Question 1

In 2013, the partial direct labor operational productivity is:

Accepted Answer

A) 0.20. 
B) 0.25. 
C) 0.40. 
D) 4.00. 
E) 5.00. 
A) 0.20. 
B) 0.25. 
C) 0.40. 
D) 4.00. 
E) 5.00.

Question 2

A primary objective in measuring productivity is to improve operations either by using fewer inputs to produce the same output, or to produce:

Accepted Answer

A) More quickly. 
B) More effectively. 
C) With fewer constraints. 
D) More outputs with the same inputs. 
E) More outputs with more inputs. 
A) More quickly. 
B) More effectively. 
C) With fewer constraints. 
D) More outputs with the same inputs. 
E) More outputs with more inputs.

Question 3

Which one of the following is a result of the difference between the actual sales mix and the budgeted sales mix?

Accepted Answer

A) Sales efficiency variance. 
B) Sales quantity variance. 
C) Sales price variance. 
D) Sales mix variance. 
E) Sales volume variance. 
A) Sales efficiency variance. 
B) Sales quantity variance. 
C) Sales price variance. 
D) Sales mix variance. 
E) Sales volume variance.

Question 4

The partial direct labor financial productivity ratio for 2013 is:

Accepted Answer

A) 0.33. 
B) 0.42. 
C) 2.35. 
D) 3.66. 
E) 4.98. 
A) 0.33. 
B) 0.42. 
C) 2.35. 
D) 3.66. 
E) 4.98.

Question 5

What is the firm's market share variance?

Accepted Answer

A) $0. 
B) $560 favorable. 
C) $1,200 favorable. 
D) $1,225 favorable. 
E) $10,500 favorable. 
A) $0. 
B) $560 favorable. 
C) $1,200 favorable. 
D) $1,225 favorable. 
E) $10,500 favorable.

Question 6

The total productivity ratio in 2013 is:

Accepted Answer

A) 0.20. 
B) 0.70. 
C) 1.00. 
D) 1.43. 
E) 5.00. 
A) 0.20. 
B) 0.70. 
C) 1.00. 
D) 1.43. 
E) 5.00.

Question 7

The sales quantity variance for Product X is:

Accepted Answer

A) $4,000 favorable. 
B) $25,000 favorable. 
C) $26,000 favorable. 
D) $45,000 favorable. 
E) $52,000 unfavorablE.Total units: budget = 2,000 + 6,000 = 8,000; actual units = 1,500 + 8,500 = 10,000 
A) $4,000 favorable. 
B) $25,000 favorable. 
C) $26,000 favorable. 
D) $45,000 favorable. 
E) $52,000 unfavorablE.Total units: budget = 2,000 + 6,000 = 8,000; actual units = 1,500 + 8,500 = 10,000

Question 8

The effect of changes in the total industry sales of the firm's product is measured by:

Accepted Answer

A) Market mix variance. 
B) Market share variance. 
C) Market price variance. 
D) Market quantity variance. 
E) Market size variance. 
A) Market mix variance. 
B) Market share variance. 
C) Market price variance. 
D) Market quantity variance. 
E) Market size variance.

Question 9

The selling price variance for November is:

Accepted Answer

A) $15,000 unfavorable. 
B) $18,000 unfavorable. 
C) $20,000 unfavorable. 
D) $30,000 unfavorable. 
E) $65,000 unfavorablE. 
A) $15,000 unfavorable. 
B) $18,000 unfavorable. 
C) $20,000 unfavorable. 
D) $30,000 unfavorable. 
E) $65,000 unfavorablE.

Question 10

The partial direct labor operational productivity ratio for 2013 is:

Accepted Answer

A) 262 per unit. 
B) 169 per unit. 
C) 428 per unit. 
D) 300 per unit. 
E) 333 per unit. 
A) 262 per unit. 
B) 169 per unit. 
C) 428 per unit. 
D) 300 per unit. 
E) 333 per unit.

