Question 1

The partial direct labor operational productivity ratio for 2012 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 2

When the mix of products sold shifts toward the high contribution margin product, the total:

Accepted Answer

A) Sales mix variance is favorable. 
B) Sales volume variance is favorable. 
C) Market mix variance is favorable. 
D) Sales mix variance is unfavorable. 
E) Sales price variance is favorable. 
A) Sales mix variance is favorable. 
B) Sales volume variance is favorable. 
C) Market mix variance is favorable. 
D) Sales mix variance is unfavorable. 
E) Sales price variance is favorable.

Question 3

The partial operational productivity ratio of DTV-12 in 2013 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 4

What is the sales quantity variance for Spiders?

Accepted Answer

A) $0 
B) $1,500 favorable. 
C) $9,843 favorable. 
D) $11,250 favorable. 
E) $15,468 favorablE.6900 + 3100 = 10,000 
A) $0 
B) $1,500 favorable. 
C) $9,843 favorable. 
D) $11,250 favorable. 
E) $15,468 favorablE.6900 + 3100 = 10,000

Question 5

Taylor, Inc. has the following information for the two most recent years of operations.
   Required:
Determine the following:
1. Selling price variance in sales dollars.
2. Sales volume variance in contribution.
3. Materials usage variance.
4. Materials price variance.
5. Labor usage variance.
6. Labor rate variance.

Accepted Answer

Answer may

Question 6

The following information is for the Wetherby Company.
   1. Compute the partial operational productivity measures for 2012 and 2013.
2. Compute the partial financial productivity ratios for 2012 and 2013.
3. Separate the changes of the partial financial productivity ratios from 2012 to 2013 into productivity change, input price change, and output change.

Accepted Answer

Answer may vary
Feedback:
1. Materials:

Question 7

The sales volume variance is:

Accepted Answer

A) Further divided into separate sales quantity and sales mix variances. 
B) Further divided into separate revenue and quantity variances. 
C) Not further divided. 
D) Further divided into separate flexible budget and sales volume variances. 
E) Further divided into separate variable and fixed variances. 
A) Further divided into separate sales quantity and sales mix variances. 
B) Further divided into separate revenue and quantity variances. 
C) Not further divided. 
D) Further divided into separate flexible budget and sales volume variances. 
E) Further divided into separate variable and fixed variances.

Question 8

The net effect of ZR-7's selling price variance on profit is:

Accepted Answer

A) $240 favorable. 
B) $400 unfavorable. 
C) $420 unfavorable. 
D) $560 favorable. 
E) $800 unfavorablE.Price = $12,000/6,000 = $2; Actual price = $11,760/5,600 = $2.1 = ($2.10 - $2) x 5,600 = $560 favorable 
A) $240 favorable. 
B) $400 unfavorable. 
C) $420 unfavorable. 
D) $560 favorable. 
E) $800 unfavorablE.Price = $12,000/6,000 = $2; Actual price = $11,760/5,600 = $2.1 = ($2.10 - $2) x 5,600 = $560 favorable

Question 9

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 10

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 11

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 12

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 13

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 14

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.[(20,000 - 90,000) x $8] + [(140,000 - 110,000) x $5] = $410,000 unfavorable 
A) $200,000 favorable. 
B) $260,000 unfavorable. 
C) $340,000 unfavorable. 
D) $410,000 unfavorable. 
E) $580,000 unfavorablE.[(20,000 - 90,000) x $8] + [(140,000 - 110,000) x $5] = $410,000 unfavorable

Question 15

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.$24,960 - $800 = $24,160 favorable 
A) $7,600 favorable. 
B) $8,000 unfavorable. 
C) $15,600 favorable. 
D) $16,560 unfavorable. 
E) $24,160 favorablE.$24,960 - $800 = $24,160 favorable

Question 16

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 17

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.(.15 - .12) x 12,000 x ($60 - 30) = $10,800 favorable 
A) $10,800 favorable. 
B) $11,200 favorable. 
C) $12,4000 favorable. 
D) $12,600 favorable. 
E) $13,200 favorablE.(.15 - .12) x 12,000 x ($60 - 30) = $10,800 favorable

Question 18

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.(75,000 - 80,000) x .10 x $22 = $11,000 unfavorable 
A) $10,200 unfavorable. 
B) $11,000 unfavorable. 
C) $12,240 unfavorable. 
D) $13,200 unfavorable. 
E) $22,000 unfavorablE.(75,000 - 80,000) x .10 x $22 = $11,000 unfavorable

Question 19

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 20

The weighted-average budgeted contribution margin per unit is:

Accepted Answer

A) $19.95. 
B) $35.50. 
C) $30.60. 
D) $40.00. 
E) $77.50. 
A) $19.95. 
B) $35.50. 
C) $30.60. 
D) $40.00. 
E) $77.50.

The partial direct labor operational productivity ratio for 2012 is:

When the mix of products sold shifts toward the high contribution margin product, the total:

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

What is the sales quantity variance for Spiders?

The sales volume variance is:

The net effect of ZR-7's selling price variance on profit is:

What is the sales volume variance for Spiders?

What is AB's contribution margin sales volume variance?

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

What is the firm's market share variance?

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

The contribution margin sales volume variance is:

What is the total contribution margin sales volume variance?

A partial operational productivity measure:

What is the firm's market share variance?

What is the firm's market size variance?

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

The weighted-average budgeted contribution margin per unit 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

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

The partial direct labor operational productivity ratio for 2012 is:

When the mix of products sold shifts toward the high contribution margin product, the total:

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

What is the sales quantity variance for Spiders?

The sales volume variance is:

The net effect of ZR-7's selling price variance on profit is:

What is the sales volume variance for Spiders?

What is AB's contribution margin sales volume variance?

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

What is the firm's market share variance?

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

The contribution margin sales volume variance is:

What is the total contribution margin sales volume variance?

A partial operational productivity measure:

What is the firm's market share variance?

What is the firm's market size variance?

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

The weighted-average budgeted contribution margin per unit 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