Question 1

Which of the following is not a part of the sales mix variance equation?

Accepted Answer

A) Actual sales mix of the product. 
B) Budgeted sales mix of the product. 
C) Actual contribution margin per unit of the product. 
D) Total units sold. 
A) Actual sales mix of the product. 
B) Budgeted sales mix of the product. 
C) Actual contribution margin per unit of the product. 
D) Total units sold.

Question 2

The two major contributing factors to a sales volume variance are deviations in:

Accepted Answer

A) Market size and market share. 
B) Market size and sales quantity. 
C) Sales mix and selling price. 
D) Sales mix and sales quantity. 
E) Sales price and sales quantity. 
A) Market size and market share. 
B) Market size and sales quantity. 
C) Sales mix and selling price. 
D) Sales mix and sales quantity. 
E) Sales price and sales quantity.

Question 3

The sales quantity variance for Product X is:

Accepted Answer

A) $45,350 favorable. 
B) $7,400 unfavorable. 
C) $6,500 favorable. 
D) $23,200 favorable. 
E) $43,500 favorablE.Total units: budget = 13,000; actual units = 12,000 
A) $45,350 favorable. 
B) $7,400 unfavorable. 
C) $6,500 favorable. 
D) $23,200 favorable. 
E) $43,500 favorablE.Total units: budget = 13,000; actual units = 12,000

Question 4

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 5

The contribution margin sales volume variance for Product X is:

Accepted Answer

A) $26,000 unfavorable. 
B) $26,000 favorable. 
C) $30,000 unfavorable. 
D) $40,000 unfavorable. 
E) $65,000 favorablE.Budgeted units: $260,000/$130 = 2,000 
A) $26,000 unfavorable. 
B) $26,000 favorable. 
C) $30,000 unfavorable. 
D) $40,000 unfavorable. 
E) $65,000 favorablE.Budgeted units: $260,000/$130 = 2,000

Question 6

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.$1,500 unfavorable + $5,500 favorable = $4,000 favorable 
A) $0. 
B) $1,000 favorable. 
C) $1,000 unfavorable. 
D) $4,000 favorable. 
E) $5,000 unfavorablE.$1,500 unfavorable + $5,500 favorable = $4,000 favorable

Question 7

A selling price 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

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 9

Showtime is a group of aspiring musicians and actors who perform in theaters and dinner clubs. It has a matinee and evening show. These operating data pertain to the month of July:
   Required:
1. Calculate for each type of show and the total:
a. Sales mix variances.
b. Sales quantity variances.
c. Sales volume variances.
2. What strategic implications can you draw from the variances?

Accepted Answer

Answer may vary
Feedback:
1. @#IMG-DLM& 2.
The gro

Question 10

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.(10,000 - 11,250) x .32 x $6 = $2,400 unfavorable 
A) $1,200 unfavorable. 
B) $2,100 unfavorable. 
C) $2,231 unfavorable. 
D) $2,400 unfavorable. 
E) $2,550 unfavorablE.(10,000 - 11,250) x .32 x $6 = $2,400 unfavorable

Question 11

A primary objective in measuring productivity is to improve operations either by using fewer inputs to produce the same output, or to produce:

Accepted Answer

A) More quickly. 
B) More effectively. 
C) With fewer constraints. 
D) More outputs with the same inputs. 
E) More outputs with more inputs. 
A) More quickly. 
B) More effectively. 
C) With fewer constraints. 
D) More outputs with the same inputs. 
E) More outputs with more inputs.

Question 12

What is MT's contribution margin sales volume variance?

Accepted Answer

A) $800 unfavorable. 
B) $1,040 unfavorable. 
C) $22,960 favorable. 
D) $23,760 favorable. 
E) $24,000 favorablE.Budgeted CM = $40 - 20 = $20 
A) $800 unfavorable. 
B) $1,040 unfavorable. 
C) $22,960 favorable. 
D) $23,760 favorable. 
E) $24,000 favorablE.Budgeted CM = $40 - 20 = $20

Question 13

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 14

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 15

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 16

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 17

The selling price variance for November is:

Accepted Answer

A) $15,000 unfavorable. 
B) $18,000 unfavorable. 
C) $20,000 unfavorable. 
D) $30,000 unfavorable. 
E) $65,000 unfavorablE.Price = $300,000/6,000 = $50; $235,000/5,000 = $47 
A) $15,000 unfavorable. 
B) $18,000 unfavorable. 
C) $20,000 unfavorable. 
D) $30,000 unfavorable. 
E) $65,000 unfavorablE.Price = $300,000/6,000 = $50; $235,000/5,000 = $47

Question 18

The total sales quantity variance for both products is:

Accepted Answer

A) $160,000 favorable. 
B) $144,000 unfavorable. 
C) $150,000 favorable. 
D) $110,000 unfavorable. 
E) $254,000 unfavorablE.For Product X. 
A) $160,000 favorable. 
B) $144,000 unfavorable. 
C) $150,000 favorable. 
D) $110,000 unfavorable. 
E) $254,000 unfavorablE.For Product X.

Question 19

In 2013, the partial direct labor operational productivity is:

Accepted Answer

A) 0.20. 
B) 0.25. 
C) 0.40. 
D) 4.00. 
E) 5.00. 
A) 0.20. 
B) 0.25. 
C) 0.40. 
D) 4.00. 
E) 5.00.

Question 20

Darwin, Inc. provided the following information (round calculations to two significant digits):   What is the actual partial productivity ratio?

Accepted Answer

A) 0.97 unit per gallon. 
B) 1.00 units per gallon. 
C) 1.02 units per gallon. 
D) 1.06 units per gallon. 
E) 1.12 units per gallon. 
A) 0.97 unit per gallon. 
B) 1.00 units per gallon. 
C) 1.02 units per gallon. 
D) 1.06 units per gallon. 
E) 1.12 units per gallon.

Which of the following is not a part of the sales mix variance equation?

The two major contributing factors to a sales volume variance are deviations in:

The sales quantity variance for Product X is:

A measure of productivity can be either:

The contribution margin sales volume variance for Product X is:

What is the total contribution margin sales volume variance?

A selling price variance is:

Productivity can be thought of as:

What is the company's market size variance?

A primary objective in measuring productivity is to improve operations either by using fewer inputs to produce the same output, or to produce:

What is MT's contribution margin sales volume variance?

What is CD's contribution margin sales volume variance?

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 partial direct labor financial productivity ratio for 2012 is:

The market share variance is:

The selling price variance for November is:

The total sales quantity variance for both products is:

In 2013, the partial direct labor operational productivity is:

Darwin, Inc. provided the following information (round calculations to two significant digits): What is the actual partial productivity ratio?

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

Which of the following is not a part of the sales mix variance equation?

The two major contributing factors to a sales volume variance are deviations in:

The sales quantity variance for Product X is:

A measure of productivity can be either:

The contribution margin sales volume variance for Product X is:

What is the total contribution margin sales volume variance?

A selling price variance is:

Productivity can be thought of as:

What is the company's market size variance?

A primary objective in measuring productivity is to improve operations either by using fewer inputs to produce the same output, or to produce:

What is MT's contribution margin sales volume variance?

What is CD's contribution margin sales volume variance?

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 partial direct labor financial productivity ratio for 2012 is:

The market share variance is:

The selling price variance for November is:

The total sales quantity variance for both products is:

In 2013, the partial direct labor operational productivity is:

Darwin, Inc. provided the following information (round calculations to two significant digits): What is the actual partial productivity ratio?

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