Question 1

What is the firm's market share variance?

Accepted Answer

A) $10,800 favorable. 
B) $11,200 favorable. 
C) $12,4000 favorable. 
D) $12,600 favorable. 
E) $13,200 favorablE 
A) $10,800 favorable. 
B) $11,200 favorable. 
C) $12,4000 favorable. 
D) $12,600 favorable. 
E) $13,200 favorablE

Question 2

The sales quantity variance that would complement the variance calculated in the previous question is:

Accepted Answer

A) $480 favorable. 
B) $507 favorable. 
C) $560 favorable. 
D) $960 favorable. 
E) $1,040 favorablE. 
A) $480 favorable. 
B) $507 favorable. 
C) $560 favorable. 
D) $960 favorable. 
E) $1,040 favorablE.

Question 3

The partial operational productivity of Material H in 2012 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 4

The contribution margin sales volume variance for Product X is:

Accepted Answer

A) $6,600 unfavorable. 
B) $8,300 favorable. 
C) $12,200 favorable. 
D) $12,200 unfavorable. 
E) $14,800 favorablE.Budgeted units: $286,000/$110 = 2,600 
A) $6,600 unfavorable. 
B) $8,300 favorable. 
C) $12,200 favorable. 
D) $12,200 unfavorable. 
E) $14,800 favorablE.Budgeted units: $286,000/$110 = 2,600

Question 5

The experience of many firms is that improvements in quality:

Accepted Answer

A) Decrease productivity. 
B) Have no significant effect on productivity. 
C) First increase, and then decrease productivity. 
D) Increase productivity. 
E) Restrict productivity improvements. 
A) Decrease productivity. 
B) Have no significant effect on productivity. 
C) First increase, and then decrease productivity. 
D) Increase productivity. 
E) Restrict productivity improvements.

Question 6

Which one of the following is the result of the [(units sold) x (actual selling price per unit)] - [(units sold) x (budgeted selling price per unit)]:

Accepted Answer

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

Question 7

What is the firm's market size variance?

Accepted Answer

A) $10,200 unfavorable. 
B) $11,000 unfavorable. 
C) $12,240 unfavorable. 
D) $13,200 unfavorable. 
E) $22,000 unfavorablE 
A) $10,200 unfavorable. 
B) $11,000 unfavorable. 
C) $12,240 unfavorable. 
D) $13,200 unfavorable. 
E) $22,000 unfavorablE

Question 8

What is ET's sales quantity variance?

Accepted Answer

A) $8,000 favorable. 
B) $8,960 favorable. 
C) $12,000 favorable. 
D) $13,440 favorable. 
E) $24,960 favorablE. 
A) $8,000 favorable. 
B) $8,960 favorable. 
C) $12,000 favorable. 
D) $13,440 favorable. 
E) $24,960 favorablE.

Question 9

The sales mix variance for Product X is:

Accepted Answer

A) $22,200 favorable. 
B) $43,600 unfavorable. 
C) $43,600 favorable. 
D) $7,400 unfavorable. 
E) $23,200 unfavorablE.Total units: budget = 13,000; actual units = 12,000 
A) $22,200 favorable. 
B) $43,600 unfavorable. 
C) $43,600 favorable. 
D) $7,400 unfavorable. 
E) $23,200 unfavorablE.Total units: budget = 13,000; actual units = 12,000

Question 10

The sales quantity variance of a firm arises when the:

Accepted Answer

A) Mixes of individual products sold differ from the budgeted mixes to be sold. 
B) Total units of all products sold differ from the budgeted total units to be sold. 
C) Total units of a product sold differ from the budgeted units of the product to be sold. 
D) Number of products sold differs from the budgeted number of products to be sold. 
E) Actual market size differs from the budgeted market size. 
A) Mixes of individual products sold differ from the budgeted mixes to be sold. 
B) Total units of all products sold differ from the budgeted total units to be sold. 
C) Total units of a product sold differ from the budgeted units of the product to be sold. 
D) Number of products sold differs from the budgeted number of products to be sold. 
E) Actual market size differs from the budgeted market size.

Question 11

When the actual sales-mix shifts toward a mix of products with lower contribution margins, there will be negative effects on a firm's:

Accepted Answer

A) Sales mix and sales quantity variances. 
B) Sales quantity and sales volume variances. 
C) Sales volume and market mix variances. 
D) Market mix and sales mix variance. 
E) Sales mix and sales volume variances. 
A) Sales mix and sales quantity variances. 
B) Sales quantity and sales volume variances. 
C) Sales volume and market mix variances. 
D) Market mix and sales mix variance. 
E) Sales mix and sales volume variances.

Question 12

The market share variance is:

Accepted Answer

A) $113,600 unfavorable. 
B) $138,560 unfavorable. 
C) $259,200 unfavorable. 
D) $277,184 unfavorable. 
E) $338,800 unfavorablE. 
A) $113,600 unfavorable. 
B) $138,560 unfavorable. 
C) $259,200 unfavorable. 
D) $277,184 unfavorable. 
E) $338,800 unfavorablE.

