Making decisions concerning specific cost drivers. A) Ethics B) Mission C) Controlling D) Goal E) Cost driver F) Quality G) Balance statement H) Income statement I) Strategic cost management J) Financial accounting K) Activity cost driver L) Structural cost driver M) Managerial accounting N) Resources O) Product differentiation

Define and explain the two major subsystems of the cost management information system.

What are organizational and operational activities? Organizational cost drivers? Operational cost drivers?

Describe the concept of a cost center and, using a specific organization, give an example of how this might be used to achieve the strategic goals of the organization.

The ability to assign a cost directly to a cost object by means of a causal relationship is a. allocation b. traceability c. separability d. value chain process

Explain how a scatter graph is used to identify and measure cost behavior.

Activity-based management includes both process value analysis and activity-based costing. Which of the following features is primarily associated with process value analysis? a. Defining root causes of each activity b. Identifying cost objects and activity drivers c. Calculating activity rate d. Assigning costs to cost objects

Identify appropriate cost drivers for these cost pools: A. setup cost pools B. assembly cost pool C. supervising cost pool D. testing cost pool

Components of the organization that are demotivating for purposes of performance management are known as ______. A. business goals B. strategic plans C. uncontrollable factors D. incentives

Explain why the Accounting Department should be responsible for producing quality cost reports.