Managerial Accounting: Creating Value in a Dynamic Business Environment
11th Edition
ISBN: 9781259569562
Author: Ronald W Hilton Proffesor Prof, David Platt
Publisher: McGraw-Hill Education
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Chapter 1, Problem 8RQ
To determine
Differentiate line and staff positions and provide examples of each in a university setting.
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Identify a particular support function of a college (the library, for example). Discuss possible allocation bases that might be used to allocate costs in the function to programs (degrees) or students.
Identify Activity Bases
For a major university, select the activity base most appropriate for each cost listed below. An activity base may be used more than once or not used at all.
Cost:
Activity Base:
1. Financial aid office salaries
2. Office supplies
3. Instructor salaries
4. Housing personnel wages
5. Employee wages for maintaining student records
6. Admissions office salaries
What are possible allocation bases that might be used to allocate costs in a library function to programs (degrees) or students.
Chapter 1 Solutions
Managerial Accounting: Creating Value in a Dynamic Business Environment
Ch. 1 - According to some estimates, the volume of...Ch. 1 - Prob. 2RQCh. 1 - List and define the four basic management...Ch. 1 - Prob. 4RQCh. 1 - Prob. 5RQCh. 1 - List and describe four important differences...Ch. 1 - Distinguish between cost accounting and managerial...Ch. 1 - Prob. 8RQCh. 1 - Prob. 9RQCh. 1 - How could your college or university use the...
Ch. 1 - What does the following statement by a managerial...Ch. 1 - What is meant by the following statement?...Ch. 1 - Prob. 13RQCh. 1 - Prob. 14RQCh. 1 - Prob. 15RQCh. 1 - Prob. 16RQCh. 1 - Prob. 17RQCh. 1 - What is meant by the term non-value-added costs?Ch. 1 - Managerial accounting is an important part of any...Ch. 1 - Can managerial accounting play an important role...Ch. 1 - Prob. 21RQCh. 1 - Prob. 22RQCh. 1 - Name several activities in the value chain of (a)...Ch. 1 - Define the term strategic cost management.Ch. 1 - Give an example of managerial accounting...Ch. 1 - For each of the following activities, explain...Ch. 1 - Dave Nelson recently retired at age 48, courtesy...Ch. 1 - Susan Lopez, a consultant with Deloitte Young,...Ch. 1 - Prob. 31PCh. 1 - Urban Elite Apparel designs womens apparel and...Ch. 1 - Prob. 33C
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- Identify activity bases For a major university, match each cost in the following table with the activity base most appropriate to it. An activity base may be used more than once or not used at all.arrow_forwardWhich of the following methods recognizes some (but not all) of the services that occur between service departments? Indirect method. Step-down method. Reciprocal-services method. Dual-cost allocation method. Direct method.arrow_forwardWhich of the following principles should be applied when the step method of allocating service department costs is used? The sequence of allocation among departments should be randomly selected. The sequence of allocation among departments should proceed from the largest department as measured by total assets to the smallest. The sequence of allocation among departments should proceed from the largest provider of interdepartmental services to the smallest. All possible sequences of service department allocations should be computed. The sequence that provides the largest allocation of service costs should then be selected.arrow_forward
- Differentiate between centralized and decentralized operations.arrow_forwardExplain briefly the main differences between the direct, step-down, and reciprocal-services methods of service department cost allocation.arrow_forwardPlease differentiate between centralized and decentralized operations.arrow_forward
- Define the following terms: expected actual activity, normal activity, practical activity, and theoretical activity.arrow_forwardCompare and contrast a between-groups design and a within-subjects design. What information about variables, levels, and design should you keep in mind in order to choose an appropriate statistic?arrow_forwardDefine each of the following terms: c. Signaling hypothesis; clientele effectarrow_forward
- Berkeley College wants to monitor the efficiency and quality of its course registration process. Please identify two input and two output measures for this process. Please explain why Berkeley College would use nonfinancial measures for this process.arrow_forwardDo you think it is possible to set standard for delivery of service, which are primarily dictated by cost? List the service where standard can be setarrow_forwardWrite your own word's please.. Up vote surearrow_forward
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