Question 1

What is MT's sales mix variance?

Accepted Answer

A) $800 unfavorable. 
B) $9,600 unfavorable. 
C) $10,800 unfavorable. 
D) $12,480 unfavorable. 
E) $14,040 unfavorablE. 
A) $800 unfavorable. 
B) $9,600 unfavorable. 
C) $10,800 unfavorable. 
D) $12,480 unfavorable. 
E) $14,040 unfavorablE.

Question 2

The weighted-average budgeted contribution margin per unit is:

Accepted Answer

A) $8.90. 
B) $8.95. 
C) $10.18. 
D) $11.36. 
E) $11.94. 
A) $8.90. 
B) $8.95. 
C) $10.18. 
D) $11.36. 
E) $11.94.

Question 3

Paquindo Co. has two products: X and Y. The firm had the following budget and operating results for the period just ended. The budgeted total industry sales for both products was 324,800 units and the actual industry sales was 350,000.
   Required:
(A) Calculate the contribution margin sales volume variance for Product X.
(B) Calculate the contribution margin sales volume variance for Product Y.
(C) Calculate the sales mix variance for Product X.
(D) Calculate the sales quantity variance for Product X.
(E) Calculate the sales mix variance for Product Y.
(F) Calculate the sales quantity variance for Product Y.
(G) Calculate the market share variance for both products.
(H) Calculate the market size variance for both products.

Accepted Answer

Answer may vary
Feed

Question 4

Which of the following is a total productivity measure?

Accepted Answer

A) Units of output per dollar value of input. 
B) Units of output per units of materials. 
C) Units of output per labor hour. 
D) Units of output per machine hour. 
A) Units of output per dollar value of input. 
B) Units of output per units of materials. 
C) Units of output per labor hour. 
D) Units of output per machine hour.

Question 5

The selling price variance for Product Y is:

Accepted Answer

A) $90,000 favorable. 
B) $43,200 unfavorable. 
C) $90,000 unfavorable. 
D) $35,000 favorable. 
E) $50,000 unfavorablE.Actual price: $540,000/9,000 = $60 
A) $90,000 favorable. 
B) $43,200 unfavorable. 
C) $90,000 unfavorable. 
D) $35,000 favorable. 
E) $50,000 unfavorablE.Actual price: $540,000/9,000 = $60

Question 6

What is CD's contribution margin sales volume variance?

Accepted Answer

A) $500 favorable. 
B) $2,500favorable. 
C) $5,500favorable. 
D) $12,500 favorable. 
E) $25,000 favorable. 
A) $500 favorable. 
B) $2,500favorable. 
C) $5,500favorable. 
D) $12,500 favorable. 
E) $25,000 favorable.

Question 7

Dr. Howard Abelson is the director of the Wellness House, a residential center for recovering alcoholics. A typical patient spends 3-4 weeks in an intensive program of rehabilitation. The Wellness House has a staff of 45, including 12 certified therapists, to serve an average patient load of 15. Howard Abelson is attempting to develop some productivity measures for the center, but is not aware of the limitations of productivity measurement in not-for-profit organizations. You have been called in as a consultant to help develop appropriate productivity measures.
Required:
(a) Identify any major differences/limitations you face in developing performance measures for the Wellness House.
(b) Recommend two or three overall measures of productivity that are appropriate for the Wellness House as a not-for-profit organization.

Accepted Answer

Answer may vary
Feedback:
(a) Many of th

Question 8

In 2012, the partial financial productivity of Material H is:

Accepted Answer

A) 0.20. 
B) 0.50. 
C) 2.00. 
D) 5.00. 
E) 6.00. 
A) 0.20. 
B) 0.50. 
C) 2.00. 
D) 5.00. 
E) 6.00.

Question 9

The partial direct labor financial productivity ratio for 2012 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 10

Julie Hilger started New Treads to combine fashion and sustainability. The original production of sandals made from recycled plastic has expanded to a complete line of casual footwear. Current sales total over $2 million. Julie hired the firm's first controller early this year, and has asked him to detail suggestions for ways to increase profits. Adrian Warring, the new controller, has compiled a list of recommended changes that focus on quality improvements. New Treads customers expect high quality at a low price, a "value" product. So the company must simultaneously watch costs and quality. After receiving his list of suggestions, Julie calls Adrian to her office and says, "I don't see how improving quality can increase productivity. In fact, it seems to me that efforts to improve quality will slow down production and decrease productivity."
Required:
Using specific examples, help Adrian explain to Julie why efforts to improve quality can also boost productivity. How does productivity play a role in the firm's strategy and competitive environment?

Accepted Answer

Answer may vary
Feedback: Quality improv

Question 11

A measure of productivity can be either:

Accepted Answer

A) Operational or financial. 
B) Total or segmented. 
C) Short-term or long-term. 
D) Activity-based or TOC based. 
A) Operational or financial. 
B) Total or segmented. 
C) Short-term or long-term. 
D) Activity-based or TOC based.

Question 12

What is MT's sales quantity variance?

Accepted Answer

A) $800 unfavorable. 
B) $8,800 favorable. 
C) $10,000 favorable. 
D) $11,440 favorable. 
E) $13,600 favorablE. 
A) $800 unfavorable. 
B) $8,800 favorable. 
C) $10,000 favorable. 
D) $11,440 favorable. 
E) $13,600 favorablE.

