Homework

Homework

Hello, here again! This time i have a 35 multiple choice questions

due this friday at 10...
Hello, here again! This time i have a 35 multiple choice questions due this friday at 10 pm. Accounting (MBA level). Can i share the file with you so you can just highlight the correct answer in each one? Need at least a B to pass course. Thanks!
Show More
Show Less
3/8/2012
F. Naz, Chartered Accountant
Category: Homework
Satisfied Customers: 5,382
Experience: Experience with chartered accountancy
Verified

Customer:

Here 35 questions. Will need just to highlight correct answer. Thank you!

Customer:

1. Customer profitability:

A) is reflected by gross margin.

B) are most accurately measured using traditional costing.

C) are most accurately measured using activity based costing.

D) are most accurately measured using a combination of traditional costing and activity based costing.

2. Staley company has 30 order operators with associated costs of \$1,000,000 per year. Staley calculated that each operator worked about 2,000 hours per year. Allowing for time off, each operator provided about 1,600 or productive work per year. What is the rate per hour for each order entry employee?

A) \$20.83

B) \$28.83

C) \$500.00

D) \$625.00

3. The rate per hour of each order entry employee is \$56.00 per hour. On average, it takes an order entry employee about 0.1 hour to enter the basic customer information for a manual customer order. In addition, manual orders require an operator to spend an additional 0.02 hour to enter each line item on the order. What is the order entry cost associated with a manual order with 10 line items?

A) \$0.30

B) \$5.60

C) \$11.20

D) \$16.80

4. The 80/20 rule:

A) finds that 80% of revenues are generated by the top 20% of the customers.

B) finds that 80% of profits are generated by the top 20% of the customers.

C) can be graphed as the whale curve.

D) finds that 80% of costs are generated by 20% of the customers.

5. The whale curve:

A) graphs sales verses customers.

B) graphs profits verses customers.

C) graphs the 80/20 rule.

D) finds that 80% of costs are generated by 20% of the customers.

6. Service companies:

A) focus more on customer costs and profitability than manufacturing companies.

B) are less customer driven than manufacturing companies..

C) have less variation in demand for organizational resources.

D) None of the above

7. Examining internal operations to see where the company can improve processes to lower costs of serving customers is an example of:

A) process improvements.

B) activity based pricing.

C) managing relationships.

D) the pricing waterfall.

8. Quality engineering costs are an example of:

A) prevention costs.

B) appraisal costs.

C) internal failure costs.

D) external failure costs.

9. Constraints from the theory of constraints may include:

A) the availability of direct materials in manufacturing.

B) linear square feet of display space for a retailer.

C) direct labor in the service industry.

D) All of the above are correct.

10. In ________, all similar equipment or functions are grouped together.

A) a process layout

B) a product layout

C) cellular manufacturing

D) just-in-time production

11. Characteristics of a process layout include:

A) continuous processing.

B) long production paths.

C) small amounts of inventory.

D) no work-in-process storage areas.

12. Lean manufacturing:

A) has a central philosophy that resource spending that does not add value must be eliminated.

B) defines value as any action or process for which the customer is willing to pay.

C) is derived from the Toyota Production System.

D) All of the above are correct.

13. The characteristic of a management accounting and control system that allows employees to customize applications for local decisions is referred to as being:

A) timely.

B) flexible.

C) accurate.

D) in control.

14. , The research development and engineering cycle of the total life-cycle concept which focuses on developing prototypes and production processes is the:

A) research, development, and engineering cycle.

B) manufacturing cycle.

C) product design stage.

D) product development stage.

15. The relevance of information in a MACS includes providing all of the following EXCEPT:

A) the most accurate information possible.

B) a global framework that can be applied uniquely to each division or unit.

C) feedback on performance measures in a timely fashion.

D) different costing methods for each division.

16. Concerns about target costing include all EXCEPT that:

A) attention may be diverted away from other company goals.

B) excessive pressure is put on suppliers.

C) development time may decrease.

