This document provides sample exam questions and problems for an ACCT 434 Midterm exam covering topics in managerial accounting. There are three practice questions/problems presented: 1) A purchases budget problem for Favata Company using sales forecasts, cost of goods sold rate, and desired inventory levels. 2) A cost estimation problem using the high-low method to determine the cost function based on machine hours for a Machining Department. 3) An make-or-buy analysis problem for wheel production at Collier Bicycles comparing the costs of internal production vs an external supplier offer, including a fixed overhead absorption issue.