Exam 22: Decentralization and Performance Measurement
Exam 1: Introducing Accounting in Business257 Questions
Exam 2: Analyzing and Recording Transactions216 Questions
Exam 3: Adjusting Accounts and Preparing Financial Statements236 Questions
Exam 4: Accounting for Merchandising Operations200 Questions
Exam 5: Inventories and Cost of Sales197 Questions
Exam 6: Cash and Internal Controls198 Questions
Exam 7: Accounts and Notes Receivable170 Questions
Exam 8: Long-Term Assets205 Questions
Exam 9: Current Liabilities191 Questions
Exam 10: Long-Term Liabilities189 Questions
Exam 11: Corporate Reporting and Analysis200 Questions
Exam 12: Reporting Cash Flows175 Questions
Exam 13: Analysis of Financial Statements185 Questions
Exam 14: Managerial Accounting Concepts and Principles198 Questions
Exam 15: Job Order Costing and Analysis155 Questions
Exam 16: Process Costing191 Questions
Exam 17: Activity-Based Costing and Analysis183 Questions
Exam 18: Cost-Volume-Profit Analysis181 Questions
Exam 19: Variable Costing and Performance Reporting178 Questions
Exam 20: Master Budgets and Performance Planning164 Questions
Exam 21: Flexible Budgets and Standard Costs179 Questions
Exam 22: Decentralization and Performance Measurement154 Questions
Exam 23: Relevant Costing for Managerial Decisions140 Questions
Exam 24: Capital Budgeting and Investment Analysis144 Questions
Exam 25: Accounting With Special Journals160 Questions
Exam 26: Time Value of Money58 Questions
Exam 27: Investments and International Operations181 Questions
Exam 28: Accounting for Partnerships126 Questions
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Match the following definitions with the appropriate terms
Correct Answer:
Premises:
Responses:
(Matching)
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Costs that the manager has the power to determine or at least strongly influence are called:
(Multiple Choice)
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Return on total assets for a cost center is a useful measure to evaluate the cost center manager.
(True/False)
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Generally,it does not matter how cost allocations are designed and explained,because most employees do not care whether the allocations appear to be fair or not.
(True/False)
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Return on investment for a given investment center can be split into two components: profit margin and investment turnover.
(True/False)
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A company's electronics division had sales of $25 billion,net income of $4 billion,and average invested assets of $5 billion.What is this division's return on investment?
(Multiple Choice)
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Profit margin measures how efficiently an investment center generates sales from its invested assets.
(True/False)
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Match the appropriate shared cost categories with the appropriate allocation bases (a)through (e):
(a) Square footage of floor space.
(b) Number of employees in department.
(c) Sales in department.
(d) Time spent/used in department.
(e) Number of items processed.
(f) Not an allocated cost.
__________ (1) Office expense
__________ (2) Utilities expense
__________ (3) Payroll processing costs
__________ (4) Cleaning costs
__________ (5) Rent
__________ (6) Advertising
__________ (7) Depreciation on departmental equipment
__________ (8) Data processing costs
(Essay)
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Responsibility performance reports usually compare actual costs to the budgeted costs amounts.
(True/False)
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A difficult problem in calculating the total costs and expenses of a department is:
(Multiple Choice)
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