Exam 9: Management Control Systems and Responsibility Accounting

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Wetzel Company has the following information available for the past quarter: Division A Division B Division C Sales \ 250,000 \ 400,000 \ 350,000 Variable expenses 52\% 30\% 40\% Fixed expenses controllable by division manager \ 60,000 \ 200,000 \ 175,000 Fixed expenses controllable by others \ 10,000 \ 5,000 \ 7,500 Unallocated expenses for all three divisions are $22,000.What is the contribution controllable by the division manager in Division C?

(Multiple Choice)

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Question 141

Evaluations of the responsibility center manager's performance should ignore uncontrollable costs.

(True/False)

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Question 142

Warranty costs are a form of ________ costs.

(Multiple Choice)

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Question 143

A cost of quality report displays the financial impact of organizational goals and objectives.

(True/False)

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Question 144

The financial performance of a segment manager is evaluated by ________.

(Multiple Choice)

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Question 145

Increased productivity can be shown by maintaining the number of inputs but increasing the number of outputs.

(True/False)

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Question 146

The manager of a(n)________ responsibility center is responsible for the revenues,costs and invested capital from the center.

(Multiple Choice)

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Question 147

Some management experts have said that the only sustainable competitive advantage is the rate at which a company's managers learn.

(True/False)

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Question 148

Showing 141 - 148 of 148

Evaluations of the responsibility center manager's performance should ignore uncontrollable costs.

Warranty costs are a form of ________ costs.

A cost of quality report displays the financial impact of organizational goals and objectives.

The financial performance of a segment manager is evaluated by ________.

Increased productivity can be shown by maintaining the number of inputs but increasing the number of outputs.

The manager of a(n)________ responsibility center is responsible for the revenues,costs and invested capital from the center.

Some management experts have said that the only sustainable competitive advantage is the rate at which a company's managers learn.

Managerial Accounting,the Business Organization,and Professional Ethics

Introduction to Cost Behavior and Cost Volume Profit Relationships

Measurement of Cost Behavior

Cost Management Systems and Activity-Based Costing

Relevant Information for Decision Making With a Focus on Pricing Decisions

Relevant Information for Decision Making With a Focus on Operational Decisions

Introduction to Budgets and Preparing the Master Budget

Flexible Budgets and Variance Analysis

Management Control in Decentralized Organizations

Capital Budgeting

Cost Allocation

Accounting for Overhead Costs

Job-Order Costing and Process-Costing Systems

Basic Accounting: Concepts, techniques, and Conventions

Understanding Corporate Annual Reports: Basic Financial Statements

Understanding and Analyzing Consolidated Financial Statements

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