Questions from Managerial Accounting


Q: The results of operations for the Preston Manufacturing Company for the fourth

The results of operations for the Preston Manufacturing Company for the fourth quarter of 2017 were as follows: Note: Preston Manufacturing uses the variable costing method. Thus, only variable produ...

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Q: In the fourth quarter of 2017, Casey Wholesalers had the following

In the fourth quarter of 2017, Casey Wholesalers had the following net income: Sales $650,000 Less cost of sales 300,000 Gross margin 350,000 Selling and administration 250,000 Income before taxes 100...

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Q: What is empire building in a managerial context?

What is empire building in a managerial context?

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Q: Provide two measures for each perspective of a balanced scorecard.

Provide two measures for each perspective of a balanced scorecard.

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Q: List two disadvantages associated with decentralization of a firm’s operations.

List two disadvantages associated with decentralization of a firm’s operations.

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Q: What is the difference between an ideal standard and an attainable standard

What is the difference between an ideal standard and an attainable standard?

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Q: “You get what you measure!” If so, what problem

“You get what you measure!” If so, what problem might be created by managers attempting to achieve favorable material price variances?

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Q: Discuss goal congruence and how it impacts the decision to decentralize.

Discuss goal congruence and how it impacts the decision to decentralize.

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Q: Should managers investigate only unfavorable variances?

Should managers investigate only unfavorable variances?

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Q: What is the difference between residual income and EVA?

What is the difference between residual income and EVA?

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