Questions from Cost Management

Q: The following Box Scorecard was prepared for a value stream:

The following Box Scorecard was prepared for a value stream: Required: 1. How many nonfinancial measures are used to evaluate performance? Why are nonfinancial measures used? 2. Classify the operation...

Q: Refer to Brief Exercise 2-1. For next year,

Refer to Brief Exercise 2-1. For next year, Bob’s Bistro predicts that 50,000 units will be produced with the following total costs: Direct materials = ? Direct labor = $ 100,000 Var...

Q: Larsen, Inc., produces two types of electronic parts and has

Larsen, Inc., produces two types of electronic parts and has provided the following data: There are four activities: machining, setting up, testing, and purchasing. Required: 1. Calculate the activity...

Q: Listed below are several possible input combinations for producing 7,500

Listed below are several possible input combinations for producing 7,500 units of a pocket PC. Two of the input combinations are technically efficient. Required: 1. Identify the technically efficient...

Q: Bellamy Company produces handcrafted pottery that uses two inputs: materials and

Bellamy Company produces handcrafted pottery that uses two inputs: materials and labor. During the past quarter, 36,000 units were produced, requiring 144,000 pounds of materials and 72,000 hours of l...

Q: Helena Company needs to increase its profits and so has embarked on

Helena Company needs to increase its profits and so has embarked on a program to increase its overall productivity. After one year of operation, Kent Olson, manager of the Columbus plant, reported the...

Q: Suppose the following input prices are provided for each year:

Suppose the following input prices are provided for each year: Required: 1. Compute the profit-linked productivity measure. By how much did profits increase due to productivity? 2. Calculate the price...

Q: Holbrook Company gathered the following data for the past two years:

Holbrook Company gathered the following data for the past two years: Required: 1. Prepare a productivity profile for each year. 2. Prepare partial income statements for each year. Calculate the total...

Q: Helix, Inc., formed the following matrix for its five products

Helix, Inc., formed the following matrix for its five products: Required: Using the information in the matrix, identify the value streams.

Q: Bienestar Inc., has the following departmental structure for producing a well

Bienestar Inc., has the following departmental structure for producing a well-known multivitamin: A consultant designed the following cellular manufacturing structure for the same product: The times a...