Groucho Corporation and Harpo Company are movie companies.Comparative data for 20X4 and 20X5 are given below. $\begin{array}{lrrr}&&\text { Groucho } & \text { Harpo } \\ &&\text { Corporation } & \text { Company }\\\hline \text { Sales revenue } & 20 \mathrm{X} 4 & \$ 8,400,000 & \$ 4,400,000 \\ & 20 \mathrm{X} 5 & 9,900,000 & 6,175,000 \\ & & & \\ \text { Number of employees } & 20 \mathrm{X} 4 & 8,000 & 5,500 \\ & 20 \mathrm{X} 5 & 10,000 & 6,500 \end{array}$ Assume that each 20X4 dollar is equivalent to 1.75 of the 20X5 dollars, due to inflation._____ is Groucho Corporation's 20X5 productivity measure in terms of revenue per employee.

A) $1,925.00 B) $1,050.00 C) $990.00 D) $950.00 A) $1,925.00 B) $1,050.00 C) $990.00 D) $950.00

Groucho Corporation and Harpo Company are movie companies.Comparative data for 20X4 and 20X5 are given below. $\begin{array}{lrrr}&&\text { Groucho } & \text { Harpo } \\ &&\text { Corporation } & \text { Company }\\\hline \text { Sales revenue } & 20 \mathrm{X} 4 & \$ 8,400,000 & \$ 4,400,000 \\ & 20 \mathrm{X} 5 & 9,600,000 & 6,200,000 \\ & & & \\ \text { Number of employees } & 20 \mathrm{X} 4 & 8,000 & 5,500 \\ & 20 \mathrm{X} 5 & 9,000 & 10,000 \end{array}$ Assume that each 20X4 dollar is equivalent to 1.50 of the 20X5 dollars, due to inflation._____ is Harpo Company's 20X5 productivity measure in terms of revenue per employee.

A) $1,200.00 B) $620.00 C) $1,328.57 D) $800.00 A) $1,200.00 B) $620.00 C) $1,328.57 D) $800.00

Smile Company had the following results: \[\begin{array} { l r } \text { Rolls of film processed } & 360,000 \\ \text { Sales revenue } & \$ 1,170,000 \\ \text { Direct-labor hours worked } & 4,580 \\ \text { Direct-labor cost } & \$ 50,000 \end{array}\] If productivity is computed using financial measures, productivity is _____.

A) $3.25 per roll B) $255.46 per labor hour C) 2340% of labor cost D) 78.6 rolls per hour A) $3.25 per roll B) $255.46 per labor hour C) 2340% of labor cost D) 78.6 rolls per hour

The following information pertains to the South Territory of Bama Company: $\begin{array}{lr} \text { Net Sales } & \$ 5,000 \\ \text { Variable costs: } & \\ \text { Cost of merchandise sold } & 1,200 \\ \text { Operating expenses } & 450 \\ \text { Fixed costs: } & \\ \text { Controllable by segment manager } & 600 \\ \text { Controllable by others } & 250 \\ \text { Unallocated costs } & 750 \end{array}$ The contribution by segment is _____.

A) $2,500 B) $2,750 C) $2,350 D) $3,350 A) $2,500 B) $2,750 C) $2,350 D) $3,350

Exam 9: Management Control Systems and Responsibility Accounting

Groucho Corporation and Harpo Company are movie companies.Comparative data for 20X4 and 20X5 are given below. Groucho Harpo Corporation Company Sales revenue 204 \ 8,400,000 \ 4,400,000 205 9,900,000 6,175,000 Number of employees 204 8,000 5,500 205 10,000 6,500 Assume that each 20X4 dollar is equivalent to 1.75 of the 20X5 dollars, due to inflation._____ is Groucho Corporation's 20X5 productivity measure in terms of revenue per employee.

(Multiple Choice)

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Question 61

The purpose of a quality-control chart is _____.

(Multiple Choice)

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Question 62

Describe a balanced scorecard, explain its advantages, and elaborate on key performance indicators.

(Essay)

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Question 63

Critical failure factors are actions that must be done well to drive the organization towards its goal.

