What are relevant revenues and cost delays? 2- How do managers use financial and nonfinancial measures to evaluate quality?

Q: Contribution margin ratio definition and how is useful in planning business operations?

A: Solution:- Contribution margin ratio definition as follows:-

Q: managers duty to take appropriate action when accounting reports indicate

A: Managers are involved in planning and implementing appropriate actions to lead the organization…

Q: “When evaluating a company’s performance on the time dimension, managers should only consider…

A: The role of financial measures in evaluating a company's performance is very less than the…

Q: When should a company recognize revenue under GAAP? Multiple Choice When the promised performance…

A: According to generally accepted accounting principles (GAAP), the following two criteria must be…

Q: THE MAIN DIFFERENCE BETWEEN EX-ANTE AND EX-POST ECONOMIC PROFIT a. Representing the opportunity…

A: b. is called the hold-up problem

Q: In a management setting, does Transfer Pricing affects the previous topics - Absorption & Variable,…

A: Transfer pricing is the strategy which is adopted by the company in order to charge the amount for…

Q: Which of the following is NOT true about the cause-and-effect criterion when estimating a cost…

A: The cause and effect analysis is one of the factors for making cost allocation decisions. The cost…

Q: 1 Consider the following statements concerning costs. When making​ decisions, relevant costs that…

A: Management accounting is the one widely used by the management and the accountants for various…

Q: Define the term gross profit margin. Explain several waysin which management might improve a…

A: Gross profit: It can be defined as the excess of a company's net sales revenue over its cost of…

Q: What is the meaning of contribution margin ratio? How is this ratio useful in planning…

A:

Q: Cost calculation

A: Cost is the amount incurred in production of product, carrying out a process, conduct of sales or…

Q: Which of the following statements is most correct about step costs?  they have the same behaviour…

A: Marginal costing is the one by which the cost of additional unit production is calculated. Under…

Q: What is the major shortcoming of using operating income as a performance measure for investment…

A: The company's aim will be to increase the profitability of the company. The profits can be arrived…

Q: Synthesized data to explain the concept of ROI, how the use of an activity-based costing system can…

A: Ratio analysis is a tool used by the financial analyst to measure the financial performance of the…

Q: he following sentences relate to achieving the financial goal of cost minimization. Which of the…

A: Cost minimization is a concept by which producers try to figure out how costs should be reduced.…

Q: What is the primary disadvantage of utilizing revenue from operations to evaluate investment…

A: Investment centers are businesses that invest in other companies to boost their profits.

Q: Which of the following promotes goal congruence (aligned goals between segment managers and top…

A: 1) Correct option is return on investment as a performance evaluation measure    Explanation: The…

Q: “A financial productivity measure contains more information than an operational productivity measure…

A: Introduction: Operational productivity is the ratio of output units to input units, and physical…

Q: 1- When is a revenue or cost item relevant for a particular decision?

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: 1. Discuss whether the manager of Bell Division should be evaluated only on ROI?  2. Provide two…

A: Financial ratios: The ratios calculated by using the various line items reported in the financial…

Q: Which of the following statements best describes a profit center?a. The responsibility for combining…

A: The profit center affects the major profit decisions of the authority that includes the choosing…

Q: Which one of the following is related to the decision making function of management: O a.…

A: Management is required to take various decisions from time to time so as to perform the business…

Q: What is the relationship between contribution margin and responsibility margin? Explain how each of…

A: Contribution Margin: The contribution margin is the excess of selling price over the variable costs…

Q: “Companies should focus on financial measures of quality because these are the only measures of…

A:

Q: Which of the following is not a reason for banks to use activity-based costing? a.to determine…

A: Activity based costing (ABC): Under activity based costing method, the activities responsible for…

Q: “When evaluating a company’s performance on the time dimension, managers should only consider…

A:

Q: Why do managers need to know the cost of their products?

A: Job order costing: Job order costing is one of the methods of cost accounting under which cost is…

Q: “When evaluating alternative ways to improve quality, managers need to consider the fully allocated…

A: Quality is a trait of the product which signifies that the perception of the degree to which the…

Q: Classify the following under category of cost control or cost reduction: (1) Cost exceeding budgets…

A: Cost reduction is real and permanent reduction in cost and helps in savings. Cost control is…

Q: In your opinion, where should companies spend most of their quality funds: on prevention,…

A: Firstly we need to understand following Costs: Prevention costs: These are incurred in preventing…

Q: Which one of the following is related to the decision making function of management: a. None of the…

A: The correct answer is option  b. Choosing among alternatives

Q: Identify and discuss arguments that individual product managers may put forward to support their…

A: Preferred Revenue Allocation method is a revenue allocation method in which managers in charge of…

Q: When making decisions, managers should consider a. revenues that differ between alternatives. b.…

A: The explanation for the given options:   a. A manager on the verge of making decisions must consider…

Q: What is the major shortcoming of using income from operations as a performance measure for…

A: Investment centre are who do investment of organisation to increase income.

Q: What is an operational productivity measure and a financial measure?

A:

Q: Discuss how an emphasis on financial performance of cost centers, as measured by traditional cost…

A: Cost Accounting System:   Cost accounting system can be defined as a framework designed by the…

Q: ncepts and lerminology om the choices presented in parentheses, choose the appropriate term for…

A: solution Number Sentence Appropriate term A Advertising costs are usually viewed as…

Q: Which of the following is not among the main uses of Activity-Based-Management ABM Select one: O a.…

A: Activity Based Management is a method or procedure of analysing profitability of the company by…

Q: What is meant by customer-profitability analysis? Give an example of an activity that might be…

A: Customer Profitability Analysis:  It is the process of ascertaining the amount of revenue earned…

Q: 1. The amount of increase or decrease in revenue that is expected from a particular course of action…

A: Differential costing is a technique where differential costs are considered relevant. Differential…

Q: What is the major shortcoming of using income from operations as a performance measure for…

A: Investment center: A department or unit or division of a corporation where its manager is assigned…

Q: components of the Contribution Margin Income Statement, how does management use this in the decision…

A:

Q: disadvantage of utilizing income from operations as a performance indicator

A: Income from operations means the excess of revenues from business operations than cost of conducting…

Q: Give two examples of nonfinancial measures of customer satisfaction relating to quality

A: Non Financial measures are the quantitative numbers on which you cant assign any monetary value but…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.