Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781259917059
Author: RECK, Jacqueline L., Lowensohn, Suzanne L., NEELY, Daniel G.
Publisher: Mcgraw-hill Education,
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Chapter 12, Problem 16.9EP
To determine
Explain efficiency measures used in the service efforts and accomplishments (SEA) literature.
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Marketing costs and Maintenance costs are
the examples of
Select one:
a. Revenue center
O b. Cost center
c. Investment center
O d. Discretionary cost center
A cost objective is the:
O reason for allocating the cost
O product, service, or department that is to receive the allocation
O basis on which costs are allocated
O relative benefit received from using a resource
Classify the following under category of cost control or cost reduction:
(i) Cost exceeding budgets or standards is investigated.
(ii) Preventive Function
(ii) Corrective Function
(iv) Measures to standardize for increasing productivity.
Chapter 12 Solutions
Accounting For Governmental & Nonprofit Entities
Ch. 12 - Are governments and not-for-profit organizations...Ch. 12 - What is the difference between two types of...Ch. 12 - Prob. 3QCh. 12 - Robert Bland suggested that tensions may exist...Ch. 12 - Identify some essential components of the annual...Ch. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - What are the three broad categories of service...Ch. 12 - Prob. 9QCh. 12 - Prob. 10Q
Ch. 12 - Prob. 14CCh. 12 - Budgets of government entities a. Are integrated...Ch. 12 - Which of the following statements regarding...Ch. 12 - Which of the following steps would not usually be...Ch. 12 - The budgeting principle in generally accepted...Ch. 12 - Prob. 16.5EPCh. 12 - An approach to budgeting that requires the very...Ch. 12 - Which of the following does not represent a...Ch. 12 - Prob. 16.8EPCh. 12 - Prob. 16.9EPCh. 12 - Prob. 16.10EPCh. 12 - Prob. 16.11EPCh. 12 - Which of the following is not one of the general...Ch. 12 - Prob. 16.13EPCh. 12 - The police chief of the Town of Meridian submitted...Ch. 12 - The City of Manhattan, Kansas, prepares an annual...Ch. 12 - The City of Ashcroft has produced a Service...Ch. 12 - Prob. 20EPCh. 12 - Prob. 21EPCh. 12 - The U.S. Office of Management and Budget (OMB)...
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- Which of the following statements is not an Objective of the cost management system Select one: a. Identify and evaluate new activities that can improve performance. b. Determine efficiency and effectiveness of major activities. c. Publish the annual financial statements. d. Measure the cost of resources consumed.arrow_forwardExplain the following terms: practical capacity, cost of resources supplied, cost of resources used, and cost of resources unused.arrow_forwardExplain the relationship between the costs of flexible and committed resources, usage of resources, cost behavior, and cost determination.arrow_forward
- Classify the following fixed costs as normally being either committed or discretionary:f. Management development and training.arrow_forwardMatching Question: Match the following cost accounting objectives with their corresponding descriptions: A) Cost Control and Reduction B) Budgeting and Planning C) Performance Evaluation 1. Involves comparing actual costs with budgeted costs to assess efficiency. • Answer: 2. Focuses on implementing strategies to manage and minimize costs. • Answer: 3. Provides precise cost estimates for various activities, aiding in effective planning. • Answer: Match each objective with its appropriate description: A)..... B) C)arrow_forwardWhich among the following alternative methods of costing is related to the best use of physical asset at the lowest cost of entity? a. Absorption Costing b. Life Cycle Costing c. Activity Based Costing d. Target Costing The objective function is expressed in terms of: a. Symbols b. Numbers c. Special characters d. Decision variablesarrow_forward
- A. What is the benefit of cost assignment? How does this aid the organization in financial decisions?arrow_forwardare measures of activities that require the use of resources and thereby cause costs Value Chain Costs Cost behavior O Cost driversarrow_forwardThe 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 processarrow_forward
- What is the role of cost management with respect to the objective of continuous improvement?arrow_forwardExplain the components of the total cost equation and describe how each of the components can be used by management for decision-making.arrow_forwardHow does a strategic performance measurement system improve upon an ordinary performance measurement system?arrow_forward
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What is Cost Allocation? Definition & Process; Author: FloQast;https://www.youtube.com/watch?v=hLhvvHvZ3JM;License: Standard Youtube License