12.Production cost reports provide a basis for evaluating the productivity of a department. True False

Q: How is a departmental contribution to overhead an effective tool in assessing each department's…

A: Departmental contribution to overhead is the amount of money a deptt. has available after its…

Q: 1. (a) What is the incremental analysis approach and what are its scopes in the management…

A:

Q: Statement 1: Goal congruence will more likely occur if management can establish the performance…

A: The performance measurement of the managers is very important for the company because it needs to…

Q: The internal business process perspective of a balanced scorecard may contain which of the following…

A: Balance Score Card measures the business from four different perspectives. 1) Financial Perspectives…

Q: 1- What are the four cost categories of a costs of quality program? 2- What are relevant revenues…

A: Cost of quality program's costs can be divided into two main groups and four sub-groups. Main two…

Q: 5. Which of the following is not a benefit of budgeting? A. It sets some standards to evaluate…

A: Budgets are compiled at least annually by most companies in order to plan their operations for the…

Q: Why are companies divided into departments for the purpose of management control?  Is it possible to…

A: An Organisation is a complex entity which requires different expertise in various fields to help it…

Q: What is the difference between a departmental accounting system and a responsibility accounting…

A: Departmental accounting system refers to that accounting information system which record the…

Q: Ch 8) Which departments in an organization produce services for external customers?   Question 1…

A: The organization comprises of various production departments and service departments.

Q: Which of these statement is TRUE for a standard cost system? A) Standard cost systems help managers…

A: Lets understand the basics. Standard cost is a cost which is decide by management to be incurred…

Q: In each blank next to the following terms, place the identifying letter of its best description. 1.…

A: 1. Cost center--A. Incurs costs without directly yielding revenues.2. Profit center-- F.Incurs costs…

Q: Assume that a company has decided not to allocate any support department costs to producing…

A: Cost allocation means assigns cost to different heads or departments. It is a good tool that can be…

Q: Which of the following statements best describes a profit center?a. The responsibility for combining…

A: The profit center affects the major profit decisions of the authority that includes the choosing…

Q: Why are companies divided into departments for the purpose of management control?  What are some of…

A: A business is normally organized by its functions, e.g. marketing department, accounts department,…

Q: “When evaluating a company’s performance on the time dimension, managers should only consider…

A:

Q: Responsibility accounting means that a manager should be held resp udget which 1. He absorbed as a…

A: Answer: Responsibility accounting is the accounting which separates the responsibility of the…

Q: In a responsibility accounting system, managerial performance should be evaluated on the basis of…

A: Responsibility accounting system is a type and form of accounting system under which information is…

Q: indirect material, mixed cost , budgeting, margin of safet

A: The below mentioned are the definitions of indirect material Mixed cost Budgeting Margin of safety

Q: he costs referred to as “controllable costs” are       a. Costs which management decides to incur in…

A: Solution: The costs referred to as “controllable costs” are "Costs which are likely to respond to…

Q: Which of the following statements is true with respect to the performance metrics useful for…

A: In production process, the ratio of direct labor should be more than the indirect labor. An ideal…

Q: Which one of the following is NOT a budgetary benefit? It establishes the organization's goal. It…

A: Budgeting is a written plan covering projected activities of a firm for a defined period of time…

Q: Which of the following statements is false about the order in which management determines the…

A: In every manufacturing company there are 2 departments: the production department and the support…

Q: Which of the following is not part of managerial accounting? Select one: O A reporting financial…

A: The accounting is a process to identify the business transactions, record the transactions and…

Q: Which of the following is not a qualitative decision that should be considered in an outsourcing…

A: Qualitative decisions are more subjective since they are based on elements other than numerical…

Q: Using performance reports to evaluate cost, revenue, and profit centers Management by exception is a…

A:

Q: 5. Which of the following is not a benefit of budgeting? A. It sets some standards to evaluate…

A: Budgeting: Budgeting is that the method of making a plan to pay your cash.  Benefits of Budgeting…

Q: How is activity-based cost allocation useful to management for control and evaluation of the…

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

Q: What are relevant revenues and cost delays? 2- How do managers use financial and nonfinancial…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: The manager of the manufacturing unit of a company is responsible for the costs of the manufacturing…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: 14 - Which of the following statements is incorrect?    a) Performance appraisal is merely a tool…

A: Performance appraisal meaning -   A performance appraisal is a process by which an individual…

Q: The entity's management is currently reviewing all costs of production. • If the entity's accounting…

A: Cost of production: It is the cost incurred in producing the goods or providing the services. These…

Q: Activity center is a unit in an organization for which management wants the costs of a set of…

A: Meaning of Activity Center: A segment of the production or service process for which management…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.