1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy...

of 51 /51
1 Quiz point 1 Exam point Candy Homework Pass 1 Homework 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework 1 Quiz poin 1 Exam poin Candy Homework Pa 1 Homework point Performance Management Standard Costing Short Run Decisions Pricing Quality
  • date post

    21-Dec-2015
  • Category

    Documents

  • view

    225
  • download

    2

Transcript of 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy...

Page 1: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

1 Quizpoint

1 Exam point

Candy

Homework Pass

1 Homeworkpoint

1 Quizpoint

1 Exampoint

Candy

HomeworkPass

1 Homeworkpoint

1 Quizpoint

1 Exampoint

Candy

HomeworkPass

1 Homeworkpoint

1 Quizpoint

1 Exampoint

Candy

HomeworkPass

1 Homeworkpoint

1 Quizpoint

1 Exampoint

Candy

HomeworkPass

1 Homeworkpoint

Performance Management

StandardCosting

Short RunDecisions

Pricing Quality

Page 2: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Goals link to performance objectives that link to measures that link to targets.

Page 3: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is a balanced scorecard?

Page 4: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Performance evaluated based on flexible budgets.

Page 5: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is a cost center?

Page 6: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Investment centerCost centerProfit center

Revenue centerDiscretionary cost center

Page 7: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is a responsibility center?

Page 8: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Performance evaluated based on EVA, RI, and ROI.

Page 9: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is an Investment center?

Page 10: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

A company performance measure was 11.11 percent based on total sales of $4,000; operating income of $1,000; beginning assets invested of $6,000; ending assets

invested of $12,000; and a desired ROI of 8%.

Page 11: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is the company’s ROI?

Page 12: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

The purpose of this performance evaluation method is to control cost.

Page 13: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is standard costing?

Page 14: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Both job order costing and process costing can use this performance evaluation method.

Page 15: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is standard costing?

Page 16: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

One type of budget is based on one specific level of output, whereas the other type of budget can be prepared for various levels of

output.

Page 17: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is the difference between a static budget and a flexible budget?

Page 18: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

A variance that would be calculated in a manufacturing

organization but not in a service organization.

Page 19: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is a material variance?

Page 20: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

The distinctive element of a flexible budget.

Page 21: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is the flexible budget formula (A@S@S)?

Page 22: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Decisions whose effects will be felt over the course of the next year.

Page 23: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is a short run decision?

Page 24: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

A cost that changes between alternatives.

Page 25: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is a differential cost?

Page 26: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Payroll and IT are a strong candidates for this action.

Page 27: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is outsourcing?

Page 28: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

If a segment has a negative segment margin, management

should take this action.

Page 29: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

When should a segment be eliminated?

Page 30: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

This short run decision is based on the contribution margin per

limited resource.

Page 31: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is a sales mix decision?

Page 32: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Computed by subtracting the desired profit from the target price.

Page 33: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is target cost?

Page 34: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

A pricing method used by automobile repair businesses.

Page 35: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is the time and materials pricing method?

Page 36: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

This method’s objective is to earn a profit equal to a specified

rate of return on assets.

Page 37: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is the return on assets pricing method’s objective?

Page 38: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

An example of a pricing policy objective.

Page 39: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is maintain or gain market share?

Page 40: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Establishes the price at which goods and services are

exchanged among a company’s divisions or segments.

Page 41: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is transfer pricing?

Page 42: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Prevention costs and appraisal costs.

Page 43: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What are conformance costs?

Page 44: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Costs incurred after the delivery of a defective product or service.

Page 45: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What are external failure costs?

Page 46: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Costs of activities that measure, evaluate, or audit products,

processes, or services to ensure conformity to quality standards.

Page 47: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What are appraisal costs?

Page 48: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

Defective parts per million (by product line).

Page 49: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is an example of a nonfinancial measure of quality?

Page 50: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

The time between acceptance of a customer’s order and final delivery of the product to a

customer.

Page 51: 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point Candy Homework Pass 1 Homework point 1 Quiz point 1 Exam point.

What is delivery cycle time?