5-2 accounting

Rubric Name: ACC 202 Milestone Three Rubric

Criteria

Exemplary

Proficient

Needs Improvement

Not Evident

Criterion Score

Statement of Cost of Goods Sold

35 points

Prepares the statement of cost of goods sold, with no errors; shows work through calculations or formulas

29.75 points

Prepares the statement of cost of goods sold, with minimal errors

19.25 points

Prepares the statement of cost of goods sold, with significant errors

0 points

Does not attempt criterion

Score of Statement of Cost of Goods Sold,/ 35

Income Statement

35 points

Prepares the income statement and calculates net income, with no errors; shows work through calculations or formulas

29.75 points

Prepares the income statement and calculates net income, with minimal errors

19.25 points

Prepares the income statement and calculates net income, with significant errors

0 points

Does not attempt criterion

Score of Income Statement,/ 35

Variance Analysis: Data Table

10 points

Completes the data table for variances, with no errors; shows work through calculations or formulas

8.5 points

Completes the data table for variances, with some errors

0 points

N/A

This level is not applicable for grading of this criterion.

0 points

Does not attempt criterion

Score of Variance Analysis: Data Table,/ 10

Variance Analysis: Variances

10 points

Determines all variances for both direct labor and direct materials; shows work through calculations or formulas

8.5 points

Determines most variances for direct labor and direct materials

0 points

N/A

This level is not applicable for grading of this criterion.

0 points

Does not attempt criterion

Score of Variance Analysis: Variances,/ 10

Variance Analysis: Significance

10 points

Correctly evaluates all variances as favorable or unfavorable

8.5 points

Correctly evaluates most variances as favorable or unfavorable

0 points

N/A

This level is not applicable for grading of this criterion.

0 points

Does not attempt criterion

Score of Variance Analysis: Significance,/ 10

Total

Score of ACC 202 Milestone Three Rubric,/ 100

Overall Score

Exemplary

86 points minimum

Instructors should not modify this row (it will automate from the scores above). This score represents the average evaluation across all rubric criteria.

Proficient

56 points minimum

Instructors should not modify this row (it will automate from the scores above). This score represents the average evaluation across all rubric criteria.

Needs Improvement

1 point minimum

Instructors should not modify this row (it will automate from the scores above). This score represents the average evaluation across all rubric criteria.

Not Evident

0 points minimum

Instructors should not modify this row (it will automate from the scores above). This score represents the average evaluation across all rubric criteria.

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