Managerial Accounting (5th Edition)
5th Edition
ISBN: 9780134128528
Author: Karen W. Braun, Wendy M. Tietz
Publisher: PEARSON
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Textbook Question
Chapter 10, Problem 10.17AE
Identify type of responsibility center (Learning Objective 1)
Each of the following situations describes an organizational unit. Identify which type of responsibility center each underlined item is (cost, revenue, profit, or investment center).
| Organization |
| a. Sherwin-Williams Store #1933 is located in Copley, Ohio. The store sells paints, wallpapers. and supplies to do-it-yourself customers and to professional wall covering installers. |
| b. The Accounting Research and Compliance Department at FirstEnergy is responsible for researching how new accounting pronouncements and rules will impact FirstEnergy’s financial statements. |
| c. The Southwestern Sales Region of McDermott Foods is responsible for selling the various product lines of McDermott. |
| d. The |
| e. The Roseville Chipotle restaurant in Minnesota, is owned by its parent Chipotle Mexican Grill. Inc. The Roseville Chipotle, like other Chipotle restaurants, serves burritos, fajitas, and tacos and competes in the “fast-casual” dining category. |
| f. Trek Bicycle Corporation manufactures and distributes bicycles and cycling products under the Trek. Gary Fisher, Bontrager, and Klein brand names. |
| a. The Hershey Company is one of the oldest chocolate companies in the United States. Its product lines include the Mauna Loa Macadamia Nuts, Dagoba Organic Chocolates, and Joseph Schmidt Confections. |
| h. The Human Resources Department is responsible for recruiting and training for the Kohl’s Corporation. |
| i. The reservation office for BlueSky Airlines, Inc., is responsible for both online sales and counter sales. |
| i. The Disney Store at Spring Hill Mall in West Dundee, Illinois, is owned by The Walt Disney Company. |
| k. H & R Block Tax Services, H & R Block Bank, and McGladrey are all divisions of their parent corporation, H & R Block. |
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Directions:
1. Read and analyze the given scenario.
2. With the goal and role of financial management in business in mind, determine whether the project
should be continued or abandoned. Use the following facts and figures below as your reference.
3. Present your recommendation and explain the reasons in 4-6 sentences.
4. Write your answer on the blanks provided.
Company A accepts a project to create a Learning Management System (LMS) for a big client. This
company also creates and produces online training materials such as digital videos and ebooks. The LMS
project itself has a projected revenue of $850,000. So far, the expenses amounting to $600,000 have
been incurred by Company A on the project. This is way beyond the allocated budget. Due to this, the
management contemplates on whether the project should still be continued.
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Chapter 10 Solutions
Managerial Accounting (5th Edition)
Ch. 10 - (Learning Objective 1) Companies often...Ch. 10 - (Learning Objective 1) Which of the following is...Ch. 10 - (Learning Objective 1) In terms of responsibility...Ch. 10 - (Learning Objective 2) Which of the following is...Ch. 10 - (Learning Objective 2) A segment margin is the...Ch. 10 - Prob. 6QCCh. 10 - Prob. 7QCCh. 10 - Prob. 8QCCh. 10 - Prob. 9QCCh. 10 - Prob. 10QC
Ch. 10 - Identify and understand responsibility centers...Ch. 10 - Identify types of responsibility centers (Learning...Ch. 10 - Identify centralized and decentralized...Ch. 10 - Prob. 10.4SECh. 10 - Prob. 10.5SECh. 10 - Prob. 10.6SECh. 10 - Calculate ROI (Learning Objective 3) Refer to Epic...Ch. 10 - Prob. 10.8SECh. 10 - Prob. 10.9SECh. 10 - Prob. 10.10SECh. 10 - Prob. 10.11SECh. 10 - Interpret a performance report (Learning Objective...Ch. 10 - Prob. 10.13SECh. 10 - Classify KPIs by balanced scorecard perspective...Ch. 10 - Use vocabulary terms (Learning Objectives 1, 2, 3,...Ch. 10 - Prob. 10.16SECh. 10 - Identify type of responsibility center (Learning...Ch. 10 - Complete and analyze a performance report...Ch. 10 - Prepare a segment margin performance report...Ch. 10 - Compute and interpret the expanded ROI equation...Ch. 10 - Prob. 10.21AECh. 10 - Prob. 10.22AECh. 10 - Comparison of ROI and residual income (Learning...Ch. 10 - Prob. 10.24AECh. 10 - Comprehensive flexible budget problem (Learning...Ch. 10 - Prepare a flexible budget performance report...Ch. 10 - Work backward to find missing values (Learning...Ch. 10 - Construct a balanced scorecard (Learning Objective...Ch. 10 - Sustainability and the balanced scorecard...Ch. 10 - Identify type of responsibility center (Learning...Ch. 10 - Complete and analyze a performance report...Ch. 10 - Prob. 10.32BECh. 10 - Prob. 10.33BECh. 10 - Prob. 10.34BECh. 10 - Prob. 10.35BECh. 10 - Prob. 10.36BECh. 10 - Prob. 10.37BECh. 10 - Prob. 10.38BECh. 10 - Prob. 10.39BECh. 10 - Prob. 10.40BECh. 10 - Prob. 10.41BECh. 10 - Sustainability and the balanced scorecard...Ch. 10 - Prepare a budget with different volumes for...Ch. 10 - Prepare and interpret a performance report...Ch. 10 - Prob. 10.45APCh. 10 - Prob. 10.46APCh. 10 - Prob. 10.47APCh. 10 - Evaluate subunit performance (Learning Objectives...Ch. 10 - Prob. 10.49BPCh. 10 - Prob. 10.50BPCh. 10 - Evaluate divisional performance (Learning...Ch. 10 - Prob. 10.52BPCh. 10 - Determine transfer price at a manufacturer under...Ch. 10 - Evaluate subunit performance (Learning Objectives...Ch. 10 - Prob. 10.55SC
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