D) burnout of design engineers occurs.

17) Target costing differs from traditional costing in all of the following ways EXCEPT:

A) target costing collects market research continually throughout the target costing process rather than as a single event.

B) target costing uses the total-life-cycle concept to minimize ownership costs.

C) traditional costing spends less time on product specification and design.

D) traditional costing uses cross-functional teams to guide the process.

18) Relevant costs for target costing include:

A) variable manufacturing costs.

B) variable manufacturing and variable nonmanufacturing costs.

C) all fixed costs.

D) all future costs, both variable and fixed.

19, Which BEST describes the control function in a management accounting and control system?

A) MACS seeks out areas that are out-of-control but not for corrective action.

B) MACS achieves cost reduction targets that are continually adjusted downward.

C) MACS guides and motivates employees to achieve organizational objectives.

D) MACS ensures performance standard goals are being met.

20. The five stages in the process of keeping an organization in control are:

A) planning, implementing, measuring, evaluating and correcting.

B) planning, executing, monitoring, evaluating and correcting.

C) budgeting, implementing, monitoring, evaluation and feedback.

D) budgeting, executing, measuring, feedback and evaluation.

21. The monitoring phase of the process of control in MACS focuses on:

A) research and development, design, manufacturing, marketing, and service.

B) comparing the planned level to current performance to identify discrepancies.

C) measuring the current level of performance.

D) selecting measures to determine how well objectives are met.

22. Information is relevant in a MACS if:

A) it can be applied in a flexible manner.

B) it is inaccurate.

C) it is inconsistent.

D) it is late.

23. The contemporary management view of motivation, the ________ is based on initiatives to improve the quality of working life.

A) balanced scorecard

B) human resources model of motivation

C) scientific management school

D) results control system

24. A budget should/can do all of the following EXCEPT that it:

A) should be prepared by managers from different functional areas working independently of each other.

B) should be adjusted if new opportunities become available during the year.

C) can help management allocate limited resources.

D) can become the performance standard against which firms can compare the actual results.

The following information is need for questions 25 and 26.

For the next six months, Kurtz Company projects the following information (in units).

 July Aug. Sept. Oct. Nov. Dec. Retail demand 300 300 450 450 600 600 Dealer demand 600 750 900 1,050 1,200 1,350 Shop capacity 1,500 1,500 1,500 1,500 1,500 1,500 Painting capacity 1,050 1,050 1,050 1,800 1,800 1,800

Demand drives production for that month and cannot be carried over from one month to another. Retail customers are satisfied first.

25. The production for July is projected to be:

A) 300 units.

B) 900 units.

C) 1,050 units.

D) 1,500 units.

26. The number of dealer units that will be produced and sold in September is:

A) 900 units.

B) 1,050 units.

C) 1,500 units.

D) 600 units.

The following information is need for questions 27 through 30.

The following information for the second quarter of 2011 pertains to Huffington Company:

 Month Sales Purchases April \$90,000 \$48,000 May \$120,000 \$60,000 June \$150,000 \$84,000

• Cash is collected from customers in the following manner:

 Month of sale 30% Month following the sale 70%

• 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month.

• Labor costs are 20% of sales. Other operating costs are \$45,000 per month (including \$12,000 of depreciation). Both of these are paid in the month incurred.

•The cash balance on June 1 is \$6,000. A minimum cash balance of \$4,500 is required at the end of the month. Money can be borrowed in multiples of \$3,000.

•No loans outstanding on June 1.

27. How much cash will be collected from customers in June?

A) \$129,000

B) \$141,000

C) \$150,000

D) None of the above is correct.

28. How much cash will be paid to suppliers in June?

A) \$69,600

B) \$56,000

C) \$88,000

D) None of the above is correct.

29. How much cash will be disbursed for labor and operating costs in June?

A) \$63,000

B) \$70,000

C) \$88,400

D) \$96,400

30. What is the ending cash balance for June?

A) (\$50,000)

B) \$6,000

C) \$5,400

D) \$11,400

31. Measure of financial control highlight:

A) falling profits.