(True/False)

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Question 64

The drive for some selected goal that creates effort and action toward that goal

(Short Answer)

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Question 65

Groucho Corporation and Harpo Company are movie companies.Comparative data for 20X4 and 20X5 are given below. Groucho Harpo Corporation Company Sales revenue 204 \ 8,400,000 \ 4,400,000 205 9,600,000 6,200,000 Number of employees 204 8,000 5,500 205 9,000 10,000 Assume that each 20X4 dollar is equivalent to 1.50 of the 20X5 dollars, due to inflation._____ is Harpo Company's 20X5 productivity measure in terms of revenue per employee.

(Multiple Choice)

4.9/5

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Question 66

Smile Company had the following results: Rolls of film processed 360,000 Sales revenue \ 1,170,000 Direct-labor hours worked 4,580 Direct-labor cost \ 50,000 If productivity is computed using financial measures, productivity is _____.

(Multiple Choice)

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Question 67

Productivity is a measure of inputs divided by outputs.

(True/False)

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Question 68

The effort to ensure that products and services perform to customer requirements

(Short Answer)

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Question 69

Good performance measures will be all of the following except _____.

(Multiple Choice)

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Question 70

Profit centers are responsible for _____.

(Multiple Choice)

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Question 71

Financial measures often are lagging indicators that arrive too late to help prevent problems.

(True/False)

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Question 72

An) _____ center is the responsibility center whose success is measured not only by its income, but also by relating that income to its invested capital.

(Multiple Choice)

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Question 73

Identify which of the following is not a characteristic of a management control system.

(Multiple Choice)

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Question 74

The following information pertains to the South Territory of Bama Company: Net Sales \ 5,000 Variable costs: Cost of merchandise sold 1,200 Operating expenses 450 Fixed costs: Controllable by segment manager 600 Controllable by others 250 Unallocated costs 750 The contribution by segment is _____.

(Multiple Choice)

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Question 75

The statistical plot of measures of various products dimensions or attributes

(Short Answer)

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Question 76

Some management experts have said that the only sustainable competitive advantage is the rate at which a company's managers learn.

(True/False)

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Question 77

Total quality management _____.

(Multiple Choice)

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Question 78

A balanced scorecard is used by for-profit companies, nonprofit organizations, and governmental agencies.

(True/False)

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Question 79

The entire organization may be a responsibility center for the president.

(True/False)

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Question 80

The purpose of a quality-control chart is _____.

Describe a balanced scorecard, explain its advantages, and elaborate on key performance indicators.

Critical failure factors are actions that must be done well to drive the organization towards its goal.

The drive for some selected goal that creates effort and action toward that goal

Smile Company had the following results: Rolls of film processed 360,000 Sales revenue \ 1,170,000 Direct-labor hours worked 4,580 Direct-labor cost \ 50,000 If productivity is computed using financial measures, productivity is _____.

Productivity is a measure of inputs divided by outputs.

The effort to ensure that products and services perform to customer requirements

Good performance measures will be all of the following except _____.

Profit centers are responsible for _____.

Financial measures often are lagging indicators that arrive too late to help prevent problems.

An) _____ center is the responsibility center whose success is measured not only by its income, but also by relating that income to its invested capital.

Identify which of the following is not a characteristic of a management control system.

The following information pertains to the South Territory of Bama Company: Net Sales \ 5,000 Variable costs: Cost of merchandise sold 1,200 Operating expenses 450 Fixed costs: Controllable by segment manager 600 Controllable by others 250 Unallocated costs 750 The contribution by segment is _____.

The statistical plot of measures of various products dimensions or attributes

Some management experts have said that the only sustainable competitive advantage is the rate at which a company's managers learn.

Total quality management _____.

A balanced scorecard is used by for-profit companies, nonprofit organizations, and governmental agencies.

The entire organization may be a responsibility center for the president.

Managerial Accounting, the Business Organization, and Professional Ethics

Introduction to Cost Behavior and Cost-Volume Relationships

Measurement of Cost Behavior

Cost Management Systems and an Introduction to Activity-Based Costing

Relevant Information and Decision Making With a Focus on Pricing Decisions

Relevant Information and Decision Making: Operational Decisions

Introduction to Budgets and Preparing the Master Budget

Flexible Budgets and Variance Analysis

Management Control in Decentralized Organizations

Capital Budgeting

Cost Allocation

Accounting for Overhead Costs

Job-Costing and Process-Costing Systems

Basic Accounting: Concepts, Techniques, and Conventions

Understanding Corporate Annual Reports: Basic Financial Statements

Understanding and Analyzing Consolidated Financial Statements

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