A) arise from periodic (usually annual)decisions B) often incur a delay between when the resource is acquired and when it is used C) include R&D and human resource costs D) include a high level of certainty A) arise from periodic (usually annual)decisions B) often incur a delay between when the resource is acquired and when it is used C) include R&D and human resource costs D) include a high level of certainty

Exam 13: Strategy, Balanced Scorecard, and Strategic Profitability Analysis

The balanced scorecard uses financial and nonfinancial performance measures to evaluate short-run and long-run performance in a single report.

(True/False)

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Question 101

Successful reengineering efforts generally involve changing the roles and responsibilities of employees.

(True/False)

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Question 102

What is the direct manufacturing labor partial productivity for Dangerfield Company, assuming 40,000 big and tall sport jackets were produced during 2011 and 160,000 direct manufacturing labor-hours were used?

(Multiple Choice)

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Question 103

Define engineered and discretionary costs and give two examples of each.

(Essay)

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Question 104

Grader Company manufactures road graders. Because its managers all have engineering backgrounds, they prefer nonfinancial information for their decision-making models. Therefore, they require the accountants gather data to assist in the examination of nonfinancial results of operations. The following information relates to the manufacture of a paver: Required: a. What is the partial productivity for direct materials for each year? b. What is the partial productivity for direct manufacturing labor for each year? c. What is the total factor productivity for each year?

(Essay)

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Question 105

Engineered costs have no measurable cause-and-effect relationship between output and resources used.

(True/False)

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Question 106

An analysis of Captain Jack Corporation's operating income changes between 2011 and 2012 show the following: Required: Is Captain Jack's operating income gain consistent with the product differentiation or cost leadership strategy? Explain briefly.

(Essay)

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Question 107

What is the direct manufacturing labor partial productivity, assuming 20,000 units were produced during 2011 and 80,000 direct manufacturing labor-hours were used?

(Multiple Choice)

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Question 108

The productivity component of operating income focuses exclusively on revenues.

(True/False)

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Question 109

Measures of the balanced scorecard's internal-business-process perspective include all of the following EXCEPT:

(Multiple Choice)

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Question 110

Different strategies call for different scorecards.

(True/False)

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Question 111

Answer the following questions using the information below: Following a strategy of product differentiation, Loftus Company makes a high-end Appliance, AP15. Loftus Company presents the following data for the years 2011 and 2012: Loftus Company produces no defective units but it wants to reduce direct materials usage per unit of AP15 in 2012. Manufacturing conversion costs in each year depend on production capacity defined in terms of AP15 units that can be produced. Selling and customer-service costs depend on the number of customers that the customer and service functions are designed to support. Loftus Company has 46 customers in 2011 and 50 customers in 2012. The industry market size for high-end appliances increased 5% from 2011 to 2012. -What is the cost effect of the price-recovery component?

(Multiple Choice)

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Question 112

Downsizing is an integrated approach of configuring processes, products, and people to match costs to the activities that need to be performed to operate effectively and efficiently in the present and future.

(True/False)

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Question 113

Total factor productivity (TFP)is the ratio of the quantity of output produced to the costs of all inputs used, where the inputs are combined on the basis of current period prices.

(True/False)

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Question 114

Measures of the balanced scorecard's internal-business-process perspective include:

(Multiple Choice)

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Question 115

________ is the fundamental rethinking and redesign of business processes to achieve improvements in critical measures of performance such as cost, quality, service, speed, and customer satisfaction.

(Multiple Choice)

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Question 116

Answer the following questions using the information below: Riter Corporation manufactures water toys. It plans to grow by producing high-quality water toys at a low cost that are delivered in a timely manner. There are a number of other manufacturers who produce similar water toys. Riter believes that continuously improving its manufacturing processes and having satisfied employees are critical to implementing its strategy. -Riter's strategy is:

(Multiple Choice)

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Question 117

________ is an organization's ability to achieve low costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.

(Multiple Choice)

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Question 118

The cost leadership strategy is for products and services that are similar to competitor's products and services.

(True/False)

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Question 119

Engineered costs:

(Multiple Choice)

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Question 120

Showing 101 - 120 of 171

The balanced scorecard uses financial and nonfinancial performance measures to evaluate short-run and long-run performance in a single report.

Successful reengineering efforts generally involve changing the roles and responsibilities of employees.

What is the direct manufacturing labor partial productivity for Dangerfield Company, assuming 40,000 big and tall sport jackets were produced during 2011 and 160,000 direct manufacturing labor-hours were used?

Define engineered and discretionary costs and give two examples of each.

Engineered costs have no measurable cause-and-effect relationship between output and resources used.

An analysis of Captain Jack Corporation's operating income changes between 2011 and 2012 show the following: Required: Is Captain Jack's operating income gain consistent with the product differentiation or cost leadership strategy? Explain briefly.

What is the direct manufacturing labor partial productivity, assuming 20,000 units were produced during 2011 and 80,000 direct manufacturing labor-hours were used?

The productivity component of operating income focuses exclusively on revenues.

Measures of the balanced scorecard's internal-business-process perspective include all of the following EXCEPT:

Different strategies call for different scorecards.

Downsizing is an integrated approach of configuring processes, products, and people to match costs to the activities that need to be performed to operate effectively and efficiently in the present and future.

Total factor productivity (TFP)is the ratio of the quantity of output produced to the costs of all inputs used, where the inputs are combined on the basis of current period prices.

Measures of the balanced scorecard's internal-business-process perspective include:

________ is the fundamental rethinking and redesign of business processes to achieve improvements in critical measures of performance such as cost, quality, service, speed, and customer satisfaction.

________ is an organization's ability to achieve low costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.

The cost leadership strategy is for products and services that are similar to competitor's products and services.

Engineered costs:

The Accountants Role in the Organization

An Introduction to Cost Terms and Purposes

Cost-Volume-Profit Analysis

Job Costing

Activity-Based Costing and Activity-Based Management

Master Budget and Responsibility Accounting

Flexible Budgets, Direct-Cost Variances, and Management Control

Flexible Budgets, Overhead Cost Variances, and Management Control

Inventory Costing and Capacity Analysis

Determining How Costs Behave

Decision Making and Relevant Information

Pricing Decisions and Cost Management

Cost Allocation, Customer-Profitability Analysis, and Sales-Variance Analysis

Allocation of Support-Department Costs, Common Costs, and Revenues

Cost Allocation: Joint Products and Byproducts

Process Costing

Spoilage, Rework, and Scrap

Balanced Scorecard: Quality, Time, and the Theory of Constraints

Inventory Management, Just-In-Time, and Simplified Costing Methods

Capital Budgeting and Cost Analysis

Management Control Systems, Transfer Pricing, and Multinational Considerations

Performance Measurement, Compensation, and Multinational Considerations

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