B) poor quality.

C) high prices.

D) unsatisfactory service.

32. All of the following are reasons that financial control may be an ineffective scorecard EXCEPT that:

A) it fails to identify the causes or drivers of performance.

B) it focuses on financial measures while ignoring other important attributes of performance.

C) it focuses on long-term rather than short-term performance measures.

D) it is an aggregate, rather than a detailed measure of performance.

33. Performance measures for financial control include all of the following EXCEPT:

A) reduced cycle times.

B) ROI ( return on investment) and economic value added.

C) profit.

D) cost.

34. In a decentralized organization:

A) local-division managers have less control over their business segments.

B) there are few deviations from the standardized way of doing things.

C) front-line employees are not trained to respond to changes in the business environment.

D) decisions are made by the managers most familiar with the problems and opportunities.

35. In a centralized organization:

A) local-division managers do not need higher approval for most business decisions.

B) company-wide standard operating procedures are common.

C) local-division managers have an opportunity to gain decision-making experience.

D) decisions are made by local division managers.

I will try my best to give answer in next 24 houts, thanks.

Customer:

I can ask for an extension to saturday morning if needed, i prefer that than incorrect answers so please take your time until saturday morning is you need to. Thank you!!!!

These are too many, the fair price is \$65
Customer reply replied 5 years ago
I initially stated 35 questions and is only to highlight the correct answer, no calculations are required. Unfortunatelly my budget is not as high as i am also engaged in other questions beside this ones. Can you do it for \$50?
ok I will try me best to give the answer in next 12 hours
Would you like to ask this question?
F. Naz, Chartered Accountant
Category: Homework
Satisfied Customers: 5,382
Experience: Experience with chartered accountancy
Verified
F. Naz, Chartered Accountant
Category: Homework
Satisfied Customers: 5,382
5,382 Satisfied Customers
Experience: Experience with chartered accountancy

F. Naz is online now

A new question is answered every 9 seconds

• Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
• Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

Meet the Experts:

LogicPro

Engineer

5,731 satisfied customers

Expert in Java C++ C C# VB Javascript Design SQL HTML

Manal Elkhoshkhany

Tutor

4,551 satisfied customers

More than 5000 online tutoring sessions.

Linda_us

Finance, Accounts & Homework Tutor

3,138 satisfied customers

Post Graduate Diploma in Management (MBA)

Chris M.

M.S.W. Social Work

2,636 satisfied customers

Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)

