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 Chapter9: Responsibility Accounting And Decentralization
Chapter Questions Section: Chapter Questions
Problem 1MC: Which of the following is nor a common goal of an organization? A. operational efficiency B. being... Problem 2MC: Which of the following does not describe a management control system? A. establishes a companys... Problem 3MC: In centralized organizations, primary decisions are made by __________. A. an individual at the top... Problem 4MC: A key advantage of a decentralized organization is _________. A. increased administrative costs B.... Problem 5MC: Strategic decisions occur ______. A. frequently and involve immediate decisions B. frequently and... Problem 6MC: Segments are uniquely identifiable components of the business and can be categorized by all of the... Problem 7MC: Organizational charts _____. A. list the salaries of all employees B. outline the strategic goals of... Problem 8MC: In a centralized organization, where are goals established? A. at the lower level of the... Problem 9MC: Managers in decentralized organizations make decisions relating to all of the following... Problem 10MC: Which of the following is not a type of responsibility center? A. concentrated cost center B.... Problem 11MC: A system that establishes financial accountability for operating segments within an organization is... Problem 12MC: A responsibility center in which managers are held accountable for both revenues and expenses is... Problem 13MC: A responsibility center structure that considers investments made by the operating segments by using... Problem 14MC: An important goal of a responsibility accounting framework is to help ensure which of the following?... Problem 15MC: Costs that a company or manager can influence are called _______. A. discretionary costs B. fixed... Problem 16MC: An example of an uncontrollable cost would include all of the following except______. A. real estate... Problem 17MC: Internal costs that are charged to the segments of a business are called_______. A. controllable... Problem 18MC: A transfer pricing arrangement that uses the price that would be charged to an external customer is... Problem 19MC: A transfer pricing structure that considers the opportunity costs of selling to internal rather than... Problem 1Q: What is a management control system? What are its components and how does the system help the... Problem 2Q: Identify and describe the levels of management, including the various types of decisions managers at... Problem 3Q: Discuss the difference between centralized and decentralized organizations. Does the size of the... Problem 4Q: Identity a company where you recently shopped. Assume the company operates with a decentralized... Problem 5Q: Discuss the difference between daily and strategic decisions. Think of a business and provide an... Problem 8Q: Define segments and describe how identifying segments within a business might help manage the... Problem 9Q: Choose a company and describe how a specific issue, policy, or procedure (for example, granting... Problem 10Q: Choose a company and explain how a specific issue, policy, or procedure (for example, granting... Problem 11Q: Assume you are the manager of a local Starbucks. What factors do you feel would be relevant to... Problem 12Q: Assume you are the manager of a local Starbucks. What factors do you feel would be relevant to... Problem 15Q: Lavell started out mowing lawns in the neighborhood when he was 13 years old. He did such good work... Problem 16Q: Describe the concept of responsibility accounting. Problem 17Q: Describe the concept of a cost center and, using a specific organization, give an example of how... Problem 18Q: Describe the concept of a profit center and, using a specific organization, give an example of how... Problem 19Q: Explain the benefits of a return on investment structure within an investment center framework. It... Problem 20Q: Explain the benefits of a residual income structure within an investment center framework. It may... Problem 21Q: Discuss the concept of controllable and uncontrollable costs and how they affect the evaluation of... Problem 22Q: Discuss the concept of transfer pricing. Problem 23Q: Discuss the advantages and disadvantages of a market-based transfer pricing approach. Problem 24Q: Discuss the advantages and disadvantages of a cost-based transfer pricing approach. Problem 25Q: Discuss the advantages and disadvantages of a negotiated transfer pricing approach. Problem 1EA: Assume you have been hired by Hilton Hotels and Resorts. As part of your new role in the accounting... Problem 2EA: Consider the national nonprofit organization the American Red Cross. Assume you are the regional... Problem 3EA: The following information is from Bluff Run Golf Courses. The company runs three courses and the... Problem 4EA: The following information is from Daves Sporting Goods. Daves is a Midwest sporting goods store with... Problem 5EA: Assume you are the department B manager for Marleys Manufacturing. Marleys operates under a... Problem 6EA: As manager of department B in MarIeys Manufacturing, based on the costs you identified in the... Problem 7EA: Based on your research of the market in the previous exercises, you have determined the market price... Problem 8EA: Using the information in the previous exercises about Marleys Manufacturing, determine the operating... Problem 1EB: Assume you have been hired by Cabelas Sporting Goods. As part of your new role in the accounting... Problem 2EB: Assume you are the regional manager for a hotel chain. You receive the quarterly financial reports... Problem 3EB: The following information is from Dessert Dynasty. The company runs three stores and the December... Problem 4EB: The following information is from Good Read Books. Good Read is a regional book store with three... Problem 5EB: Assume you are the warehouse manager for Vinnies Vinyls, a multi-location business specializing in... Problem 6EB: As manager of the warehouse for Vinnies Vinyls, based on this analysis and the items you identified... Problem 7EB: Discuss how, as warehouse manager for Vinnies Vinyls, you view the different rate of allocated costs... Problem 8EB: Determine the operating income for Vinnies Vinyls West score, assuming the warehouse allocation is... Problem 1PA: Use the following information to answer the questions that follow. A. Calculate the operating income... Problem 3PA: The income statement comparison for Forklift Material Handling shows the income statement for the... Problem 4PA: Assume you are the leather department manager at the Famous Football Factory. The leather department... Problem 5PA: Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an... Problem 6PA: Using the information from BDS Enterprises, prepare the income statement to include all costs, but... Problem 7PA: Management of Great Springs Bottled Water Company has asked you, the controller, to develop a... Problem 8PA: The following revenue data were taken from the December 31, 2017, Coca-Cola annual report (10-K):... Problem 1PB: Use the following information to answer the questions that follow. A. Calculate the operating income... Problem 3PB: The income statement comparison for Rush Delivery Company shows the income statement for the current... Problem 4PB: Assume you are the manager for the semi-trucks division at the Speedy Delivery Company. The... Problem 5PB: Financial information for Lighthizer Trading Company for the fiscal year-ended September 30, 20xx,... Problem 6PB: Using the information for Lighthizer Trading Company, prepare the income statement to include all... Problem 7PB: Management of Green Peak Tea Company has asked you, the controller, to develop a transfer pricing... Problem 8PB: The following revenue data were taken from the December 31, 2017, General Electric annual report... Problem 1TP: You have just been elected president of a brand-new service club on campus. The club is part of a... Problem 19Q: Explain the benefits of a return on investment structure within an investment center framework. It...
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