Exam 8: Using Accounting Information to Make Managerial Decisions

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Offshoring is another term for outsourcing.

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An auto body shop is trying to decide whether or not to purchase a new piece of diagnostic equipment.Which of the following costs would not be relevant to the decision?

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Your friend purchased a non-refundable ticket to a popular Broadway play for Friday night.Yesterday she was invited to spend Friday on the lake with a group of sorority sisters.Her only cost will be for personal items such as lunch.The lake is two hours away from her apartment and the play is another hour in the opposite direction.She knows that if she goes to the lake,she will not get back in time to attend the play.Which of the following is not a relevant cost in making her decision on whether to go to the play or to the lake?

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Which of the following is not relevant in the decision to accept a special order?

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The theory of constraints seeks to maximize

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Paris Manufacturing Company Inc.uses 400

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Which of the following is not a criterion of relevant information?

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In an outsourcing decision,one important factor is the quality of the outsourced product.

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Cost that has been incurred in the past is referred to as

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Which of the following laws prohibits companies from offering the same item to different customers at different prices?

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According to the theory of constraints,which of the following is not a step required to maximize and improve the performance of a value chain?

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Given the following data,what is the total relevant cost of internal production of 50

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Unavoidable costs are incurred under all alternatives,thus they are always relevant.

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Logan's,Inc.has the following production and cost data for two of its products,Basic and Supreme: Logan's,Inc.has the following production and cost data for two of its products,Basic and Supreme:     A total of 40,000 hours is available each period for the production of the two products The demand for both products is strong and Logan is not sure it can fill all orders expected to be received. Required:  a.Ignoring qualitative issues,for which of the two products should Logan focus on filling orders first? b.List three alternatives that Logan should consider in order to produce more units within the 40,000 hours? A total of 40,000 hours is available each period for the production of the two products The demand for both products is strong and Logan is not sure it can fill all orders expected to be received. Required: a.Ignoring qualitative issues,for which of the two products should Logan focus on filling orders first? b.List three alternatives that Logan should consider in order to produce more units within the 40,000 hours?

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If a company produces its products in a constrained resource environment,the company should

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Holt Manufacturing Company produces three products in its Dallas factory.Data relating to the products are given below: Holt Manufacturing Company produces three products in its Dallas factory.Data relating to the products are given below:    A total of 8,200 hours are available in the Dallas facility. Required:  a.How many hours will be required to satisfy the demand for all three products? b.How much of each product should be produced to maximize Hold's operating income? Unit 8-4, A total of 8,200 hours are available in the Dallas facility. Required: a.How many hours will be required to satisfy the demand for all three products? b.How much of each product should be produced to maximize Hold's operating income? Unit 8-4,

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Which of the following combinations results in irrelevant information?

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ABC Company manufactures sleeping bags.It has the capacity to produce 6,000 sleeping bags a year,but only produced 5,700 bags that could be sold because 5% of the bags had zippers that were defective.Under the theory of constraints,which of the following would be the most likely action to eliminate the problem of defective zippers?

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Once viable alternatives have been identified by a decision maker,which of the following is not a step that should be followed?

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Brandon,Inc.is a consulting firm headquartered in Dallas.Trish Hardin,CEO of the company plans to attend a professional conference in Atlanta where she intends to network in the pursuit of business.She enjoys shopping and dining in Atlanta and is looking forward to the trip.She registered for the conference and made hotel and airfare reservations six weeks ago.Her airline ticket and registration fee are non-refundable,but it is not too late to cancel her hotel room.The day before the conference,a company executive from El Dorado calls and wishes to meet with Trish the next day regarding a consulting project.If Trish chooses to make the trip to El Dorado,she will drive.Both trips will require an overnight stay.Trish does not have a prediction of how much revenue either trip may generate.Costs related to the two trips are as follows: Brandon,Inc.is a consulting firm headquartered in Dallas.Trish Hardin,CEO of the company plans to attend a professional conference in Atlanta where she intends to network in the pursuit of business.She enjoys shopping and dining in Atlanta and is looking forward to the trip.She registered for the conference and made hotel and airfare reservations six weeks ago.Her airline ticket and registration fee are non-refundable,but it is not too late to cancel her hotel room.The day before the conference,a company executive from El Dorado calls and wishes to meet with Trish the next day regarding a consulting project.If Trish chooses to make the trip to El Dorado,she will drive.Both trips will require an overnight stay.Trish does not have a prediction of how much revenue either trip may generate.Costs related to the two trips are as follows:    Required:  a.Which of the above costs are not relevant? b.Without considering qualitative factors,which alternative will Trish choose? Why? c.What are three factors other than costs that Trish should consider? Unit 8-1, Required: a.Which of the above costs are not relevant? b.Without considering qualitative factors,which alternative will Trish choose? Why? c.What are three factors other than costs that Trish should consider? Unit 8-1,

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