Question 13

A firm with a declining market share percentage may still earn a higher operating income if the:

Accepted Answer

A) Market as a whole is also declining. 
B) Market as a whole is stable. 
C) Market as a whole is shifting. 
D) Market as a whole is growing. 
E) Firm reduces operating costs. 
A) Market as a whole is also declining. 
B) Market as a whole is stable. 
C) Market as a whole is shifting. 
D) Market as a whole is growing. 
E) Firm reduces operating costs.

Question 14

What is the firm's total sales mix variance?

Accepted Answer

A) $960 unfavorable. 
B) $2,160 favorable. 
C) $2,520 unfavorable. 
D) $6,880 favorable. 
E) $10,920 favorablE. 
A) $960 unfavorable. 
B) $2,160 favorable. 
C) $2,520 unfavorable. 
D) $6,880 favorable. 
E) $10,920 favorablE.

Question 15

The partial financial productivity ratio of DTV-12 in 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 16

The contribution margin sales volume variance is:

Accepted Answer

A) $200,000 favorable. 
B) $260,000 unfavorable. 
C) $340,000 unfavorable. 
D) $410,000 unfavorable. 
E) $580,000 unfavorablE. 
A) $200,000 favorable. 
B) $260,000 unfavorable. 
C) $340,000 unfavorable. 
D) $410,000 unfavorable. 
E) $580,000 unfavorablE.

Question 17

The market size variance is:

Accepted Answer

A) $218,450 favorable. 
B) $33,750 favorable. 
C) $221,520 favorable. 
D) $385,104 favorable. 
E) $426,000 favorablE. 
A) $218,450 favorable. 
B) $33,750 favorable. 
C) $221,520 favorable. 
D) $385,104 favorable. 
E) $426,000 favorablE.

Question 18

The sales mix variance for Product Y is:

Accepted Answer

A) $14,400 favorable. 
B) $16,250 favorable. 
C) $17,400 unfavorable. 
D) $18,750 favorable. 
E) $33,250 unfavorablE.Total units: budget = 13,000; actual units = 12,000 
A) $14,400 favorable. 
B) $16,250 favorable. 
C) $17,400 unfavorable. 
D) $18,750 favorable. 
E) $33,250 unfavorablE.Total units: budget = 13,000; actual units = 12,000

Question 19

What is the total contribution margin sales volume variance?

Accepted Answer

A) $7,600 favorable. 
B) $8,000 unfavorable. 
C) $15,600 favorable. 
D) $16,560 unfavorable. 
E) $24,160 favorablE. 
A) $7,600 favorable. 
B) $8,000 unfavorable. 
C) $15,600 favorable. 
D) $16,560 unfavorable. 
E) $24,160 favorablE.

Question 20

What additional information would be needed for Folsom to calculate the dollar impact of changes in market share on November's operating income?

Accepted Answer

A) Folsom's budgeted market share and the budgeted total market size. 
B) Folsom's budgeted market share, the budgeted total market size, and average market selling price. 
C) Folsom's budgeted market share and the actual total market size. 
D) Folsom's actual market share and the actual total market size. 
E) There is no information that would make such a calculation possible. 
A) Folsom's budgeted market share and the budgeted total market size. 
B) Folsom's budgeted market share, the budgeted total market size, and average market selling price. 
C) Folsom's budgeted market share and the actual total market size. 
D) Folsom's actual market share and the actual total market size. 
E) There is no information that would make such a calculation possible.

What is the firm's market share variance?

The sales quantity variance that would complement the variance calculated in the previous question is:

The partial operational productivity of Material H in 2012 is:

The contribution margin sales volume variance for Product X is:

The experience of many firms is that improvements in quality:

Which one of the following is the result of the [(units sold) x (actual selling price per unit)] - [(units sold) x (budgeted selling price per unit)]:

What is the firm's market size variance?

What is ET's sales quantity variance?

The sales mix variance for Product X is:

The sales quantity variance of a firm arises when the:

When the actual sales-mix shifts toward a mix of products with lower contribution margins, there will be negative effects on a firm's:

The market share variance is:

A firm with a declining market share percentage may still earn a higher operating income if the:

What is the firm's total sales mix variance?

The partial financial productivity ratio of DTV-12 in 2013 is:

The contribution margin sales volume variance is:

The market size variance is:

The sales mix variance for Product Y is:

What is the total contribution margin sales volume variance?

What additional information would be needed for Folsom to calculate the dollar impact of changes in market share on November's operating income?

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

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

What is the firm's market share variance?

The sales quantity variance that would complement the variance calculated in the previous question is:

The partial operational productivity of Material H in 2012 is:

The contribution margin sales volume variance for Product X is:

The experience of many firms is that improvements in quality:

Which one of the following is the result of the [(units sold) x (actual selling price per unit)] - [(units sold) x (budgeted selling price per unit)]:

What is the firm's market size variance?

What is ET's sales quantity variance?

The sales mix variance for Product X is:

The sales quantity variance of a firm arises when the:

When the actual sales-mix shifts toward a mix of products with lower contribution margins, there will be negative effects on a firm's:

The market share variance is:

A firm with a declining market share percentage may still earn a higher operating income if the:

What is the firm's total sales mix variance?

The partial financial productivity ratio of DTV-12 in 2013 is:

The contribution margin sales volume variance is:

The market size variance is:

The sales mix variance for Product Y is:

What is the total contribution margin sales volume variance?

What additional information would be needed for Folsom to calculate the dollar impact of changes in market share on November's operating income?

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