Question 1

The Berdle Mining Co has the following information for last year The partial productivity for labor is

Accepted Answer

A) 1.120 
B) 0.071 
C) 14.06 
D) 112.00 
A) 1.120 
B) 0.071 
C) 14.06 
D) 112.00

Question 2

The Baxter Milling Co has the following information for last year The partial productivity for materials is

Accepted Answer

A) 0.131 
B) 0.191 
C) 0.686 
D) 5.236 
A) 0.131 
B) 0.191 
C) 0.686 
D) 5.236

Question 3

One of the important guidelines of benchmarking is to not benchmark everything at the best-in-the-business level; no organization can be the best at everything.

Accepted Answer

A) True 
 B)False

Question 4

Scottso Enterprises has provided the following information for last year: The total factor productivity measure is:

Accepted Answer

A) 1.003 
B) 1.134 
C) 0.882 
D) 0.362 
A) 1.003 
B) 1.134 
C) 0.882 
D) 0.362

Question 5

Which of the following items is not part of the continuous improvement philosophy?

Accepted Answer

A) Eliminate activities that are nonvalue-added. 
B) Improve the efficiency of activities that are value-added. 
C) Use benchmarking to identify activities that need improvement. 
D) Provide bonus incentives to managers for accurate performance reports. 
A) Eliminate activities that are nonvalue-added. 
B) Improve the efficiency of activities that are value-added. 
C) Use benchmarking to identify activities that need improvement. 
D) Provide bonus incentives to managers for accurate performance reports.

Question 6

Homer Co.has provided the following information for last year: The total overhead cost (rounded)is:

Accepted Answer

A) $172,200 
B) $109,989 
C) $140,000 
D) $200,000 
A) $172,200 
B) $109,989 
C) $140,000 
D) $200,000

Question 7

A description of an organization's values,definition of its responsibilities to stakeholders,and identification of its major strategies is called its

Accepted Answer

A) business-level strategy. 
B) mission statement. 
C) performance objectives. 
D) master budget. 
A) business-level strategy. 
B) mission statement. 
C) performance objectives. 
D) master budget.

Question 8

Which of the following balanced scorecard perspectives focuses on employee development?

Accepted Answer

A) Financial 
B) Customer 
C) Internal Business Process 
D) Learning and growth 
A) Financial 
B) Customer 
C) Internal Business Process 
D) Learning and growth

Question 9

Benchmarks are used to evaluate the performance of an activity or operation relative to other organizations or other parts of one's own organization.Which of the following is not a guideline for using benchmarks to evaluate performance?

Accepted Answer

A) Benchmarks should only be used for nonfinancial measures. 
B) Do not benchmark everything at the best-in-the-business level. 
C) Benchmark only best-in-the-business activities that are important. 
D) Use internal benchmarks for less important activities or operations. 
A) Benchmarks should only be used for nonfinancial measures. 
B) Do not benchmark everything at the best-in-the-business level. 
C) Benchmark only best-in-the-business activities that are important. 
D) Use internal benchmarks for less important activities or operations.

Question 10

Matisse Co.has provided the following information for last year: The selling price of the product (rounded)is:

Accepted Answer

A) $45.01 
B) $33.80 
C) $39.00 
D) $28.13 
A) $45.01 
B) $33.80 
C) $39.00 
D) $28.13

Question 11

The Lutsen Machining Co has the following information for last year The partial productivity for metal is

Accepted Answer

A) 2.800 
B) 1.400 
C) 0.714 
D) 0.526 
A) 2.800 
B) 1.400 
C) 0.714 
D) 0.526

Question 12

Which of the following statements is (are)true regarding financial measures? (A)One disadvantage of using financial measures to evaluate performance is that they are typically reported on a monthly,quarterly,or annual basis.
(B)One reason financial measures are used to evaluate performance is that they are easily quantifiable.

Accepted Answer

A) Only A is true. 
B) Only B is true. 
C) Both A and B are true. 
D) Neither A nor B is true. 
A) Only A is true. 
B) Only B is true. 
C) Both A and B are true. 
D) Neither A nor B is true.

Question 13

Which of the following balanced scorecard perspectives focuses on quality and process improvement?

Accepted Answer

A) Financial 
B) Customer 
C) Internal Business Process 
D) Learning and growth 
A) Financial 
B) Customer 
C) Internal Business Process 
D) Learning and growth

Question 14

Toimi Toolworks Co.has provided the following information for last year: The total factor productivity measure is:

Accepted Answer

A) 1.231 
B) 1.600 
C) 2.167 
D) 3.250 
A) 1.231 
B) 1.600 
C) 2.167 
D) 3.250

Question 15

Partial productivity

Accepted Answer

A) is a ratio of the value of output to the value of all key inputs. 
B) is the same thing as the production volume variance. 
C) focuses on an individual input. 
D) includes materials and labor but not overhead. 
A) is a ratio of the value of output to the value of all key inputs. 
B) is the same thing as the production volume variance. 
C) focuses on an individual input. 
D) includes materials and labor but not overhead.

Question 16

One of the results in using balanced scorecards is a shift from a focus on financial results to a focus on

Accepted Answer

A) maximizing market share. 
B) minimizing budgetary slack. 
C) eliminating fraudulent behavior. 
D) increasing customer satisfaction. 
A) maximizing market share. 
B) minimizing budgetary slack. 
C) eliminating fraudulent behavior. 
D) increasing customer satisfaction.

