Exam 14: Decentralisation and Modern Performance Management Systems the Balanced Scorecard
Exam 1: Introduction to Managerial Accounting51 Questions
Exam 2: Product Costing: Manufacturing Processes, cost Terminology and Cost Flows84 Questions
Exam 3: Cost Behaviour106 Questions
Exam 4: Job Costing and Overhead Costing Systems60 Questions
Exam 5: Process Costing Systems60 Questions
Exam 6: Service and Operations Costing60 Questions
Exam 7: Departmental Overhead Costing61 Questions
Exam 8: Activity-Based Costing78 Questions
Exam 9: Cost-Volume-Profit Analysis117 Questions
Exam 10: Relevant Costs and Product Planning Decisions75 Questions
Exam 11: Long-Term Capital Investmentdecisions97 Questions
Exam 12: Fixed and Rolling Budgets for Planning and Decision Making115 Questions
Exam 13: Management Accounting for Cost Control and Performance Evaluation Flexible Budgets and Variance Analysis108 Questions
Exam 14: Decentralisation and Modern Performance Management Systems the Balanced Scorecard168 Questions
Exam 15: Accounting for Sustainability Social Reporting,environmental Reporting and Management Accounting64 Questions
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The manager of a local retail store tells you that,'An unprofitable segment should always close'.Do you agree or disagree with this statement and why?
(Essay)
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Under what type of situation would return on investment (ROI)be a better performance measure than residual income and vice versa?
(Essay)
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As a new manager of a production division,you have made the decision to incur more quality costs than the previous manager of the division incurred.How can you defend quality costs to executive management?
(Essay)
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Hedding Inc.has two divisions: classic and modern.In the most recent year,the classic division reported sales of $900 000 and an asset turnover of 4.0.The rate of return on average invested assets was 16 per cent.
Required:
What was the classic division's margin?
(Essay)
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Which two items are typically omitted from 'net operating income' for return on investment (ROI)purposes.Why are these two items omitted?
(Essay)
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Which of the following would be the best measure of performance for a profit centre?
(Multiple Choice)
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The manager of a profit centre should not be responsible for which of the following types of decisions?
(Multiple Choice)
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Graham Pottery Inc.
Graham Pottery Inc. produces an item that gives rise to the following activities:
Activity Hours Processing (two departments) 25 Inspecting 2 Rework 1 Moving (three moves) 6 Waiting (for the second process) 18 Storage (before delivery to the customer) 24
-The manufacturing cycle efficiency is:
(Multiple Choice)
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Picture Puzzle Company
The Picture Puzzle Company has the following estimates for producing a single batch of 500 custom-made puzzles:
Wait time 10 days Inspection time 1 hour Processing time 3 days Move time 1 day
-The total non-value-added time is:
(Multiple Choice)
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Which of the following is often not a disadvantage of decentralisation?
(Multiple Choice)
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Both traditional financial measures of performance and the balanced scorecard approach examine financial factors,but how does their appraisal of financial factors differ?
(Essay)
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Which of the following statements about the balanced scorecard approach is true?
(Multiple Choice)
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Boone Manufacturing
Boone Manufacturing produces a variety of lamp shades which it sells to retail stores throughout the country. The following data is available for the year:
-What is the total throughput per production hour?
(Multiple Choice)
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Which of the following is an advantage of decentralisation?
(Multiple Choice)
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Ramsey Automotive Ltd.had sales of $2 000 000 and net operating income of $600 000 last year.Operating assets last year averaged $1 000 000.The company's manager is considering the purchase of a new machine which is expected to increase average operating assets by 6 per cent.
Required:
Calculate the company's new ROI if the new machine is purchased.
(Essay)
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Astin Ltd.requires all of its divisions to maintain a return on investment (ROI)of at least 25 per cent.Over the past several years,one of Astin's divisions has consistently had the following information:
Sales \2 000000 Net operating income 500000
In order to achieve the company's ROI goals,this division should do which of the following?
(Multiple Choice)
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The manager of a local department store,Nelda Smith,has just been informed that she will start being evaluated on the basis of her segment's ROI in relation to the ROI values of other department stores owned by her employer.Give three ways she can increase her segment's ROI?
(Essay)
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How do the roles of cost centre managers,revenue centre managers,profit centre managers,and investment centre managers differ?
(Essay)
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Which of the following items is often most difficult to allocate to a particular segment?
(Multiple Choice)
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