Picture Puzzle Company The Picture Puzzle Company has the following estimates for producing a single batch of 500 custom-made puzzles: $\begin{array}{lc} \text { Wait time } & 10 \text { days } \\ \text { Inspection time } & 1 \text { hour } \\ \text { Processing time } & 3 \text { days } \\ \text { Move time } & 1 \text { day } \end{array}$ -The total value-added time is:

A) 14 days and 1 hour B) 13 days C) 3 days D) 4 days A) 14 days and 1 hour B) 13 days C) 3 days D) 4 days

Bradford Inc. Bradford Inc. manufactures and sells digital cameras. Bradford’s management team has begun an intensive program whereby more time and effort are to be focused on product quality than were focused on in the past. The following data has been compiled regarding expected quality costs in the upcoming year: \[\begin{array} { l r } \text { Product quality audits } & \$ 60000 \\ \text { Quality training } & 50000 \\ \text { Rework costs } & 80000 \\ \text { Warranty claims } & 40000 \\ \text { Inspection of incoming materials } & 25000 \\ \text { Scrap costs } & 20000 \\ \text { Statistical process control } & 35000 \end{array}\] -What are Bradford's total appraisal (detection)costs?

A) $170 000 B) $110 000 C) $120 000 D) $ 60 000 A) $170 000 B) $110 000 C) $120 000 D) $ 60 000

Pennington Products Pennington Products has two product lines: R-100 and R-200. Revenue and cost information for each of the product lines are as follows: $\begin{array}{lrr} &\underline{\text { R-100 }}&\underline{\text { R-200 }}\\ \text { Selling price per unit } & \$ 45 & \$ 60 \\ \text { Variable costs per unit } & 15 & 24 \\ \text { Traceable fixed expenses } & \$ 250000 & \$ 360000 \end{array}$ Pennington has common fixed expenses of $250 000 per year. Last year, the company produced and sold 30 000 units of R-100 and 20 000 units of R-200. -What is the segment margin ratio of the R-200 product line?

A) 50 per cent B) 30 per cent C) 60 per cent D) 20 per cent A) 50 per cent B) 30 per cent C) 60 per cent D) 20 per cent

Exam 14: Decentralisation and Modern Performance Management Systems the Balanced Scorecard

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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 value-added time is:

(Multiple Choice)

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Question 161

For the current year,Winston Inc.reported sales of $800 000 and an asset turnover of 2.The rate of return on average invested assets was 20 per cent.The company's margin for the year was:

(Multiple Choice)

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Question 162

Bradford Inc. Bradford Inc. manufactures and sells digital cameras. Bradford’s management team has begun an intensive program whereby more time and effort are to be focused on product quality than were focused on in the past. The following data has been compiled regarding expected quality costs in the upcoming year: Product quality audits \ 60000 Quality training 50000 Rework costs 80000 Warranty claims 40000 Inspection of incoming materials 25000 Scrap costs 20000 Statistical process control 35000 -What are Bradford's total appraisal (detection)costs?

(Multiple Choice)

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Question 163

The term 'strategic business unit' is often used to describe a(n):

(Multiple Choice)

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Question 164

Pennington Products Pennington Products has two product lines: R-100 and R-200. Revenue and cost information for each of the product lines are as follows: Selling price per unit \ 45 \ 60 Variable costs per unit 15 24 Traceable fixed expenses \ 250000 \ 360000 Pennington has common fixed expenses of $250 000 per year. Last year, the company produced and sold 30 000 units of R-100 and 20 000 units of R-200. -What is the segment margin ratio of the R-200 product line?

(Multiple Choice)

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Question 165

Perk Inc.manufactures and sells coffee makers.A popular consumer magazine has recently evaluated coffee makers and has ranked Perk's coffee makers as being of 'poor quality'.As a result,Perk's management team has begun to analyse all costs associated with their coffee makers in more detail,and has compiled the following data: Scrap costs \1 5000 Quality training 50000 Warranty claims 90000 Rework costs 18000 Inspection of incoming materials 12000 Product quality audits 25000 Statistical process control 20000 Required: A. What are total prevention costs? B. What are total appraisal costs? C. What are total internal failure costs? D. What are total external failure costs?

(Essay)

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Question 166

External failure costs include:

(Multiple Choice)

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Question 167

Which of the following statements about prevention costs is true?

(Multiple Choice)

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Question 168

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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 value-added time is:

For the current year,Winston Inc.reported sales of $800 000 and an asset turnover of 2.The rate of return on average invested assets was 20 per cent.The company's margin for the year was:

The term 'strategic business unit' is often used to describe a(n):

External failure costs include:

Which of the following statements about prevention costs is true?

Introduction to Managerial Accounting

Product Costing: Manufacturing Processes, cost Terminology and Cost Flows

Cost Behaviour

Job Costing and Overhead Costing Systems

Process Costing Systems

Service and Operations Costing

Departmental Overhead Costing

Activity-Based Costing

Cost-Volume-Profit Analysis

Relevant Costs and Product Planning Decisions

Long-Term Capital Investmentdecisions

Fixed and Rolling Budgets for Planning and Decision Making

Management Accounting for Cost Control and Performance Evaluation Flexible Budgets and Variance Analysis

Accounting for Sustainability Social Reporting,environmental Reporting and Management Accounting

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