Question 1

The QRT Company collected the following information (in days):   What is the manufacturing cycle time?

Accepted Answer

A) 39.5 days. 
B) 34.0 days. 
C) 32.0 days. 
D) 10.0 days. 
A) 39.5 days. 
B) 34.0 days. 
C) 32.0 days. 
D) 10.0 days.

Question 2

Homer Co.has provided the following information for last year:   The total overhead cost (rounded)is:

Accepted Answer

A) $172,200. 
B) $109,989. 
C) $140,000. 
D) $200,000. 
A) $172,200. 
B) $109,989. 
C) $140,000. 
D) $200,000.

Question 3

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

Accepted Answer

A) Fixation on financial measures. 
B) Reliability of the nonfinancial measures. 
C) Nonfinancial measures decrease goal congruence. 
D) Lack of correlation between nonfinancial measures and financial results. 
A) Fixation on financial measures. 
B) Reliability of the nonfinancial measures. 
C) Nonfinancial measures decrease goal congruence. 
D) Lack of correlation between nonfinancial measures and financial results.

Question 4

The number of defective units is an example of a subjective performance measure.This is an objective measure.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following best describes the customer performance area of the balanced scorecard?

Accepted Answer

A) Indicates how the infrastructure for innovation and long-term growth should contribute to a company's strategic goals. 
B) Indicates how a customer oriented strategy adds financial value. 
C) Indicates how areas of the company should work to add value to customers. 
D) Measures the company's success in adding value to shareholders. 
A) Indicates how the infrastructure for innovation and long-term growth should contribute to a company's strategic goals. 
B) Indicates how a customer oriented strategy adds financial value. 
C) Indicates how areas of the company should work to add value to customers. 
D) Measures the company's success in adding value to shareholders.

Question 6

Which of the following performance measures would be used to evaluate the personnel department performance?

Accepted Answer

A) Number of product recalls. 
B) Percentage of late deliveries. 
C) Number of requests for transfers. 
D) Length of time to fill vacant positions. 
A) Number of product recalls. 
B) Percentage of late deliveries. 
C) Number of requests for transfers. 
D) Length of time to fill vacant positions.

Question 7

Which of the following statements is (are)false? (A)Internal,regional,and local benchmarks should be used for the most important processes and activities in an organization.(B)In general,the use of multiple measures to evaluate performance is better than the use of a single performance measure.

Accepted Answer

A) Only A is false. 
B) Only B is false. 
C) Both A and B are false. 
D) Neither A nor B is false. 
A) Only A is false. 
B) Only B is false. 
C) Both A and B are false. 
D) Neither A nor B is false.

Question 8

The Cascade Machining Co.has the following information for last year:   The partial productivity for metal is:

Accepted Answer

A) 0.040. 
B) 0.080. 
C) 12.500. 
D) 25.000. 
A) 0.040. 
B) 0.080. 
C) 12.500. 
D) 25.000.

Question 9

Monet Co.has provided the following information for last year:   The total labor cost (rounded)is:

Accepted Answer

A) $293,325. 
B) $482,500. 
C) $468,750. 
D) $200,021. 
A) $293,325. 
B) $482,500. 
C) $468,750. 
D) $200,021.

Question 10

Wetter Co.has provided the following information for last year:   The total material cost (rounded)is:

Accepted Answer

A) $293,325. 
B) $582,500. 
C) $300,021. 
D) $200,000. 
A) $293,325. 
B) $582,500. 
C) $300,021. 
D) $200,000.

Question 11

The Nelson Company collected the following information (in days):   What is the manufacturing cycle efficiency?

Accepted Answer

A) 100.0%. 
B) 82.2%. 
C) 63.1%. 
D) 76.5%. 
A) 100.0%. 
B) 82.2%. 
C) 63.1%. 
D) 76.5%.

The QRT Company collected the following information (in days): What is the manufacturing cycle time?

Homer Co.has provided the following information for last year: The total overhead cost (rounded)is:

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

The number of defective units is an example of a subjective performance measure.This is an objective measure.

Which of the following best describes the customer performance area of the balanced scorecard?

Which of the following performance measures would be used to evaluate the personnel department performance?

Which of the following statements is (are)false? (A)Internal,regional,and local benchmarks should be used for the most important processes and activities in an organization.(B)In general,the use of multiple measures to evaluate performance is better than the use of a single performance measure.

The Cascade Machining Co.has the following information for last year: The partial productivity for metal is:

Monet Co.has provided the following information for last year: The total labor cost (rounded)is:

Wetter Co.has provided the following information for last year: The total material cost (rounded)is:

The Nelson Company collected the following information (in days): What is the manufacturing cycle efficiency?

Cost Accounting: Information for Decision Making

Cost Concepts and Behavior

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

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Exam 18: Performance Measurement to Support Business Strategy

The QRT Company collected the following information (in days): What is the manufacturing cycle time?

Homer Co.has provided the following information for last year: The total overhead cost (rounded)is:

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

The number of defective units is an example of a subjective performance measure.This is an objective measure.

Which of the following best describes the customer performance area of the balanced scorecard?

Which of the following performance measures would be used to evaluate the personnel department performance?

Which of the following statements is (are)false? (A)Internal,regional,and local benchmarks should be used for the most important processes and activities in an organization.(B)In general,the use of multiple measures to evaluate performance is better than the use of a single performance measure.

The Cascade Machining Co.has the following information for last year: The partial productivity for metal is:

Monet Co.has provided the following information for last year: The total labor cost (rounded)is:

Wetter Co.has provided the following information for last year: The total material cost (rounded)is:

The Nelson Company collected the following information (in days): What is the manufacturing cycle efficiency?

Cost Accounting: Information for Decision Making

Cost Concepts and Behavior

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