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- Question 6.1 For each item listed, select the appropriate purpose of cost allocation from the list below. A purpose may be used more than once. A - To provide information for economic decisions B - To motivate managers and other employees C - To measure income and assets for reports to external parties D - To justify costs or compute reimbursement amounts Required To encourage simpler product design To cost inventories for reporting on a company's tax return To encourage the sales department to focus on high-margin products To evaluate a make or buy decision To cost inventories for the balance sheet To decide whether to add or delete a product line To decide on an appropriate selling price for a special-order product To cost a product at a fair price for government contracts(Appendix 11A) Balanced Scorecard The following list gives a number of measures associated with the Balanced Scorecard: a. Number of new customers b. Percentage of customer complaints resolved with one contact c. Unit product cost d. Cost per distribution channel e. Suggestions per employee f. Warranty repair costs g. Consumer satisfaction (from surveys) h. Cycle time for solving a customer problem i. Strategic job coverage ratio j. On-time delivery percentage k. Percentage of revenues from new products Required: 1. Classify each performance measure as belonging to one of the following perspectives: financial, customer, internal business process, or learning and growth. 2. Suggest an additional measure for each of the four perspectives.What is the company's current ratio?A. 2.07B. 1.38C. 1.41 D. 1.79
- Communication The senior management of Tungston Company has proposed the following three performance measures for the company: 1.Net income as a percent of stockholder equity 2.Revenue growth 3.Employee satisfaction Management believes that these three measures combine both financial and nonfinancial measures and are thus superior to using just financial measures. Write a brief memo to David Tungston, the company president, providing suggestions on how to improve the companys performance measurement system.QUESTION 15 The reports generated by variable costing system of a company is mostly used by: lenders and creditors internal management investors and stockholders government and tax agenciesOb Going concern Assumption Oc Matching Concept d Consistency Principle Clear my choice Who among the following uses accounting information to know the possible wage increments? a. Bankers Ob. Customers Oc. Employees Od. Owners Next page MTem a New Window/ Micro DOLL CH TW
- QUESTION 17 A business segment that is responsible for all of its revenues and expenses is known as: cost center investment center Profit center production center34 National Detergent Company SAOG evaluate their financial performance through various reports which are provided to them. Find out one of the following accounting prepare and provide special types of reports which are used by the top level management of an organization? a. Cost accounting b. In All these accounting c. Management accounting d. Financial accountingCost of quality and value-added/non-value-added reports for a service company A. Using the information in Exercise 17, identify the cost of quality classification for each activity and whether the activity is value-added or non-value-added. B. Prepare a cost of quality report. Assume that sales are 5,000,000. (Round percentages to one decimal place.) C. Prepare a value-added/non-value-added analysis. D. Interpret the information in (D) and (C).
- Q30 Under which of the following ___________ field, one of the important function is to measure and disclose the costs and benefits to the people, where as in case of conventional accounting the main function is to measure and disclose the cost and benefits of a particular company? a. Social accounting b. Human resource accounting c. Inflation accounting d. Current cost accounting8-How are the numbers and kinds of employees the organization will need at future dates in order for the firm to realize its stated objectives determined? Requirements forecast Availability forecast Organizational analysis Job analysisQuestion 5.1 For each of the following balanced scorecard measures, A – Financial B – Customer C – Internal Business Process D – Learning and Growth Required Match with the appropriate perspective: Number of new customers Percentage of defective product units Number of patents Customer profitability Customer cost per unit Return on assets Average job-related training hours per employee Product cost per unit Employee turnover rate Percentage of processes with real-time feedback