CAPSTONE test 2 study

Consider an organization that has empowered its employees, asking them to improve the quality, productivity, and responsiveness of their processes that involve repetitive work. This work could arise in a manufacturing setting, such as assembling cars or producing chemicals, or in a service setting, such as processing invoices or responding to customer orders and requests. Clearly, the workers would benefit from feedback on the quality (defects, yields) and process times of the work they were doing to suggest where they could make improvements.  Identify the role, if any, for sharing financial information with these employees to help them in their efforts to improve quality, productivity, and process times. Be specific about the types of financial information that would be helpful and the specific decisions or actions that could be made better by supplementing physical and operational information with financial information.

Discussion points:As a plant employee, what is your responsibility to report your findings to superiors?Should you attempt to determine if the redundancy is justified? Explain.What is your responsibility to the employees whose jobs will likely be lost because of your report?What facts should you consider before making your decision to report or not?  (Chapter 17 Ethics Challenge BTN 17-3, Financial & Managerial Accounting: Information for Decisions; Wild, Shaw, and Chiapetta, 7th edition, McGraw-Hill )  I do not really understand this at all. Do you have access to this course material and could help me learn this so i know?

[4] Product costing provides useful decision-making information in relation to all of the following alternatives, but one. Which one? a) Non-manufacturing firms bị Management planning, cost control, and performance evaluation c) Financial reporting dj Developing awareness about the company environmental impacts [5] The main distinction between job costing and process costing is: a) The difference in the level of detail required by each system b) The use made of the costing information c) An accounting difference dj The cost object on which costs are accumulated [6] In its first month of operations, Margherita Ltd produced 100,000 units. 90,000 units were sold. The manufacturing cost per unit was as follows: Direct materials cost Direct labour cost Variable fixed overhead cost Fixed overhead cost Total per unit cost £40 £20 £30 £50 £140 Margherita Ltd's operating income under absorption costing is: a) Lower than variable costing by £500,000 b) Higher than variable costing by £600,000 c)…

All of the following are examples of organization sustaining costs except: Select one a Costs of sampling product quality. ObCosts of cleaning the workplace Oc Costs of custodial work. OdCosts of personnel support

A company can enhance productivity by Blank______. Multiple choice question. replacing existing equipment with manual labour replacing existing equipment with newer models increasing the usage of existing equipment keeping existing equipment

(Ch 8) Which departments in an organization produce services for external customers?   Question 1 options:   Support departments.   Dual-rate departments.   Operating departments.   Sales departments. (Ch 8) When allocating support department costs, managers must identify cost pools.  The choice of cost pools is:   Question 2 options:   not influenced by the allocation base.   not important, because all support department costs will eventually be allocated anyway.   influenced by the design of the accounting information system.   determined by whether a company uses IFRS or ASPE.

Clipboard S Voice Sensitivity Editor systems are designed to provide information to decision makers in the organization with the information they need to accomplish this goal. Therefore, the designers of the cost accounting need to understand how value is created in the organization to design systems for their organiz d-None of these is true. Styles 2-Who are the consumers of cost accounting? a-The customers of cost accounting are managers, from plant managers to the CEO. b-The customers of cost accounting are the employees. c-The customers of cost accounting are consumer groups. d-None of these. 3-The four questions of the critical thinking framework are: 1) What are the relevant question decisions do I need to make)? 2) What are the data relevant to the analysis and where do I fi What are the appropriate tools for analyzing data?, and 4) How can I effectively and persuas communicate the results of my analysis?

Checklist of evidence required Finally, you should reflect on the results of your activity-based costing exercise, by: a) explaining how costs are categorised. b) identifying those cost areas that have the greatest impact on the profitability of the product that you have investigated. c) evaluating the reasons for producing an activity-based cost model. d) explain how ABC model used to improve profitability. A research and problem solving project to explore the costs associated with engineering activities and to complete an activity-based cost model for a product.

Required information Skip to question   Restructure, Outsource or Redesign?   Choosing a strategic direction and evaluating the effectiveness of HR are only the first steps in making an organization competitive in the global environment. The next step is figuring out how to improve human resources based on the strategy and issues that may have been raised during the evaluation process. The effectiveness of HRM can be improved in three main ways. First, a company may decide to restructure the HR function to increase its efficiency. Next, it may outsource certain areas to enhance cost and production effectiveness. Third, a company may reengineer or redesign current HR practices to deliver a higher quality of processes to customers.   In this exercise, please read the mini-case and answer the questions that follow.   Jordan Jacobs sat at his desk, relieved that he had finally completed the evaluation of HRM in his company Scranton, Inc., but concerned about his next moves. He had…

The Balanced Scorecard: Stakeholder Values. In the balanced scorecard approach, stakeholder groups with different perspectives value different performance goals. Sometimes, however, they may be interested in the same goal. Indicate which stakeholder groups—financial (F), learning and growth (L), internal business processes (P), and customers (C)— value the following performance goals:  High wage Safe products. Low-priced products Improved return on investment Job security Cost-effective production processes XYZ Co. wants to know if its profitability performance has increased from 2009 to 2010. The company had net income of $48,000 in 2009 and $50,000 in 2010. Total assets were $480,000 at the end of 2009, and $560,000 at the end of 2010. Calculate return on assets(ROA) for 2009 and 2010and Comment on the results.

not use ai please

Q.Would you have included some measure of employee satisfaction in the learning-and-growth perspective and new-product development in the internal-business-process perspective? That is, do you think employee satisfaction and development of new products are critical for Vic to implement its strategy? Why or why not? Explain briefly.

When allocating support department costs, managers must identify cost pools.  The choice of cost pools is:   Question 2 options:   not influenced by the allocation base.   not important, because all support department costs will eventually be allocated anyway.   influenced by the design of the accounting information system.   determined by whether a company uses IFRS or ASPE.

1.Does a non-profit homeless shelter fit better into a job costing, process costing, or hybrid system? 2.What characteristics about the non-profit homeless shelter suggest the system you selected?