Question 11

The sales quantity variance for Product Y is:

Accepted Answer

A) $4,000 favorable. 
B) $25,000 favorable. 
C) $26,000 favorable. 
D) $45,000 favorable. 
E) $52,000 unfavorablE.Total units: budget = 2,000 + 6,000 = 8,000; actual units = 1,500 + 8,500 = 10,000 
A) $4,000 favorable. 
B) $25,000 favorable. 
C) $26,000 favorable. 
D) $45,000 favorable. 
E) $52,000 unfavorablE.Total units: budget = 2,000 + 6,000 = 8,000; actual units = 1,500 + 8,500 = 10,000

Question 12

What is MT's contribution margin sales volume variance?

Accepted Answer

A) $800 unfavorable. 
B) $1,040 unfavorable. 
C) $22,960 favorable. 
D) $23,760 favorable. 
E) $24,000 favorablE. 
A) $800 unfavorable. 
B) $1,040 unfavorable. 
C) $22,960 favorable. 
D) $23,760 favorable. 
E) $24,000 favorablE.

Question 13

The sales mix variance for a firm is ultimately expressed in terms of:

Accepted Answer

A) Units. 
B) Ratios. 
C) Percentages. 
D) Mixes. 
E) Dollars. 
A) Units. 
B) Ratios. 
C) Percentages. 
D) Mixes. 
E) Dollars.

Question 14

Which of the following is not an element of a product's sales quantity variance?

Accepted Answer

A) Budgeted sales mix ratio for the product. 
B) Budgeted contribution margin per unit of the product. 
C) Difference in total units of all products between the actual units sold and the units budgeted to be sold. 
D) Actual sales mix ratio. 
A) Budgeted sales mix ratio for the product. 
B) Budgeted contribution margin per unit of the product. 
C) Difference in total units of all products between the actual units sold and the units budgeted to be sold. 
D) Actual sales mix ratio.

Question 15

What is the sales mix variance for Spiders?

Accepted Answer

A) $1,125 favorable. 
B) $1,500 favorable. 
C) $1,650 unfavorable. 
D) $4,800 favorable. 
E) $4,800 unfavorable. 
A) $1,125 favorable. 
B) $1,500 favorable. 
C) $1,650 unfavorable. 
D) $4,800 favorable. 
E) $4,800 unfavorable.

Question 16

Darwin, Inc. provided the following information (round calculations to two significant digits):   What is the actual partial productivity ratio?

Accepted Answer

A) 0.97 unit per gallon. 
B) 1.00 units per gallon. 
C) 1.02 units per gallon. 
D) 1.06 units per gallon. 
E) 1.12 units per gallon. 
A) 0.97 unit per gallon. 
B) 1.00 units per gallon. 
C) 1.02 units per gallon. 
D) 1.06 units per gallon. 
E) 1.12 units per gallon.

Question 17

Which one of the following uses the number of units of an input factor in its assessment of productivity?

Accepted Answer

A) Partial financial productivity. 
B) Total productivity. 
C) Operational productivity. 
D) Partial productivity. 
A) Partial financial productivity. 
B) Total productivity. 
C) Operational productivity. 
D) Partial productivity.

Question 18

Total sales quantity variance is:

Accepted Answer

A) $36,400 favorable. 
B) $84,500 favorable. 
C) $95,190 favorable. 
D) $97,280 favorable. 
E) $107,920 favorabl. 
A) $36,400 favorable. 
B) $84,500 favorable. 
C) $95,190 favorable. 
D) $97,280 favorable. 
E) $107,920 favorabl.

Question 19

Which of the following is not a key determinant of productivity for most organizations?

Accepted Answer

A) Control of waste. 
B) Product and manufacturing process innovation. 
C) Control of overhead costs. 
D) Fluctuations in demand. 
A) Control of waste. 
B) Product and manufacturing process innovation. 
C) Control of overhead costs. 
D) Fluctuations in demand.

Question 20

The total sales quantity variance for both products is:

Accepted Answer

A) $160,000 favorable. 
B) $144,000 unfavorable. 
C) $150,000 favorable. 
D) $110,000 unfavorable. 
E) $254,000 unfavorablE.For Product X. 
A) $160,000 favorable. 
B) $144,000 unfavorable. 
C) $150,000 favorable. 
D) $110,000 unfavorable. 
E) $254,000 unfavorablE.For Product X.

In 2013, the partial direct labor operational productivity is:

A primary objective in measuring productivity is to improve operations either by using fewer inputs to produce the same output, or to produce:

Which one of the following is a result of the difference between the actual sales mix and the budgeted sales mix?

