Morgenstern Corporation keeps careful track of the time required to fill orders.The times recorded for a particular order appear below: \[\begin{array} { | l | c | } \hline & \text { Hours } \\ \hline \text { Processing Time } & 1.6 \\ \hline \text { Inspection Time } & 0.1 \\ \hline \text { Moving Time } & 2.6 \\ \hline \text { Storing Time } & 7.2 \\ \hline \end{array}\]The manufacturing cycle efficiency (MCE)was closest to:

A) 0.05. B) 0.57. C) 0.14. D) 0.16. A) 0.05. B) 0.57. C) 0.14. D) 0.16.

The Majors Company collected the following information (in days): \[\begin{array} { | l | r | } \hline \text { Inspecting product } & 4 \\ \hline \text { Transporting product } & 6 \\ \hline \text { Storing product } & 15 \\ \hline \text { Manutacturing product } & 40 \\ \hline \end{array}\] What is the manufacturing cycle time?

A) 21 days. B) 65 days. C) 55 days. D) 46 days. A) 21 days. B) 65 days. C) 55 days. D) 46 days.

Steinwand Corporation keeps careful track of the time required to fill orders.Data concerning a particular order appear below: \[\begin{array} { | l | c | } \hline & \text { Hours } \\ \hline \text { Processing Time } & 1.9 \\ \hline \text { Inspection Time } & 0.2 \\ \hline \text { Moving Time } & 2.8 \\ \hline \text { Storing Time } & 7.2 \\ \hline \end{array}\] The manufacturing cycle efficiency (MCE)was closest to:

A) 0.24. B) 0.16. C) 0.92. D) 0.08. A) 0.24. B) 0.16. C) 0.92. D) 0.08.

The Boxwood Machining Co.has the following information for last year: \[\begin{array} { | l | r | } \hline \text { Tons of metal input } & 28,000 \\ \hline \text { Labor hours } & 10,000 \\ \hline \text { Overhead costs } & \$ 125,000 \\ \hline \text { Tons of output produced } & 20,000 \\ \hline \end{array}\]The partial productivity for labor is:

A) 2.800. B) 2.000. C) 0.526. D) 0.500. A) 2.800. B) 2.000. C) 0.526. D) 0.500.

The California Machining Co.has the following information for last year: \[\begin{array} { | l | r | } \hline \text { Feet of metal input } & 150,000 \\ \hline \text { Labor hours } & 12,000 \\ \hline \text { Tons of output produced } & 6,000 \\ \hline \end{array}\]The partial productivity for labor is:

A) 12.500. B) 2.000. C) 0.500. D) 0.120. A) 12.500. B) 2.000. C) 0.500. D) 0.120.

Exam 18: Performance Measurement to Support Business Strategy

________ communicates an organization's strategy into an inclusive set of performance measures that provide the structure for implementing that strategy.

(Multiple Choice)

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Question 81

One question that an organization's mission statement should answer is how the organization will evaluate its performance relative to its competitors.

(True/False)

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Question 82

Which of the following is not a difficulty in implementing nonfinancial performance measurement systems?

(Multiple Choice)

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Question 83

A subjective performance measure is one where:

(Multiple Choice)

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Question 84

Morgenstern Corporation keeps careful track of the time required to fill orders.The times recorded for a particular order appear below: Hours Processing Time 1.6 Inspection Time 0.1 Moving Time 2.6 Storing Time 7.2 The manufacturing cycle efficiency (MCE)was closest to:

(Multiple Choice)

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Question 85

Melbourne,Inc.has provided the following information for last year: Pounds of input 42,000 @\ 18 pound Labor hours 11,000 @\ 24 hour Overhead costs \ 187,000 Units of output produced 33,000 @ selling price of \ 85 unit Required: Calculate the partial productivity for: a.Metal.b.Labor.

(Essay)

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Question 86

One of the important guidelines of benchmarking is to not benchmark everything at the best-in-the-business level;no organization can be the best at everything.

(True/False)

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Question 87

The Gantry Company collected the following information (in days)for November and December. Nowember December Transporting product 2.0 3.0 Processing product 6.0 7.0 Inspecting product 1.0 0.8 Storing product 2.0 3.0 Required: a.Calculate the manufacturing cycle efficiency for November and December.b.Assume January's processing time will be the same as December's.If Gantry's target for manufacturing cycle efficiency is 65%,what will be January's target for non-processing times?

