Questions from Cost Accounting

Q: Give two examples of nonfinancial measures of internal-business-process

Give two examples of nonfinancial measures of internal-business-process quality.

Q: Why do better decisions regarding the purchasing and managing of goods for

Why do better decisions regarding the purchasing and managing of goods for sale frequently cause dramatic percentage increases in net income?

Q: Roberta, Inc., manufactures elliptical machines for several well-known

Roberta, Inc., manufactures elliptical machines for several well-known companies. The machines differ significantly in their complexity and their manufacturing batch sizes. The following costs were in...

Q: “You should always choose the supplier who offers the lowest price

“You should always choose the supplier who offers the lowest price per unit.” Do you agree? Explain.

Q: What is supply-chain analysis, and how can it benefit

What is supply-chain analysis, and how can it benefit manufacturers and retailers?

Q: What are the main features of JIT production, and what are

What are the main features of JIT production, and what are its benefits and costs?

Q: Distinguish inventory-costing systems using sequential tracking from those using backflush

Distinguish inventory-costing systems using sequential tracking from those using backflush costing.

Q: Describe three different versions of backflush costing.

Describe three different versions of backflush costing.

Q: Discuss the differences between lean accounting and traditional cost accounting.

Discuss the differences between lean accounting and traditional cost accounting.

Q: What assumptions are made when using the simplest version of the economic

What assumptions are made when using the simplest version of the economic-order-quantity (EOQ) decision model?