Questions from Cost Management

Q: The firm in Brief Exercise 13-20 ignores competitive prices because

The firm in Brief Exercise 13-20 ignores competitive prices because it has a differentiated product. It uses life-cycle cost–based pricing with a 10 percent markup. What is the firm’s price?

Q: What is strategic performance measurement, and why is it important for

What is strategic performance measurement, and why is it important for effective management?

Q: Does an effective performance evaluation focus on individual or team performance?

Does an effective performance evaluation focus on individual or team performance?

Q: Explain the difference between informal and formal control systems. What type

Explain the difference between informal and formal control systems. What type of control system is strategic performance measurement?

Q: Name two types of organizational design and explain how they differ.

Name two types of organizational design and explain how they differ.

Q: What are four types of SBUs, and what are the goals

What are four types of SBUs, and what are the goals of each?

Q: Because full costing is accepted for financial reporting purposes and variable costing

Because full costing is accepted for financial reporting purposes and variable costing is not, why should we be concerned about the difference between them? What is the difference, and why is it impor...

Q: What are some important behavioral and implementation issues in strategic performance measurement

What are some important behavioral and implementation issues in strategic performance measurement? How does the management accountant deal with these issues?

Q: What is the role of cost allocation in strategic performance measurement?

What is the role of cost allocation in strategic performance measurement?

Q: What is meant by the term investment center? How is the

What is meant by the term investment center? How is the financial performance of investment centers measured?