(Essay)

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Question 88

The Satin Manufacturing Company collected the following information (in days)for July and August. July August Transporting product 2.0 3.0 Processing product 17.0 18.0 Inspecting product 0.5 1.2 Storing product 7.0 7.0 Required: a.Calculate the manufacturing cycle efficiency for July and August.b.Assume September's processing time will be the same as August's.If Satin's target for manufacturing cycle efficiency is 65%,what will be September's target for manufacturing cycle time?

(Essay)

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Question 89

The Majors Company collected the following information (in days): Inspecting product 4 Transporting product 6 Storing product 15 Manutacturing product 40 What is the manufacturing cycle time?

(Multiple Choice)

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Question 90

Describe the four common perspectives that are used in the balanced scorecard.

(Essay)

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Question 91

Steinwand Corporation keeps careful track of the time required to fill orders.Data concerning a particular order appear below: Hours Processing Time 1.9 Inspection Time 0.2 Moving Time 2.8 Storing Time 7.2 The manufacturing cycle efficiency (MCE)was closest to:

(Multiple Choice)

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Question 92

Which of the following represents value-added time in the manufacturing cycle?

(Multiple Choice)

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Question 93

Functional performance measures differ from customer satisfaction performance measures in that they are used primarily to evaluate:

(Multiple Choice)

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Question 94

The Boxwood Machining Co.has the following information for last year: Tons of metal input 28,000 Labor hours 10,000 Overhead costs \ 125,000 Tons of output produced 20,000 The partial productivity for labor is:

(Multiple Choice)

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Question 95

A balanced scorecard is basically a balance sheet prepared using nonfinancial measures.

(True/False)

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Question 96

The California Machining Co.has the following information for last year: Feet of metal input 150,000 Labor hours 12,000 Tons of output produced 6,000 The partial productivity for labor is:

(Multiple Choice)

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Question 97

At the upper level of the organization,performance measurement focuses on whether the organization is meeting its responsibilities and performing well from the stakeholders' perspective.

(True/False)

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Question 98

One disadvantage of using nonfinancial measures to evaluate performance is that they are only available on a monthly,quarterly,or annual basis.

(True/False)

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Question 99

Which of the following balanced scorecard perspectives focuses on shareholder's interests?

(Multiple Choice)

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Question 100

________ communicates an organization's strategy into an inclusive set of performance measures that provide the structure for implementing that strategy.

One question that an organization's mission statement should answer is how the organization will evaluate its performance relative to its competitors.

Which of the following is not a difficulty in implementing nonfinancial performance measurement systems?

A subjective performance measure is one where:

Morgenstern Corporation keeps careful track of the time required to fill orders.The times recorded for a particular order appear below: Hours Processing Time 1.6 Inspection Time 0.1 Moving Time 2.6 Storing Time 7.2 The manufacturing cycle efficiency (MCE)was closest to:

Melbourne,Inc.has provided the following information for last year: Pounds of input 42,000 @\ 18 pound Labor hours 11,000 @\ 24 hour Overhead costs \ 187,000 Units of output produced 33,000 @ selling price of \ 85 unit Required: Calculate the partial productivity for: a.Metal.b.Labor.

One of the important guidelines of benchmarking is to not benchmark everything at the best-in-the-business level;no organization can be the best at everything.

The Majors Company collected the following information (in days): Inspecting product 4 Transporting product 6 Storing product 15 Manutacturing product 40 What is the manufacturing cycle time?

Describe the four common perspectives that are used in the balanced scorecard.

Steinwand Corporation keeps careful track of the time required to fill orders.Data concerning a particular order appear below: Hours Processing Time 1.9 Inspection Time 0.2 Moving Time 2.8 Storing Time 7.2 The manufacturing cycle efficiency (MCE)was closest to:

Which of the following represents value-added time in the manufacturing cycle?

Functional performance measures differ from customer satisfaction performance measures in that they are used primarily to evaluate:

The Boxwood Machining Co.has the following information for last year: Tons of metal input 28,000 Labor hours 10,000 Overhead costs \ 125,000 Tons of output produced 20,000 The partial productivity for labor is:

A balanced scorecard is basically a balance sheet prepared using nonfinancial measures.

