Value streams are useful in decision-making because:   Multiple Choice   Special orders can be evaluated within the context of the value stream.   They help to highlight improved efficiency in the plant.   Irrelevant costs are identified.   They identify all value-added products and services.   Lean thinking produces costlier products.

Q: Discuss how the strategic management accounting technique target costing could offer Green…

A: Target costing is a strategic cost management technique, it helps in cost reduction of the entity…

Q: Absorption costing and marginal costing are product costing methods used in organizations. Briefly…

A: Introduction:- Absorption costing, often known as "full costing," is a managerial accounting…

Q: Some managers believe machine performance is more important in a JIT environment than in a non-JIT…

A:

Q: ABC systems get more accurate as more activities are identified and analyzed. Critique the following…

A: The statement "A company should look to break its production process into as many activities as…

Q: es may be necessary. keeping in mind that changes are taking place in the business environment due…

A: The business environment never rests. Regulations are always changing, global competition continues…

Q: Describe the benefits and drawbacks of several of the new approaches to reward systems. Which ones…

A: To think critically about: Benefits systems drive the organization towards their organizational…

Q: ent should focus its sales and production efforts on the product or products that will provide the…

A:

Q: Price accuracy and right product offering are important aspect of an efficient order-to-cash (OTC).…

A: Order to Cash (O2C) refers to a business process which involves the whole procedure of order…

Q: What is an industrial value chain? Explain why a firm’s strategies are tied to what happens

A: Industrial value chain: An industrial value chain refers to a linked set of value-causing operations…

Q: When it comes to cost behavior,

A: Cost Behavior is that the amendment within the behavior of a price (or costs) thanks to a amendment…

Q: To reduce the cost to deliver a product or service to consumers, a company must focus on operational…

A: The objective of an organisation is to reduce cost and improve quality of products. This gives…

Q: how can we use step down cost allocation for ? From service center to mission center

A: Answer

Q: What of the following is NOT a Benefit of Activity Based Management? a.It assists in the budgeting…

A: Introduction:- Activity Based Management analyzing a company's business activities through…

Q: How do functional structures improve a company? Multiple Choice O It allows for quicker decision…

A: A functional structure is a combination of various functional departments which are responsible for…

Q: Activity-based costing tends to pass the cost-benefit test for companies with  A. Operations that…

A: Activity based costing is a type of costing system in which costs are assigned or allocated to all…

Q: Which of the following is not true of the balanced scorecard approach to performance measurement?…

A: A balanced scorecard is a strategic management performance metric that helps companies identify and…

Q: The strategy that the company could take to maintain the competitive advantages are Cost Leadership,…

A: Competitive advantage refers to factors that allow a company to produce goods or services better or…

Q: Provide 2 differences between traditional and activity based costing system.

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Explain the three advantages of using marginal costing as the basis of providing managers with…

A: It is a technique of costing. Here we calculate marginal costs. The marginal cost is the cost of…

Q: Which of the following is true about the value of Problem Management? Improved productivity Reduced…

A: Problem management: It implies to an important component of ITSM framework that assist the business…

Q: In producer theory we talked the idea of a production function. a) Using this concept, explain an…

A: a) A production is solely a technical concept. The production function reveals how much output will…

Q: Process value analysis is the examination, quantification, and explanation of the effects of cost…

A: Process Value Analysis: Process value analysis involves a critical analysis of all the processes…

Q: Synthesized data to explain the concept of ROI, how the use of an activity-based costing system can…

A: Ratio analysis is a tool used by the financial analyst to measure the financial performance of the…

Q: Mention some ways other than cost-cutting that will improve company operations.

A: When making and analyzing the financial statements of a company we keep an eye on two main…

Q: The design and use of strategic cost management systems are oriented around the application of three…

A: Strategic cost management is defined as the cost management which is a procedure for decreasing the…

Q: In service industries, what poses a unique challenge for cost management, requiring clear metrics…

A: In service industries, the unique challenge for cost management that requires clear metrics and key…

Q: How can management accountant help improve quality and achieve timely product deliveries?

A: Management accountant perform various functions like analysis cost, business processes to identify…

Q: n your initial post, summarize the key concepts and benefits of economic order quantity (EOQ).…

A: Economic Order Quantity (EOQ) is a mathematical model used to calculate the optimal quantity of…

Q: Describe the following approaches to pricing new products: skimming pricing, penetration pricing,…

A: Pricing decisions:   Pricing decisions is one of the most important and required decision for the…

Q: A strategy of product leadership can also be called which of the following? O Cost leadership Lean…

A: Cost accounting refers to the recording of the overall cost of production by considering the…

Q: List benchmarks or criteria often used in assessing productivity, and discuss their advantages…

A: Cost management system:   The system or unit of the entity which is responsible for management of…

Q: Define Cost Pool, Cost Object and Cost Driver

A: Cost accounting forms a part of managerial accounting method that is used for measurement of total…

Q: 3. Provide the justification why more companies are refining their costing system by using Activity…

A: Answer:-  Activity based costing:- The activity-based costing approach is a way of allocating…