Question 13

The partial operational productivity ratio of DTV-12 in 2012 is:

Accepted Answer

A) 0.63 per unit. 
B) 0.73 per unit. 
C) 1.92 per unit. 
D) 3.00 per unit. 
E) 3.33 per unit. 
A) 0.63 per unit. 
B) 0.73 per unit. 
C) 1.92 per unit. 
D) 3.00 per unit. 
E) 3.33 per unit.

Question 14

A partial operational productivity measure:

Accepted Answer

A) Uses physical units in both the numerator and denominator. 
B) Is harder to understand than a partial financial productivity measure. 
C) Is affected by price changes and other factors. 
D) Is a comprehensive productivity measure. 
E) Has the advantage of considering the effects of both speed and quantity of a resources input on productivity. 
A) Uses physical units in both the numerator and denominator. 
B) Is harder to understand than a partial financial productivity measure. 
C) Is affected by price changes and other factors. 
D) Is a comprehensive productivity measure. 
E) Has the advantage of considering the effects of both speed and quantity of a resources input on productivity.

Question 15

The contribution margin sales volume variance for Product Y is:

Accepted Answer

A) $20,500 favorable. 
B) $16,000 unfavorable. 
C) $30,600 favorable. 
D) $40,600 unfavorable. 
E) $91,000 unfavorablE.Budgeted units: $520,000/$50 = 10,400 
A) $20,500 favorable. 
B) $16,000 unfavorable. 
C) $30,600 favorable. 
D) $40,600 unfavorable. 
E) $91,000 unfavorablE.Budgeted units: $520,000/$50 = 10,400

Question 16

Productivity can be thought of as:

Accepted Answer

A) The relationship between what is produced and the capacity to produce. 
B) Doing more with less. 
C) The ratio of output to input. 
D) Throughput margin divided by output. 
A) The relationship between what is produced and the capacity to produce. 
B) Doing more with less. 
C) The ratio of output to input. 
D) Throughput margin divided by output.

Question 17

The firm's market share variance for the period is:

Accepted Answer

A) $5,670 unfavorable. 
B) $30,600 unfavorable. 
C) $23,200 favorable. 
D) $61,200 favorable. 
E) $91,000 favorablE.Market share: budget = 13,00/130,000 = 10%; actual: 12,000/100,000 = 12% 
A) $5,670 unfavorable. 
B) $30,600 unfavorable. 
C) $23,200 favorable. 
D) $61,200 favorable. 
E) $91,000 favorablE.Market share: budget = 13,00/130,000 = 10%; actual: 12,000/100,000 = 12%

Question 18

What is the company's market size variance?

Accepted Answer

A) $1,200 unfavorable. 
B) $2,100 unfavorable. 
C) $2,231 unfavorable. 
D) $2,400 unfavorable. 
E) $2,550 unfavorablE. 
A) $1,200 unfavorable. 
B) $2,100 unfavorable. 
C) $2,231 unfavorable. 
D) $2,400 unfavorable. 
E) $2,550 unfavorablE.

Question 19

What is the total contribution margin sales volume variance?

Accepted Answer

A) $0. 
B) $1,000 favorable. 
C) $1,000 unfavorable. 
D) $4,000 favorable. 
E) $5,000 unfavorablE. 
A) $0. 
B) $1,000 favorable. 
C) $1,000 unfavorable. 
D) $4,000 favorable. 
E) $5,000 unfavorablE.

Question 20

The total contribution margin sales volume variance of the period is:

Accepted Answer

A) $5,800 favorable. 
B) $36,400 unfavorable. 
C) $48,000 unfavorable. 
D) $63,950 unfavorable. 
E) $107,920 favorablE.[(42,000 - 22,500) x $4.8] + [(80,000 - 90,000) x $13] = $36,400 unfavorable 
A) $5,800 favorable. 
B) $36,400 unfavorable. 
C) $48,000 unfavorable. 
D) $63,950 unfavorable. 
E) $107,920 favorablE.[(42,000 - 22,500) x $4.8] + [(80,000 - 90,000) x $13] = $36,400 unfavorable

What is MT's sales mix variance?

The weighted-average budgeted contribution margin per unit is:

Which of the following is a total productivity measure?

The selling price variance for Product Y is:

What is CD's contribution margin sales volume variance?

In 2012, the partial financial productivity of Material H is:

The partial direct labor financial productivity ratio for 2012 is:

A measure of productivity can be either:

What is MT's sales quantity variance?

The partial operational productivity ratio of DTV-12 in 2012 is:

A partial operational productivity measure:

The contribution margin sales volume variance for Product Y is:

Productivity can be thought of as:

The firm's market share variance for the period is:

What is the company's market size variance?

What is the total contribution margin sales volume variance?

The total contribution margin sales volume variance of the period 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

What is MT's sales mix variance?

The weighted-average budgeted contribution margin per unit is:

Which of the following is a total productivity measure?

The selling price variance for Product Y is:

What is CD's contribution margin sales volume variance?

In 2012, the partial financial productivity of Material H is:

The partial direct labor financial productivity ratio for 2012 is:

A measure of productivity can be either:

What is MT's sales quantity variance?

The partial operational productivity ratio of DTV-12 in 2012 is:

A partial operational productivity measure:

The contribution margin sales volume variance for Product Y is:

Productivity can be thought of as:

The firm's market share variance for the period is:

What is the company's market size variance?

What is the total contribution margin sales volume variance?

The total contribution margin sales volume variance of the period 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