Question 1

The selling price variance for Product Y is:

Accepted Answer

A) $7,500 favorable. 
B) $25,000 unfavorable. 
C) $42,500 unfavorable. 
D) $52,000 favorable. 
E) $75,000 unfavorable. 
A) $7,500 favorable. 
B) $25,000 unfavorable. 
C) $42,500 unfavorable. 
D) $52,000 favorable. 
E) $75,000 unfavorable.

Question 2

The partial financial productivity ratio of DTV-12 in 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 3

Which one of the following is a productivity measure that focuses only on the relationship between one of the inputs and the output attained?

Accepted Answer

A) Financial productivity. 
B) Total productivity. 
C) Total financial productivity. 
D) Productivity. 
E) Partial productivity. 
A) Financial productivity. 
B) Total productivity. 
C) Total financial productivity. 
D) Productivity. 
E) Partial productivity.

Question 4

The market share variance is:

Accepted Answer

A) (Budgeted contribution margin per unit - actual contribution margin per unit) x (units sold). 
B) (Actual market size in units - budgeted market size in units) x (weighted-average budgeted contribution margin per unit). 
C) (Actual market size in units - budgeted market size in units) x (weighted-average budgeted contribution margin per unit) x (the budgeted market share). 
D) (Actual market share - budgeted market share) x (budgeted total market size) x (weighted average budgeted contribution margin per unit). 
E) (Actual market share - budgeted market share) x (actual total market size) x (weighted average budgeted contribution margin per unit). 
A) (Budgeted contribution margin per unit - actual contribution margin per unit) x (units sold). 
B) (Actual market size in units - budgeted market size in units) x (weighted-average budgeted contribution margin per unit). 
C) (Actual market size in units - budgeted market size in units) x (weighted-average budgeted contribution margin per unit) x (the budgeted market share). 
D) (Actual market share - budgeted market share) x (budgeted total market size) x (weighted average budgeted contribution margin per unit). 
E) (Actual market share - budgeted market share) x (actual total market size) x (weighted average budgeted contribution margin per unit).

Question 5

What is the firm's market share variance?

Accepted Answer

A) $30,600 favorable. 
B) $31,500 favorable. 
C) $32,640 favorable. 
D) $33,000 favorable. 
E) $35,200 favorablE. 
A) $30,600 favorable. 
B) $31,500 favorable. 
C) $32,640 favorable. 
D) $33,000 favorable. 
E) $35,200 favorablE.

Question 6

What is the firm's market size variance?

Accepted Answer

A) $2,440 favorable. 
B) $3,600 favorable. 
C) $5,550 favorable. 
D) $6,000 favorable. 
E) $6,300 favorablE. 
A) $2,440 favorable. 
B) $3,600 favorable. 
C) $5,550 favorable. 
D) $6,000 favorable. 
E) $6,300 favorablE.

Question 7

The partial direct labor operational productivity in 2012 is:

Accepted Answer

A) 0.22. 
B) 0.25. 
C) 4.00. 
D) 4.50. 
E) 5.00. 
A) 0.22. 
B) 0.25. 
C) 4.00. 
D) 4.50. 
E) 5.00.

Question 8

What is AB's contribution margin sales volume variance?

Accepted Answer

A) $0 
B) $1,500 unfavorable. 
C) $4,000 favorable. 
D) $7,500 unfavorable. 
E) $10,000 unfavorable. 
A) $0 
B) $1,500 unfavorable. 
C) $4,000 favorable. 
D) $7,500 unfavorable. 
E) $10,000 unfavorable.

Question 9

The total selling price variance of the period is:

Accepted Answer

A) $0. 
B) $38,000 unfavorable. 
C) $67,500 unfavorable. 
D) $112,500 unfavorable. 
E) $122,000 unfavorablE.[($14 - $13) x 42,000] + [($29 - $30) x 80,000] = $38,000 unfavorable 
A) $0. 
B) $38,000 unfavorable. 
C) $67,500 unfavorable. 
D) $112,500 unfavorable. 
E) $122,000 unfavorablE.[($14 - $13) x 42,000] + [($29 - $30) x 80,000] = $38,000 unfavorable

Question 10

The effect of changes in a product's proportion of the total market are 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 11

What is the sales volume variance for Spiders?

Accepted Answer

A) $0. 
B) $1,125 favorable. 
C) $1,500 favorable. 
D) $1,650 unfavorable. 
E) $12,375 unfavorablE.= (6,900 - 7,500) x $2.75 = $1,650 unfavorable 
A) $0. 
B) $1,125 favorable. 
C) $1,500 favorable. 
D) $1,650 unfavorable. 
E) $12,375 unfavorablE.= (6,900 - 7,500) x $2.75 = $1,650 unfavorable

Question 12

One major problem in measuring the productivity of a not-for-profit organization is the absence of:

Accepted Answer

A) Overhead costs. 
B) A common measure for its outputs. 
C) Mandatory financial reporting. 
D) Materials costs. 
A) Overhead costs. 
B) A common measure for its outputs. 
C) Mandatory financial reporting. 
D) Materials costs.

Question 13

In 2013, the partial operational productivity of Material H is:

Accepted Answer

A) 0.20. 
B) 0.55. 
C) 1.82. 
D) 3.33. 
E) 5.00. 
A) 0.20. 
B) 0.55. 
C) 1.82. 
D) 3.33. 
E) 5.00.

Question 14

The weighted-average budgeted contribution margin per unit is:

Accepted Answer

A) $5.15. 
B) $6.35. 
C) $6.70. 
D) $6.80. 
E) $7.00. 
A) $5.15. 
B) $6.35. 
C) $6.70. 
D) $6.80. 
E) $7.00.

The selling price variance for Product Y is:

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

Which one of the following is a productivity measure that focuses only on the relationship between one of the inputs and the output attained?

The market share variance is:

What is the firm's market share variance?

What is the firm's market size variance?

The partial direct labor operational productivity in 2012 is:

What is AB's contribution margin sales volume variance?

The total selling price variance of the period is:

The effect of changes in a product's proportion of the total market are measured by:

What is the sales volume variance for Spiders?

One major problem in measuring the productivity of a not-for-profit organization is the absence of:

In 2013, the partial operational productivity of Material H is:

The weighted-average budgeted contribution margin per unit 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

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

The selling price variance for Product Y is:

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

Which one of the following is a productivity measure that focuses only on the relationship between one of the inputs and the output attained?

The market share variance is:

What is the firm's market share variance?

What is the firm's market size variance?

The partial direct labor operational productivity in 2012 is:

What is AB's contribution margin sales volume variance?

The total selling price variance of the period is:

The effect of changes in a product's proportion of the total market are measured by:

What is the sales volume variance for Spiders?

One major problem in measuring the productivity of a not-for-profit organization is the absence of:

In 2013, the partial operational productivity of Material H is:

The weighted-average budgeted contribution margin per unit 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