Required: 1. Compute the following measures for 20x1 and 20x3: eteraleciand.cuele time SRSLage or tura erens from new.cusleers (assumconi per ele c. Rascanlege or ver sume eaccusTOe peele e rdayeentory (on enty g. Defective units as a percentage of total units produced h. Total hours of training i. Suggestions per production worker į. Total revenue k. Number of new customers gage.com/stationbluievalindex.htmi?elSBN=97813059707248id=1874562458nbid=5245498anapshotid=5245498dockApplid=1 Print Preview 2. For the measures listed in Requirement 1, list likely strategic objectives, classified according to the four Balance Scorecard perspectives. Assume there is one measure per objective.
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
![Required:
1. Compute the following measures for 20x1 and 20x3:
olecity and cuele time
SRSage or torarrevene from new.cusleners (assumaen pet
elem
c. Rarcaniege or
pasume eaccustoe
g enory (o
g. Defective units as a percentage of total units produced
h. Total hours of training
i. Suggestions per production worker
į. Total revenue
k. Number of new customers
gage.com/stationblulevolindex.html?elSBN=97813059707248id=1874562458nbid=5245438snapshotid=5245498dockApplid=1. 21
Print Preview
2. For the measures listed in Requirement 1, list likely strategic objectives,
classified according to the four Balance Scorecard perspectives. Assume
there is one measure per objective.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a99a929-6208-45a0-ba7f-930926adbd9a%2Fe49c0089-b53d-4176-9d12-fecf8eb9e479%2Fsf5pyd9_processed.jpeg&w=3840&q=75)
![Problem 13.21
Scorecard Measures, Strategy Translation
Objective 2 - Discuss the basic features of the Balanced Scorecard.3 - Explain
how the Balanced Scorecard links measures to strategy.
At the end of 20x1, Mejorar Company implemented a low-cost
strategy to improve its competitive position. Its objective was
to become the low-cost producer in its industry. A Balanced
Ung.cengage.com/statioinbluilevalndex.html?elSBN=97813059707248id=187456245&nbid=5245498snapshotid=5245498dockApplid=1. 1/10
2020
Print Preview
Scorecard was developed to guide the company toward this objective. To
lower costs, Mejorar undertook a number of improvement activities such as
JIT production, total quality management, and activity-based management.
Now, after two years of operation, the president of Mejorar wants some
assessment of the achievements. To help provide this assessment, the
following information on one product has been gathered:
20x1
20x3
Theoretical annual capacity*
Actual production**
Market size (in units sold)
249,600
208,000
249,600
234,000
1,300,000
1,300,000
104,000
83,200
$325
15.6
Production hours available (40 workers)
104,000
140,400
S260
Very satisfied customers
Actual cost per unit
Days of inventory
Number of defective units
7.8
13,000
5,200
Total worker suggestions
Hours of training
Selling price per unit
Number of new customers
104
312
260
S195
5,200
1,040
S195
26,000
"Amount that could be produced given the available production hours; everything produced is sold.
*"Amount that was produced given the available production hours.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a99a929-6208-45a0-ba7f-930926adbd9a%2Fe49c0089-b53d-4176-9d12-fecf8eb9e479%2F638buw_processed.jpeg&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 3 steps with 7 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
![Survey of Accounting (Accounting I)](https://www.bartleby.com/isbn_cover_images/9781305961883/9781305961883_smallCoverImage.gif)
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)