Exam 15: The Balanced Scorecard: Strategic-Based Control

Marshek Industries has the theoretical capability to produce 119,000 units per month but currently produces 102,000 units.The conversion cost for the month is $3,750,000.There are 8,500 production hours available within the plant per month.In addition to processing time,to produce a unit takes 15 minutes of move time and 10 minutes of wait time. Required: 1.Compute the theoretical and actual velacities per haur 2.Compute the theoretical and actual cycle times (minutes per unit produced) 3.Compute the MCE

Which of the following would be an objective measure?

Strategic-based performance measures are balanced measures.Give examples of four types of balanced measures.

The balanced scorecard becomes a means of communicating the strategy of the organization to its employees and managers.What might be a downside of communicating this information?

What is the term for outcome measures that are expressed in monetary terms?

What does a strategy map provide?

Which of the following would be considered a lead measure for employee capabilities?

Which of the following statements is true regarding lag measures?

What is the balanced scorecard?

Which is a major difference between activity-based measures and strategic-based measures?

Which feature is related solely to strategic-based responsibility and not to activity-based responsibility?

Which type of responsibility accounting addresses directed continuous improvement in environments that consist of competitive conditions and dynamic change?

The following measures belong to one of four perspectives on the balanced scorecard: 1 Product cost per unit 2 Satisfaction of employees 3 Satisfaction of customer 4 Cycle time Required: a.Identify the perspective appropriate for each measure listed above. b.Suggest a possible strategic objective that might be associated with each measure.

Why are lead measures critical to strategy?

What are lead measures?

What are the two additional perspectives that are added to the activity-based approach to achieve strategic-based responsibility?

A manufacturing cell has the theoretical capability of producing 40,000 microchips per quarter.The conversion cost per quarter is $25,000.There are 4,000 production hours available within the cell per quarter. What is the theoretical velocity per hour?

Which of the following is an objective for increasing revenue growth?

What is the term for outcome measures that are a result of past efforts?

What is strategy translation concerned with?