decide whether to repeat this assessment with all students in ACC 202 to see how the results change. See comparison table below.

ACC 202 Questions
Spring 2005 / Fall 2005
% Correct / % Correct / Trend
Chapter 24
# 92: Reed Merchandising Company … / 100.00% / 82.22% / 82.22%
Chapter 25
#55: The master budget of Benedict … / 20.00% / 19.35% / 96.77%
Chapter 27
#68: Sam's Manufacturing Company … / 60.00% / 75.86% / 126.44%
#78: Kimble Company gathered … / 53.33% / 65.52% / 122.84%
Total students / 15 / 29 to 45

G. What will be done for the next assessment of this course?

In future semesters, we will continue to focus on student understanding of these topics. Additionally we will look at using a different form of assessment tool to better assess student learning.

At our accounting meeting on 9/27/06 we discussed looking at SLOs 2 and 3 the next time we assess ACC 202. We think using a project that combines the statement of cash flow and financial statement analysis would be a good assessment tool.