Question 1

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. B

Question 2

Weighted-average budgeted contribution margin per unit is:

Accepted Answer

A) Actual total contribution margin ÷ actual total units. 
B) Actual total contribution margin ÷ budgeted total units. 
C) Budgeted total contribution margin ÷ actual total units. 
D) Budgeted total contribution margin ÷ budgeted total units. 
E) Sum of budgeted contribution margin per unit of all products ÷ number of products. 
A) Actual total contribution margin ÷ actual total units. 
B) Actual total contribution margin ÷ budgeted total units. 
C) Budgeted total contribution margin ÷ actual total units. 
D) Budgeted total contribution margin ÷ budgeted total units. 
E) Sum of budgeted contribution margin per unit of all products ÷ number of products. D

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. D

Question 4

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.Market share: budget: 8,000/80,000 = .10; actual market share = 9,000/75,000 = .12 
A) $30,600 favorable. 
B) $31,500 favorable. 
C) $32,640 favorable. 
D) $33,000 favorable. 
E) $35,200 favorablE.Market share: budget: 8,000/80,000 = .10; actual market share = 9,000/75,000 = .12

Question 5

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 6

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 7

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.(2,440,000 - 1,875,000) x .06 x $11.36 = $385,104 favorable 
A) $218,450 favorable. 
B) $33,750 favorable. 
C) $221,520 favorable. 
D) $385,104 favorable. 
E) $426,000 favorablE.(2,440,000 - 1,875,000) x .06 x $11.36 = $385,104 favorable

Question 8

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.$10,800 F - $12,960 U = $2,160 favorable 
A) $960 unfavorable. 
B) $2,160 favorable. 
C) $2,520 unfavorable. 
D) $6,880 favorable. 
E) $10,920 favorablE.$10,800 F - $12,960 U = $2,160 favorable

Question 9

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 10

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.

Question 11

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 12

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.For AR-10 
A) $480 favorable. 
B) $507 favorable. 
C) $560 favorable. 
D) $960 favorable. 
E) $1,040 favorablE.For AR-10

Question 13

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 14

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 15

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 16

Efforts to improve productivity should be focused only on:

Accepted Answer

A) Quality. 
B) Non-value-added activities. 
C) Value-added activities. 
D) Inputs. 
E) Outputs. 
A) Quality. 
B) Non-value-added activities. 
C) Value-added activities. 
D) Inputs. 
E) Outputs.

Question 17

The sales quantity variance for Product Y is:

Accepted Answer

A) $6,465 favorable. 
B) $6,750 favorable. 
C) $33,250 favorable. 
D) $23,200 unfavorable. 
E) $78,000 favorablE.Total units: budget = 13,000; actual units = 12,000 
A) $6,465 favorable. 
B) $6,750 favorable. 
C) $33,250 favorable. 
D) $23,200 unfavorable. 
E) $78,000 favorablE.Total units: budget = 13,000; actual units = 12,000

Question 18

The total sales mix variance for both products is:

Accepted Answer

A) $140,000 favorable. 
B) $160,000 favorable. 
C) $416,000 unfavorable. 
D) $156,000 unfavorable. 
E) $260,000 favorablE.For Product X 
A) $140,000 favorable. 
B) $160,000 favorable. 
C) $416,000 unfavorable. 
D) $156,000 unfavorable. 
E) $260,000 favorablE.For Product X

Question 19

In 2012, the partial financial productivity of direct labor 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 20

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

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

Weighted-average budgeted contribution margin per unit is:

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

What is the firm's market share variance?

The contribution margin sales volume variance for Product Y is:

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

The market size variance is:

What is the firm's total sales mix variance?

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

The weighted-average budgeted contribution margin per unit is:

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)]:

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

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

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

The partial operational productivity of Material H in 2012 is:

Efforts to improve productivity should be focused only on:

The sales quantity variance for Product Y is:

The total sales mix variance for both products is:

In 2012, the partial financial productivity of direct labor is:

The contribution margin sales volume variance for Product X is:

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

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

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

Weighted-average budgeted contribution margin per unit is:

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

What is the firm's market share variance?

The contribution margin sales volume variance for Product Y is:

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

The market size variance is:

What is the firm's total sales mix variance?

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

The weighted-average budgeted contribution margin per unit is:

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)]:

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

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

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

The partial operational productivity of Material H in 2012 is:

Efforts to improve productivity should be focused only on:

The sales quantity variance for Product Y is:

The total sales mix variance for both products is:

In 2012, the partial financial productivity of direct labor is:

The contribution margin sales volume variance for Product X is:

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

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