Production managers are not concerned about the capacity because capacity creation does not require any investment. Select one: False. True.
Q: explain why GAAP requires full absorption costing (instead of variable costing) if absorption…
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A: Introduction:- Management (or management) is the administration of a company, whether for-profit,…
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A: Cost Benefit Analysis: Cost benefit analysis is conducted to determine whether the proposed system…
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A:
Q: Which of the following is not a true statement about variable costs? O a. Total cost is known to…
A: Variable Cost Variable cost which is described as the cost which are incurred to the business entity…
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A: There are 3 main types of cost: a. Variable cost b. Fixed cost b. Mixed Costs Variable costs are…
Q: 2. Which of the following statements is false? (You may select more than one answer.)a. The planning…
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A: The managers often assume the strictly linear relationship between the cost and the level of…
Q: Which of the following is not a criticism of using ROI as the only performance measure?
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A: The cause and effect analysis is one of the factors for making cost allocation decisions. The cost…
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A: Lean methodology eliminates waste to the core in a process and ensures that reduction in delays…
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A: The Following statement is True because Residual Income is much better than Return on Investment…
Q: “Managers will always choose the alternative that maximizes operating income or minimizes costs in…
A: Operating income: Income that is derived from business revenues after deducting operating expenses…
Q: It is ridiculous to suggest that process costing may also be suited to service firms, as services…
A: Process Costing: It is a method of cost accounting where manufacturing costs are collected and…
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A: Firstly let us understand what is the theoretical production capacity is the optimum production…
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A: The question is based on the concept of bottom line of a company and its relationship with high cost
Q: minimize overall risk
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Q: In what way can the use of ROI as a performance measure for investment centers lead to bad…
A: ROI: It is a measure on the amount of return on a particular investment with respect to the…
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A: A very common outsourcing scenario is the decision of a company to produce a component that is…
Q: Why should managers worry about product overcosting or undercosting?
A: A product is said to be over costing when it consumes low level of resources but is reported to have…
Q: In what ways might using ROI as a performance indicator for investment centers lead to poor…
A: ROI: It measures the amount of return on a specific investment to the cost of the investment. The…
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A: if a manager constrained by limiting resource, he can be to produce those products which have the…
Q: plain how the cost per equivalent unit might be misleading to managers, particularly when a…
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A: Transfer Pricing Transfer prices are required when profit centres are utilised to determine the…
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Q: Which is not true in lean manufacturing? a) Process flexibility results in market responsiveness b)…
A: Lean manufacturing is a system that enhances customer value and always strives towards improvement…
Q: Wrong allocation of common costs lead to A. Inaccurate estimation of cost of products or…
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A: When constrained by some budget or limited sources managers often try to make products which lie in…
Q: Why do product costing systems using a single, volume-based cost driver tend to overcost highvolume…
A: Costing: Costing is a technique used in cost accounting to determine the cost of a product. With…
Q: Why do product-costing systems based on a single, volume-based cost driver tend to over-cost…
A: Single volume-based cost driver means the basis of allocation of costs to particular products using…
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A: In case of company manager play an important role in order to run the company and perform their…
Q: How may using ROI as a success indicator for investment centers lead to poor decisions? How does the…
A: ROI: It calculates the amount of return on a particular investment about the investment's cost. The…
Q: A company with an advanced manufacturing environment typically will have a higher break-even point,…
A: Advanced manufacturing environment: It can be defined as a situation where a strong competition…
Q: How can poor quality be expensive to the firm, especially if low-cost raw materials are used to…
A: The final objective of Cost Accounting is to reduce cost. Every firm wants to reduce cost thereby…
Q: Why might a manager exhibit a behavioral tendency to inappropriately consider sunk costs in making a…
A: Sunk Costs: Sunk costs are those costs incurred in the past and it cannot be changed unless if any…
Q: Which of the following is not an advantage of participative budgeting?a. It encourages budgetary…
A: Participatory budgeting involves lower-level management personnel in the creation of the budget.…
Q: In what way can the use of ROI as a performance measure for investment centers lead to baddecisions?
A: Return On Investment (ROI): It is a measure on the amount of return on a particular investment with…
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- (Choose one) Note: Provide the accurate solution and provide eexplanation for correct and incorrect options. MCQ Question: To improve the flow to your customer you need to a . Look through the eyes of the customer b. EEliminate process waste c. Eliminate waste in time and space d. Go and see for yourselfCOGS??? COGM??? Total manufacturing costs Please don't give solution in an image format thankuThe relevant range refers to: Select one: Ⓒa. a particular range of production where cost behavior remains the same. b. a particular range of production wherein fixed costs remain constant. c. a particular range of production where total contribution margin remains the same. d. a particular range of production where no mixed costs are incurred. Q Search with Bing 0 ***
- Which of the following is an advantage of a newly installed Enterprise Resource Planning (ERP) system? Select one: A. As data is entered once only, it becomes easier to detect accuracy and completeness errors B. They typically cost very little to implement C. Accountability and responsibility may be less clear which often improves employee morale D. Information may be accessed across organisational functions assisting with better decision makingIdentify which of the statements below are true (T) or false (F). Lean businesses aim to: Reduce wait time.Some managers believe machine performance is more important in a JIT environment than in a non-JIT environ-ment. Do you agree or disagree? Explain your answer.
- Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $320,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Quarterly Output 11,800 pounds 18,500 pounds 3,000 gallons Product Selling Price $14.00 per pound $ 8.00 per pound $20.00 per gallon A Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Additional Processing Costs $56,850 $80,875 $31,300 Selling Price $18.50 per pound $13.50 per pound $27.50 per gallon Product В C Required: 1. What is the financial advantage (disadvantage) of further processing each of the…Which of the following is false? O In an activity on node (AON) network diagram, the arrows represent immediate predecessors. O A matrix project structure suffers from the problem of "two bosses". O If an activity is critical, its slack equals zero, O The early start time of an activity is equal to the activity's early finish time minus its duration. O None of the other responses is the correct answer.choose the letter 10x ≤ 30 is a mathematical model for a production constraint. Constraint is also referred to as limitation or restriction. *a. Both statements are true.b. Only the first statement is false.c. Both statements are false.d. Only the first statement is true.
- What is the difference between line and staff activities? Give an example of each. In a flat world where profit margins are growing thinner and more and more data resides on cyber clouds, is it better to be a line or staff worker?In the past there was concern about a “productivity paradox” related to IT services. More recently, there have been few references to this phenomenon. Using the Internet, explain the term “productiv- ity paradox.” Why do you think that the discussion of that topic has faded?Which of the following are reasonable ways to deal with excess demand? (select ALL correct answers) increase advertising reduce prices reduce advertising use all available capacity to make the product with the highest CM per unit of capacity