Homework Answers
Ans:
Option A
Cost center
At cost centers, managers are held responsible for costs and input output relationship is well specified.
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When managers are held responsible for costs and the input-output relationship is well specified, a[n). is...
An operating unit that is responsible for only costs is commonly referred to as an: Multiple...
An operating unit that is responsible for only costs is commonly referred to as an: Multiple Choice Ο Ο revenue center Ο profit center Ο
1. Managers in a cost center are held responsible for both the costs and volumes of...
1. Managers in a cost center are held responsible for both the costs and volumes of inputs used to produce a product or provide a service. True False 2. Properly designed management control systems have both fixed compensation and contingent compensation. True False 3. Properly designed management control systems will eliminate fraudulent behavior by maximizing goal congruence within the organization. True False 4. A master budget consists of a one-year plan linked to (a) organizational goals, (b) strategic long-range profit...
"Responsibility accounting" is the concept that says: 17. Managers should be held entirely responsible for all...
"Responsibility accounting" is the concept that says: 17. Managers should be held entirely responsible for all investment decisions that impact the particular segment in which they are in charge. a. b. Managers should be held responsible for only those things under their control. Managers should never be held entirely responsible for things that happen within the c. particular segment in which they are in charge. Managers should be responsible for both revenues and costs of their particular segment. d. THE...
5.16. Given the following difference equation with the input-output relationship of a certain initially relaxed system...
5.16. Given the following difference equation with the input-output relationship of a certain initially relaxed system (all initial conditions are zero), y(n)-0.6y(n - 1+0.25y(n - 2) -x(n) +x(n- 1) a. find the impulse response sequence y(n) due to the impulse sequence o(n): b. find the output response of the system when the unit step function u(n is applied
Prowse Corporation is an oil well service company that measures its output by the number of...
Prowse Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element Variable Element per Monthlper Well Serviced Revenue $ 4,000 Employee salaries and $ 43,800 1,000 wages Servicing materials 600 Other expenses 38,200 A total of 42 wells were actually serviced during October The revenue in the company's flexible budget for October would have...
All of the following costs should be capitalized when buildings are acquired, except, Multiple Choice Sales...
All of the following costs should be capitalized when buildings are acquired, except, Multiple Choice Sales taxes. О Purchase cost Legal fees. Appraisal fees. Company A lends $100,000 to Company B. The interest on the loan is reported: Multiple Choice as an asset to Company A and a revenue to Company B. as an expense to Company B and a revenue to Company A. as an asset to Company B and a liability to Company A. as an expense to...
please answer all 4 multiple choice questions A responsibility center in which a manager is responsible...
please answer all 4 multiple choice questions
A responsibility center in which a manager is responsible for revenues, cost, and investment is an) cost center. revenue center profit center. investment center None of these. If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio (assuming a 365 day year)? 7.14 times 8.69 times 4.52 times None of these When 10,000 units are produced, variable costs are $6 per unit. Therefore, when 20,000 units are produced:...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month January February March April May June July August September October November December Machine Electricity Hours Costs 2,500 $18,400 2,900 21,000 1,900 13,500 3,100 23,000 3,800 28, 250 3,300 22,000 4,100 24,750 3,500 22,750 2,000 15,500 3,700 26,000 4,700 31,000 4,200 27,750 Summary Output Regression Statistics Multiple...
Kumar INC, evaluates managers of producing departments on their ability to control costs.
Kumar, Inc., evaluates managers of producing departments on their ability to control costs. In addition to the costs directly traceable to their departments, each production manager is held responsible for a share of the costs of a support center, the Human Resources (HR) Department. The total costs of HR are allocated on the basis of actual direct labor hours used. The total costs of HR and the actual direct labor hours worked by each producing department are as follows:Year 1Year...
Cosden Corporation is an oil well service company that measures its output by the number of...
Cosden Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well Serviced Revenue $ 4,700 Employee salaries and wages $ 41,300 $ 1,000 Servicing materials $ 600 Other expenses $ 40,200 When the company prepared its planning budget at the beginning of May, it assumed that 29 wells...
An operating unit that is responsible for only costs is commonly referred to as an: Multiple Choice Ο Ο revenue center Ο profit center Ο
"Responsibility accounting" is the concept that says: 17. Managers should be held entirely responsible for all investment decisions that impact the particular segment in which they are in charge. a. b. Managers should be held responsible for only those things under their control. Managers should never be held entirely responsible for things that happen within the c. particular segment in which they are in charge. Managers should be responsible for both revenues and costs of their particular segment. d. THE...
5.16. Given the following difference equation with the input-output relationship of a certain initially relaxed system (all initial conditions are zero), y(n)-0.6y(n - 1+0.25y(n - 2) -x(n) +x(n- 1) a. find the impulse response sequence y(n) due to the impulse sequence o(n): b. find the output response of the system when the unit step function u(n is applied
Prowse Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element Variable Element per Monthlper Well Serviced Revenue $ 4,000 Employee salaries and $ 43,800 1,000 wages Servicing materials 600 Other expenses 38,200 A total of 42 wells were actually serviced during October The revenue in the company's flexible budget for October would have...
All of the following costs should be capitalized when buildings are acquired, except, Multiple Choice Sales taxes. О Purchase cost Legal fees. Appraisal fees. Company A lends $100,000 to Company B. The interest on the loan is reported: Multiple Choice as an asset to Company A and a revenue to Company B. as an expense to Company B and a revenue to Company A. as an asset to Company B and a liability to Company A. as an expense to...
please answer all 4 multiple choice questions
A responsibility center in which a manager is responsible for revenues, cost, and investment is an) cost center. revenue center profit center. investment center None of these. If the accounts receivable turnover is 42 days, what is the account receivable turnover ratio (assuming a 365 day year)? 7.14 times 8.69 times 4.52 times None of these When 10,000 units are produced, variable costs are $6 per unit. Therefore, when 20,000 units are produced:...
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow: Month January February March April May June July August September October November December Machine Electricity Hours Costs 2,500 $18,400 2,900 21,000 1,900 13,500 3,100 23,000 3,800 28, 250 3,300 22,000 4,100 24,750 3,500 22,750 2,000 15,500 3,700 26,000 4,700 31,000 4,200 27,750 Summary Output Regression Statistics Multiple...
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