The partial direct labor financial productivity ratio for 2013 is:

What is the firm's market share variance?

The total productivity ratio in 2013 is:

The sales quantity variance for Product X is:

The effect of changes in the total industry sales of the firm's product is measured by:

The selling price variance for November is:

The partial direct labor operational productivity ratio for 2013 is:

The sales quantity variance for Product Y is:

What is MT's contribution margin sales volume variance?

The sales mix variance for a firm is ultimately expressed in terms of:

Which of the following is not an element of a product's sales quantity variance?

What is the sales mix variance for Spiders?

Darwin, Inc. provided the following information (round calculations to two significant digits): What is the actual partial productivity ratio?

Which one of the following uses the number of units of an input factor in its assessment of productivity?

Total sales quantity variance is:

Which of the following is not a key determinant of productivity for most organizations?

The total sales quantity variance for both products is:

Cost Management and Strategy

Implementing Strategy: the Value Chain, the Balanced Scorecard, and the Strategy Map

Basic Cost Management Concepts

Job Costing

Activity-Based Costing and Customer Profitability Analysis

Process Costing

Cost Allocation: Departments, Joint Products, and By-Products

Cost Estimation

Short-Term Profit Planning: Cost-Volume-Profit Cvp Analysis

Strategy and the Master Budget

Decision Making With a Strategic Emphasis

Strategy and the Analysis of Capital Investments

Cost Planning for the Product Life Cycle: Target Costing, Theory of Constraints, and Strategic Pricing

Operational Performance Measurement: Sales, Direct-Cost Variances, and the Role of Nonfinancial Performance Measures

Operational Performance Measurement: Indirect-Cost Variances and Resource-Capacity Management

The Management and Control of Quality

Strategic Performance Measurement: Cost Centers, Profit Centers, and the Balanced Scorecard

Strategic Performance Measurement: Investment Centers and Transfer Pricing

Management Compensation, Business Analysis, and Business Valuation

Filters

Exam 16: Operational Performance Measurement: Further Analysis of Productivity and Sales

In 2013, the partial direct labor operational productivity is:

A primary objective in measuring productivity is to improve operations either by using fewer inputs to produce the same output, or to produce:

Which one of the following is a result of the difference between the actual sales mix and the budgeted sales mix?

The partial direct labor financial productivity ratio for 2013 is:

What is the firm's market share variance?

The total productivity ratio in 2013 is:

The sales quantity variance for Product X is:

The effect of changes in the total industry sales of the firm's product is measured by:

The selling price variance for November is:

The partial direct labor operational productivity ratio for 2013 is:

The sales quantity variance for Product Y is:

What is MT's contribution margin sales volume variance?

The sales mix variance for a firm is ultimately expressed in terms of:

Which of the following is not an element of a product's sales quantity variance?

What is the sales mix variance for Spiders?

Darwin, Inc. provided the following information (round calculations to two significant digits): What is the actual partial productivity ratio?

Which one of the following uses the number of units of an input factor in its assessment of productivity?

Total sales quantity variance is:

Which of the following is not a key determinant of productivity for most organizations?

The total sales quantity variance for both products is:

Cost Management and Strategy

Implementing Strategy: the Value Chain, the Balanced Scorecard, and the Strategy Map

Basic Cost Management Concepts

Job Costing

Activity-Based Costing and Customer Profitability Analysis

Process Costing

Cost Allocation: Departments, Joint Products, and By-Products

Cost Estimation

Short-Term Profit Planning: Cost-Volume-Profit Cvp Analysis

Strategy and the Master Budget

Decision Making With a Strategic Emphasis

Strategy and the Analysis of Capital Investments

Cost Planning for the Product Life Cycle: Target Costing, Theory of Constraints, and Strategic Pricing

Operational Performance Measurement: Sales, Direct-Cost Variances, and the Role of Nonfinancial Performance Measures

Operational Performance Measurement: Indirect-Cost Variances and Resource-Capacity Management

The Management and Control of Quality

Strategic Performance Measurement: Cost Centers, Profit Centers, and the Balanced Scorecard

Strategic Performance Measurement: Investment Centers and Transfer Pricing

Management Compensation, Business Analysis, and Business Valuation

Filters