1) True
A fixed cost is not constant per unit of product.Fixed Cost per unit decreases when the production level increases and vice verse.
2) True
Cost behavior is considered curvillinear whenever a straight line is a reasonable approximation for the relation between cost and activity.
3)True
Manufacturing OH cannot be traced to a specific product
4)True
A fixed cost is a cost whose cost per unit varies as the activity level rises and falls.
5)False
The relevant range concept is not applicable to mixed cost
6)True
7)True
8)True
9)False
10)True
11)False
12)False
13)False
True or False 1. A fixed cost is not constant per unit of product. 2. cost...
1. What is a decentralized organization? 2. Describe three advantages of a decentralized organization? 3. Describe three disadvantages of a decentralized organization? 4. Describe the each of the following: a. cost center b. profit center c. investment center. 5. Describe the term Return on Investment ("ROI"). 6. What is the formula to determine ROI? 7. Describe the term Residual Income. 8. Describe and provide the formula for the following Operating Performance Measures: a. Throughput (Manufacturing Cycle) Time b. Delivery Cycle...
One subunit of Field Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements Requirement 1. Complete the performance evaluation report for the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX%) Actual Flexible Flexible Budget % Variance Subunit x Results Budget Variance (For U) (For...
The table shown below contains a variety of performance measures that companies might use as internal business process measures in their balanced scorecards. Each measure is accompanied by a + or − to indicate whether the performance measure should increase or decrease over time. Required: For each measure, place an X in one of the three columns to indicate whether the measure would most likely be adopted by a company pursuing a strategy focused on operational excellence, product leadership, or...
Problem 11-19 Internal Business Process Performance Measures (LO11-3] Tombro Industries is in the process of automating one of its plants and developing a flexible manufacturing system. The company is finding it necessary to make many changes in operating procedures. Progress has been slow, particularly in trying to develop new performance measures for the factory. In an effort to evaluate performance and determine where improvements can be made, management has gathered the following data relating to activities over the last four...
Problem 11-19 Internal Business Process Performance Measures (LO11-3] Tombro Industries is in the process of automating one of its plants and developing a flexible manufacturing system. The company is finding it necessary to make many changes in operating procedures. Progress has been slow, particularly in trying to develop new performance measures for the factory. In an effort to evaluate performance and determine where improvements can be made, management has gathered the following data relating to activities over the last four...
EXERCISE 10-7 Creating a Balanced Scorecard LO10-4 Ariel Tax Services prepares tax returns for individual and corporate clients. As the company has gradually expanded to 10 offices, the founder Max Jacobs has begun to feel as though he is losing control of operations. In response to this concern, he has decided to implement a performance measurement system that will help control current operations and facilitate his plans of expanding to 20 offices. Jacobs describes the keys to the success of...
Problem 11-19 Internal Business Process Performance Measures (LO11-3] Tombro Industries is in the process of automating one of its plants and developing a flexible manufacturing system. The company is finding it necessary to make many changes in operating procedures. Progress has been slow, particularly in trying to develop new performance measures for the factory. In an effort to evaluate performance and determine where improvements can be made, management has gathered the following data relating to activities over the last four...
Problem 11-19 Internal Business Process Performance Measures (LO11-3) Tombro Industries is in the process of automating one of its plants and developing a texible manufacturing system. The company is finding it necessary to make many changes in operating procedures. Progress has been slow, particularly in trying to develop new performance measures for the factory in an effort to evaluate performance and determine where Improvements can be made, management has gathered the following data relating to activities over the last four...
16. One subunit of Zoom Sports Company had the following financial results last month (Click the icon to view the financial results.) Read the requirements 18 Requirement 1. Complete the performance evaluation report for this subunit (round to three decimal places). (Enter a variance for each account and select whether the variance is unfavorable (U) or favorable (F). Enter the results as positive numbers. Enter the variance percents as a percentage to three decimal places, "XX.XXX%".) Zoom Sports Company-Team Sports...
Question 1 (15 marks) 1. Vic Corporation refines petrol and sells it through its own petrol gas stations. On the basis of market research, Vic Corporation determines that 60% of the overall petrol market consists of "service-oriented customers," medium- to high-income individuals who are willing to pay a higher price for gas if the gas stations can provide excellent customer service, such as a clean facility, a convenience store, friendly employees, a quick turnaround, the ability to pay by credit...