Question 17

Which of the following is a total factor productivity measure?

Accepted Answer

A) tons output/tons of material used 
B) units produced/machine hour 
C) sales value/total cost 
D) gallons output/direct labor hour 
A) tons output/tons of material used 
B) units produced/machine hour 
C) sales value/total cost 
D) gallons output/direct labor hour

Question 18

The QRT Company collected the following information (in days): What is the manufacturing cycle efficiency?

Accepted Answer

A) 87.5% 
B) 82.4% 
C) 70.9% 
D) 17.6% 
A) 87.5% 
B) 82.4% 
C) 70.9% 
D) 17.6%

Question 19

Employee involvement in setting performance objectives is likely to increase the employee's commitment to the organization.

Accepted Answer

A) True 
 B)False

Question 20

A subjective performance measure is one where

Accepted Answer

A) different people will agree as to the appropriateness of a measure. 
B) different people will agree as to the method to calculate the measure. 
C) different managers will calculate a measure the same. 
D) different managers will view the facts and come to different conclusion. 
A) different people will agree as to the appropriateness of a measure. 
B) different people will agree as to the method to calculate the measure. 
C) different managers will calculate a measure the same. 
D) different managers will view the facts and come to different conclusion.

The Berdle Mining Co has the following information for last year The partial productivity for labor is

The Baxter Milling Co has the following information for last year The partial productivity for materials is

One of the important guidelines of benchmarking is to not benchmark everything at the best-in-the-business level; no organization can be the best at everything.

Scottso Enterprises has provided the following information for last year: The total factor productivity measure is:

Which of the following items is not part of the continuous improvement philosophy?

Homer Co.has provided the following information for last year: The total overhead cost (rounded)is:

A description of an organization's values,definition of its responsibilities to stakeholders,and identification of its major strategies is called its

Which of the following balanced scorecard perspectives focuses on employee development?

Benchmarks are used to evaluate the performance of an activity or operation relative to other organizations or other parts of one's own organization.Which of the following is not a guideline for using benchmarks to evaluate performance?

Matisse Co.has provided the following information for last year: The selling price of the product (rounded)is:

The Lutsen Machining Co has the following information for last year The partial productivity for metal is

Which of the following balanced scorecard perspectives focuses on quality and process improvement?

Toimi Toolworks Co.has provided the following information for last year: The total factor productivity measure is:

Partial productivity

One of the results in using balanced scorecards is a shift from a focus on financial results to a focus on

Which of the following is a total factor productivity measure?

The QRT Company collected the following information (in days): What is the manufacturing cycle efficiency?

Employee involvement in setting performance objectives is likely to increase the employee's commitment to the organization.

A subjective performance measure is one where

Cost Accounting: Information for Decision Making

Fundamentals of Cost-Volume-Profit Analysis

Fundamentals of Cost Analysis for Decision Making

Cost Estimation

Fundamentals of Product and Service Costing

Job Costing

Process Costing

Activity-Based Costing

Service Department and Joint Cost Allocation

Fundamentals of Management Control Systems

Planning and Budgeting

Business Unit Performance Measurement

Transfer Pricing

Fundamentals of Variance Analysis

Additional Topics in Variance Analysis

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Exam 18: Nonfinancial and Multiple Measures of Performance

The Berdle Mining Co has the following information for last year The partial productivity for labor is

The Baxter Milling Co has the following information for last year The partial productivity for materials is

One of the important guidelines of benchmarking is to not benchmark everything at the best-in-the-business level; no organization can be the best at everything.

Scottso Enterprises has provided the following information for last year: The total factor productivity measure is:

Which of the following items is not part of the continuous improvement philosophy?

Homer Co.has provided the following information for last year: The total overhead cost (rounded)is:

A description of an organization's values,definition of its responsibilities to stakeholders,and identification of its major strategies is called its

Which of the following balanced scorecard perspectives focuses on employee development?

Benchmarks are used to evaluate the performance of an activity or operation relative to other organizations or other parts of one's own organization.Which of the following is not a guideline for using benchmarks to evaluate performance?

Matisse Co.has provided the following information for last year: The selling price of the product (rounded)is:

The Lutsen Machining Co has the following information for last year The partial productivity for metal is

Which of the following balanced scorecard perspectives focuses on quality and process improvement?

Toimi Toolworks Co.has provided the following information for last year: The total factor productivity measure is:

Partial productivity

One of the results in using balanced scorecards is a shift from a focus on financial results to a focus on

Which of the following is a total factor productivity measure?

The QRT Company collected the following information (in days): What is the manufacturing cycle efficiency?

Employee involvement in setting performance objectives is likely to increase the employee's commitment to the organization.

A subjective performance measure is one where

Cost Accounting: Information for Decision Making

Fundamentals of Cost-Volume-Profit Analysis

Fundamentals of Cost Analysis for Decision Making

Cost Estimation

Fundamentals of Product and Service Costing

Job Costing

Process Costing

Activity-Based Costing

Service Department and Joint Cost Allocation

Fundamentals of Management Control Systems

Planning and Budgeting

Business Unit Performance Measurement

Transfer Pricing

Fundamentals of Variance Analysis

Additional Topics in Variance Analysis

Filters