Questions from Managerial Accounting


Q: What creates the need to maintain work-in process inventory?

What creates the need to maintain work-in process inventory? Why is work-in-process inventory likely to decrease on the implementation of group technology, just-in-time production, and quality improve...

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Q: Why may financial information alone be insufficient for the ongoing informational needs

Why may financial information alone be insufficient for the ongoing informational needs of operators/workers, managers, and executives?

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Q: What are two types of financial benefits resulting from a shift to

What are two types of financial benefits resulting from a shift to group technology, just-in-time production, or continuous quality improvements?

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Q: What is benchmarking, and why is it used?

What is benchmarking, and why is it used?

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Q: What is kaizen costing?

What is kaizen costing?

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Q: When is a cost variance investigation undertaken under kaizen costing?

When is a cost variance investigation undertaken under kaizen costing?

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Q: Why is it said that a kaizen costing system operates “outside

Why is it said that a kaizen costing system operates “outside the standard costing system”?

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Q: What are the five stages of the benchmarking process?

What are the five stages of the benchmarking process?

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Q: What stage of the benchmarking process is the most important for benchmarking

What stage of the benchmarking process is the most important for benchmarking management accounting methods? Why?

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Q: What are the three types of information gathering and sharing used under

What are the three types of information gathering and sharing used under the cooperative form of benchmarking?

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