F. Naz

Chartered Accountant

5,382 satisfied customers

Experience with chartered accountancy

Bizhelp

CPA

1,887 satisfied customers

Bachelors Degree and CPA with Accounting work experience

Seanna

Tutor

1,781 satisfied customers

3,000+ satisfied customers, all topics, A+ work

< Previous | Next >

Related Homework Questions
Looking for some help creating this project. This is not due
looking for some help creating this project. This is not due for three weeks. So i am looking for completion byFebruary 9th. I will attach the files need to complete this project. Thanks.… read more
The-PC-Guy
Bachelor\u0027s Degree
629 satisfied customers
Thank you for the last answer! It was great. Are you able to
Hello David! Thank you for the last answer! It was great. Are you able to do this one by next Tuesday evening by 12 midnight? Thanks again! Matthew… read more
David L.
Bachelor\u0027s Degree
6 satisfied customers
For LogicPro only Implement the Singly linked list interface
For LogicPro onlyImplement the Singly linked list interface to store the data from Words.txt (used in lab0). Demonstrate that the list of words does print in reverse using the 'prev' node (rather than… read more
LogicPro
Engineer
Bachelor of Technology
5,731 satisfied customers
Looking for some help writing these python codes. I have
Looking for some help writing these python codes. I have attached the code layout and what needs to be included as well as documentation as to how the code was created.Each program must have its own e… read more
LogicPro
Engineer
Bachelor of Technology
5,731 satisfied customers
I need help writing 2 poems in spanish, The listening
The listening passage for this examination consists of two poems. You'll hear the poems three times. These poems are to be written in Spanish as you hear them spoken on the tape. The listening passage for this examination consists of two poems. You'll hear the poems three times. These poems are to be written in Spanish as you hear them spoken on the tape. http://lessons.pennfoster.com/vid/Listening-Comprehension_Side-A_EQ0850.mp3 … read more
Cher
Masters Degree
1,381 satisfied customers
Answer, I am a paid member for service from Just Answer.I am
Dear Just Answer,I am a paid member for service from Just Answer.I am working in Excel. I need assistance in providing me a formula for totaling the number of similar numbers in a column of data (900+… read more
Master's Degree
180 satisfied customers
In an industrial setting, a pipe is plugged with fats, oils
In an industrial setting, a pipe is plugged with fats, oils and greases. Can you use steam, inside the pipe, to clear the plug? One coworker says yes, another says no. The reasoning behind the no is t… read more
David L.
Bachelor\u0027s Degree
6 satisfied customers
For LogicPro only: Design a C++ program in which a class
For LogicPro only: Design a C++ program in which a class should manage the free and allocated space. You should use a dynamic node implementation of link list to implement both lists for this assignme… read more
LogicPro
Engineer
Bachelor of Technology
5,731 satisfied customers
You can apply several different worksheets themes from which
You can apply several different worksheets themes from which tab? A.Insert, B. Home, C.File, or D. Page layout! Its not B What would be a situations in which you could use an excel chart to present yo… read more
GLENN
Master of Mathematics
345 satisfied customers
6. How many worksheets display in the Excel window when you
6. How many worksheets display in the Excel window when you create a new blank workbook? A. 3 B. 2 C. 4 D. 1 Student Answer: A Answer: Incorrect Reference: Objective 2.17. What would be a situation in… read more
Software Developer
Associate Degree
38 satisfied customers
Question 18 of 20: Select the best answer for the question.
Question 18 of 20 : Select the best answer for the question. 18. What size paper should you use for a legal document? A. 3″ × 5″ B. 8½″ × 11″ C. 7¼″ × 10½″ D. 8½″ × 14″… read more
JA Engineer
Diploma (Honors)
163 satisfied customers
I need help with Exam Number: 00701400 Lesson Name: General
I need help with Exam Number: 00701400Lesson Name: General Math I, Study Unit 2 Pennfoster test… read more
GLENN
Master of Mathematics
345 satisfied customers
Answer all three questions and don't exceed 600 words for
Answer all three questions and don't exceed 600 words for each answer while using at least two references to support your answers for each question adopting APA citation in the text and in the referen… read more
F. Naz
Chartered Accountant
5,382 satisfied customers
QUESTION 1 A(n) _________________ policy are codified as
QUESTION 1A(n) _________________ policy are codified as standards and procedures that are used when configuring or maintaining systems.0.10000 points Save AnswerQUESTION 2In systems analysis and desig… read more
F. Naz
Chartered Accountant
5,382 satisfied customers
I need all the questions answered inthis pdf! I need all
I need all the questions answered inthis pdf! I need all sixty questions on all 21 pages answered!… read more
Steven, M.Acc.
Instructor
Master\u0027s Degree
252 satisfied customers
Exam Number: 584002RR I need all t he questions answered in
Exam Number: 584002RR I need all t he questions answered in excel in this pdf file now! Asap!… read more
The-PC-Guy
Bachelor\u0027s Degree
629 satisfied customers
How do you differentiate between an expression and an
How do you differentiate between an expression and an equation? Provide an example of each, where the two are either related to or similar to each other. … read more
GLENN
Master of Mathematics
345 satisfied customers
Duane will use an open system LAN because he knows the open
Duane will use an open system LAN because he knows the open system will support varieties of hardware and software components made by different vendors. Steve will use a closed system LAN because he k… read more
Chris M.
M.S.W. Social Work
Master's Degree
2,636 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less