The California Machining Co.has the following information for last year: Feet of metal input 150,000 Labor hours 12,000 Tons of output produced 6,000 The partial productivity for labor is:

At the upper level of the organization,performance measurement focuses on whether the organization is meeting its responsibilities and performing well from the stakeholders' perspective.

One disadvantage of using nonfinancial measures to evaluate performance is that they are only available on a monthly,quarterly,or annual basis.

Which of the following balanced scorecard perspectives focuses on shareholder's interests?

Cost Accounting: Information for Decision Making

Fundamentals of Cost-Volume-Profit Analysis

Fundamentals of Cost Analysis for Decision Making

Cost Estimation

Fundamentals of Product and Service Costing

Job Costing

Process Costing

Activity-Based Costing

Fundamentals of Cost Management

Service Department and Joint Cost Allocation

Fundamentals of Management Control Systems

Planning and Budgeting

Business Unit Performance Measurement

Transfer Pricing

Fundamentals of Variance Analysis

Additional Topics in Variance Analysis

Filters

Exam 18: Performance Measurement to Support Business Strategy

________ communicates an organization's strategy into an inclusive set of performance measures that provide the structure for implementing that strategy.

One question that an organization's mission statement should answer is how the organization will evaluate its performance relative to its competitors.

Which of the following is not a difficulty in implementing nonfinancial performance measurement systems?

A subjective performance measure is one where:

Morgenstern Corporation keeps careful track of the time required to fill orders.The times recorded for a particular order appear below: Hours Processing Time 1.6 Inspection Time 0.1 Moving Time 2.6 Storing Time 7.2 The manufacturing cycle efficiency (MCE)was closest to:

Melbourne,Inc.has provided the following information for last year: Pounds of input 42,000 @\ 18 pound Labor hours 11,000 @\ 24 hour Overhead costs \ 187,000 Units of output produced 33,000 @ selling price of \ 85 unit Required: Calculate the partial productivity for: a.Metal.b.Labor.

One of the important guidelines of benchmarking is to not benchmark everything at the best-in-the-business level;no organization can be the best at everything.

The Majors Company collected the following information (in days): Inspecting product 4 Transporting product 6 Storing product 15 Manutacturing product 40 What is the manufacturing cycle time?

Describe the four common perspectives that are used in the balanced scorecard.

Steinwand Corporation keeps careful track of the time required to fill orders.Data concerning a particular order appear below: Hours Processing Time 1.9 Inspection Time 0.2 Moving Time 2.8 Storing Time 7.2 The manufacturing cycle efficiency (MCE)was closest to:

Which of the following represents value-added time in the manufacturing cycle?

Functional performance measures differ from customer satisfaction performance measures in that they are used primarily to evaluate:

The Boxwood Machining Co.has the following information for last year: Tons of metal input 28,000 Labor hours 10,000 Overhead costs \ 125,000 Tons of output produced 20,000 The partial productivity for labor is:

A balanced scorecard is basically a balance sheet prepared using nonfinancial measures.

The California Machining Co.has the following information for last year: Feet of metal input 150,000 Labor hours 12,000 Tons of output produced 6,000 The partial productivity for labor is:

At the upper level of the orga­nization,performance measurement focuses on whether the organization is meeting its responsibilities and performing well from the stakeholders' perspective.

One disadvantage of using nonfinancial measures to evaluate performance is that they are only available on a monthly,quarterly,or annual basis.

Which of the following balanced scorecard perspectives focuses on shareholder's interests?

Cost Accounting: Information for Decision Making

Fundamentals of Cost-Volume-Profit Analysis

Fundamentals of Cost Analysis for Decision Making

Cost Estimation

Fundamentals of Product and Service Costing

Job Costing

Process Costing

Activity-Based Costing

Fundamentals of Cost Management

Service Department and Joint Cost Allocation

Fundamentals of Management Control Systems

Planning and Budgeting

Business Unit Performance Measurement

Transfer Pricing

Fundamentals of Variance Analysis

Additional Topics in Variance Analysis

Filters

At the upper level of the organization,performance measurement focuses on whether the organization is meeting its responsibilities and performing well from the stakeholders' perspective.