Question 1

Which one of the following uses the number of units of an input factor in its assessment of productivity?

Accepted Answer

A) Partial financial productivity. 
B) Total productivity. 
C) Operational productivity. 
D) Partial productivity. 
A) Partial financial productivity. 
B) Total productivity. 
C) Operational productivity. 
D) Partial productivity.

Question 2

What is MT's sales quantity variance?

Accepted Answer

A) $800 unfavorable. 
B) $8,800 favorable. 
C) $10,000 favorable. 
D) $11,440 favorable. 
E) $13,600 favorablE.Total units: budget = 4,000 + 4,000 = 8,000; actual units = 3,960 + 5,040 = 9,000 
A) $800 unfavorable. 
B) $8,800 favorable. 
C) $10,000 favorable. 
D) $11,440 favorable. 
E) $13,600 favorablE.Total units: budget = 4,000 + 4,000 = 8,000; actual units = 3,960 + 5,040 = 9,000

Question 3

What is the company's market share variance?

Accepted Answer

A) $1,050 favorable. 
B) $1,181 favorable. 
C) $1,200 favorable. 
D) $1,350 favorable. 
E) $2,400 favorablE.(.34-.32) x 10,000 x $6 = $1,200 favorable 
A) $1,050 favorable. 
B) $1,181 favorable. 
C) $1,200 favorable. 
D) $1,350 favorable. 
E) $2,400 favorablE.(.34-.32) x 10,000 x $6 = $1,200 favorable

Question 4

Sales volume variances can have significant implications for strategic management. An unfavorable sales volume variance may indicate that:

Accepted Answer

A) The industry is in decline. 
B) The company needs a new competitive strategy. 
C) Product mix changes are favorable but quantity variances are unfavorable. 
D) Labor productivity needs to be addressed 
A) The industry is in decline. 
B) The company needs a new competitive strategy. 
C) Product mix changes are favorable but quantity variances are unfavorable. 
D) Labor productivity needs to be addressed

Question 5

Which one of the following measures the relationship between the output attained and the total input costs of all the required input resources?

Accepted Answer

A) Partial financial productivity. 
B) Total productivity. 
C) Partial operational productivity. 
D) Total financial productivity. 
E) Partial productivity. 
A) Partial financial productivity. 
B) Total productivity. 
C) Partial operational productivity. 
D) Total financial productivity. 
E) Partial productivity.

Question 6

The net effect of AR-10's sales volume variance on profit is:

Accepted Answer

A) $720 favorable. 
B) $817 favorable. 
C) $1,060 favorable. 
D) $1,160 favorable. 
E) $1,440 favorablE.Price = 6,000/2,000 = $3; unit variable cost = $2,400/2,000 = $1.2 
A) $720 favorable. 
B) $817 favorable. 
C) $1,060 favorable. 
D) $1,160 favorable. 
E) $1,440 favorablE.Price = 6,000/2,000 = $3; unit variable cost = $2,400/2,000 = $1.2

Question 7

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 8

The sales quantity variance for Product Y is:

Accepted Answer

A) $4,000 favorable. 
B) $25,000 favorable. 
C) $26,000 favorable. 
D) $45,000 favorable. 
E) $52,000 unfavorablE.Total units: budget = 2,000 + 6,000 = 8,000; actual units = 1,500 + 8,500 = 10,000 
A) $4,000 favorable. 
B) $25,000 favorable. 
C) $26,000 favorable. 
D) $45,000 favorable. 
E) $52,000 unfavorablE.Total units: budget = 2,000 + 6,000 = 8,000; actual units = 1,500 + 8,500 = 10,000

Question 9

The Tempest Company has the following information for the current year.
   The industry budget is 2 million units and the actual result for the industry is 2.5 million units.
Required:
1. Compute the contribution margin sales mix variance for product X.
2. Compute the contribution margin sales mix variance for product Y.
3. Compute the contribution margin sales volume variance for product X.
4. Compute the contribution margin sales volume variance for product Y.
5. Compute the contribution margin sales quantity variance for product X.
6. Compute the contribution margin sales quantity variance for product Y.
7. Compute the market share variance for Tempest.
8. Computer the market size variance for Tempest.

Accepted Answer

Answer may vary
Feedback:
1. Compute the

Question 10

What is ET's contribution margin sales volume variance?

Accepted Answer

A) $15,360 favorable. 
B) $15,360 unfavorable. 
C) $24,960 favorable. 
D) $32,000 unfavorable. 
E) $16,640 unfavorablE.Budgeted CM = $60 - 36 = $24 
A) $15,360 favorable. 
B) $15,360 unfavorable. 
C) $24,960 favorable. 
D) $32,000 unfavorable. 
E) $16,640 unfavorablE.Budgeted CM = $60 - 36 = $24

Question 11

(Budgeted sales mix- actual sales mix) x (total quantity sold) x (budgeted contribution margin per unit of the product) equals:

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.

Question 12

The selling price variance for Product X is:

Accepted Answer

A) $7,500 favorable 
B) $26,000 unfavorable. 
C) $30,000 unfavorable. 
D) $40,000 favorable. 
E) $40,000 unfavorablE.Actual price: $202,500/1,500 = $135 
A) $7,500 favorable 
B) $26,000 unfavorable. 
C) $30,000 unfavorable. 
D) $40,000 favorable. 
E) $40,000 unfavorablE.Actual price: $202,500/1,500 = $135

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 effect of changes in the total industry sales of the firm's product is 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.

Which one of the following uses the number of units of an input factor in its assessment of productivity?

What is MT's sales quantity variance?

What is the company's market share variance?

Sales volume variances can have significant implications for strategic management. An unfavorable sales volume variance may indicate that:

Which one of the following measures the relationship between the output attained and the total input costs of all the required input resources?

The net effect of AR-10's sales volume variance on profit is:

The selling price variance for Product Y is:

The sales quantity variance for Product Y is:

What is ET's contribution margin sales volume variance?

(Budgeted sales mix- actual sales mix) x (total quantity sold) x (budgeted contribution margin per unit of the product) equals:

The selling price variance for Product X is:

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

The effect of changes in the total industry sales of the firm's product is measured by:

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

Which one of the following uses the number of units of an input factor in its assessment of productivity?

What is MT's sales quantity variance?

What is the company's market share variance?

Sales volume variances can have significant implications for strategic management. An unfavorable sales volume variance may indicate that:

Which one of the following measures the relationship between the output attained and the total input costs of all the required input resources?

The net effect of AR-10's sales volume variance on profit is:

The selling price variance for Product Y is:

The sales quantity variance for Product Y is:

What is ET's contribution margin sales volume variance?

(Budgeted sales mix- actual sales mix) x (total quantity sold) x (budgeted contribution margin per unit of the product) equals:

The selling price variance for Product X is:

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

The effect of changes in the total industry sales of the firm's product is measured by:

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