1 Accounting As A Tool For Managers 2 Building Blocks Of Managerial Accounting 3 Cost-volume-profit Analysis 4 Job Order Costing 5 Process Costing 6 Activity-based, Variable, And Absorption Costing 7 Budgeting 8 Standard Costs And Variances 9 Responsibility Accounting And Decentralization 10 Short-term Decision Making 11 Capital Budgeting Decisions 12 Balanced Scorecard And Other Performance Measures 13 Sustainability Reporting Chapter12: Balanced Scorecard And Other Performance Measures
Chapter Questions Section: Chapter Questions
Problem 1MC: Components of the organization that are demotivating for purposes of performance management are... Problem 2MC: When managerial accountants design an evaluation system that is based on criteria for which a... Problem 3MC: Goal congruence in well-designed performance measurement systems best explains a congruence between... Problem 4MC: Responsibility accounting holds managers responsible for _______. A. all costs charged to their... Problem 5MC: Performance measures are only useful if _______. A. there are both controllable and uncontrollable... Problem 6MC: Which of the following is not a characteristic of a good performance measurement system? A. timely... Problem 7MC: A good performance measurement system will align the goals of management with_______. A. the goals... Problem 8MC: What should an organization do if performance measures change? A. Make sure that the manager being... Problem 9MC: A good performance measurement system will include which of the following? A. short-term goals B.... Problem 10MC: Without proper performance measures, goal congruence is almost impossible to achieve and will likely... Problem 11MC: Dixon Construction Materials has collected this information: Based on this Information, what is the... Problem 12MC: The cost of equity is _______. A. the interest associated with debt B. the rate of return required... Problem 13MC: Which of the following measures the profitability of a division relative to the size of its... Problem 14MC: The capital structure of Ridley Enterprises Is: Debt 40%, Equity 60%. The cost of debt is 13%, and... Problem 15MC: Calculate the ROI for Gardner Chemical given the following information: A. 25% B. 24% C. 60% D. 40% Problem 16MC: Which of the following statements is false? A. The four dimensions of performance that are... Problem 17MC: The metrics based on nonfinancial information are known as ______. A. quantitative factors B.... Problem 18MC: The metrics based on financial numbers produced by the accounting system are ________. A.... Problem 19MC: People affected by decisions made by a company, including Investors, creditors, employees, managers,... Problem 20MC: The owners of company stock are ______. A. quantitative factors B. qualitative factors C.... Problem 1Q: Why might a manager focused solely on accounting numbers miss opportunities for future benefits? Problem 2Q: Is there a way to prevent managers from focusing on accounting measures as performance measures? Problem 3Q: Should an organization focus on controllable or uncontrollable factors to effectively implement a... Problem 4Q: What are the components of a strategic plan? Find one of these components for the company you work... Problem 5Q: What are the four types of centers and their corresponding responsibilities? Problem 6Q: What would be wrong with using two points of data in a performance measurement system to tell a... Problem 7Q: Compare and contrast short- and long-term goals for a company. Give an example of each, and explain... Problem 8Q: Can a short-term goal also be a long-term goal? Where is the division, and why is it important for... Problem 9Q: What does goal congruence mean? Provide an example with your explanation. Problem 10Q: What are the six characteristics of a good performance measurement system? Problem 11Q: What is EVA and why is it superior to other performance measures? Problem 12Q: What are the drawbacks to ROI? Give examples of each. Problem 13Q: Describe the history and purpose of the balanced scorecard. Problem 14Q: What are the characteristics of successful balanced scorecards? Problem 1EA: For the following situations, identify whether the description is probably a centralized or... Problem 2EA: For the following descriptions state whether the cost is controllable or uncontrollable by... Problem 3EA: Identify the type of responsibility center (revenue center, cost center, profit center, or... Problem 4EA: Sara has just taken a job as the middle school assistant principal for an area school district.... Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of... Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of... Problem 7EA: Assume Skyler Industries has debt of $4,500,000 with a cost of capital of 7.5% and equity of... Problem 8EA: Why do managers want a high ROI, and how would they strive to increase their ROI? Problem 9EA: Classify each of the following performance measures into the balanced scorecard perspective to which... Problem 1EB: For the following situations identify whether the description is a centralized or decentralized... Problem 2EB: For the following descriptions, state whether the cost is controllable or uncontrollable by... Problem 3EB: Identify the type of responsibility center (revenue center, cost center, profit center, or... Problem 4EB: Padma completed her doctoral degree and has taken a position as an assistant professor at a local... Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of... Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of... Problem 7EB: Assume Plainfield Manufacturing has debt of $6,500,000 with a cost of capital of 9.5% and equity of... Problem 8EB: Though a high ROI is desired, what are some reasons that might lead to a low or decreased ROI? Problem 9EB: Classify each of the following performance measures into the balanced scorecard perspective to which... Problem 1PA: Match each of the following with its appropriate term. Problem 2PA: Florentino Allers is the production manager of Electronics Manufacturer. Due to limited capacity,... Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net... Problem 4PA: Jefferson Memorial Hospital is an investment center as a division of Hospitals United. During the... Problem 5PA: Crawfords Books and Things has a traditional bookstore housed downtown Charlotte. The store has been... Problem 6PA: Coral Creations has strategic plans that call for rapid growth, a limited number of units for each... Problem 1PB: Match each of the following with its appropriate term: Problem 2PB: Oleg Markov is the production manager of NASA Solvents. Due to limited capacity, the company can... Problem 3PB: Evaluate the two departments for Moxie Products. Compare the years performance of the two... Problem 4PB: Banyan Industries has two divisions, a tax rate of 30%, and a minimum rate of return of 20%.... Problem 5PB: Forty years ago, Vinfen was founded as a nonprofit company by psychiatrists and social workers at... Problem 1TP: What combination of quantitative factors and qualitative factors would you like your potential... Problem 2TP: Josh OShea is the manager of the Cardiovascular/Respiratory Laboratory. This department is... Problem 3TP: Kanye Achebe just became the operations manager of Weston Transportation. Weston transports large... Problem 4TP: Which of the performance measures—ROI, RI, or EVA—is best, and why? Explain your answer... Problem 1MC: Components of the organization that are demotivating for purposes of performance management are...
Related questions
Following are aspects of accounting information. Classify each as pertaining more to financial accounting or to managerial accounting .
Transcribed Image Text: 1. Primary users are external
2. Includes more nonmonetary information
3. Focuses more on the future
5. Controlled by GAAP
6. Used in managers' planning decisions
7. Focuses on the whole organization
8. Not constrained by GAAP
4. Uses many estimates and projections
Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.
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