Question : 89) Six uses of feedback given below. Match each independent : 1196042

 

89) Six uses of feedback are given below. Match each independent statement with one of the feedback uses.

 

Uses of feedback:

a.Changing goals.

b.Searching for alternative means of operating.

c.Changing methods for making decisions.

d.Making predictions.

e.Changing the operations.

f.Changing the reward system.

 

Independent Statements:

 

1.Quality control activities have been moved from the end of the assembly line to critical points along the assembly line.

2.Home office compares internal processing versus third-party managing of its accounts receivable operations.

3.Jackson Company increases emphasis on cash flow rather than income, after prior liquidity problems lead to bankruptcy.

4.The Economic Order Quantity (EOQ) and reorder points of the inventory system are being converted to automatic processing on the computer.

5.MLB Company contracts with an outside janitorial service rather than continuing with its own cleaning crew.

6.AMB Company is changing to a more decentralized organizational structure.

7.Local Computer Company incorporates average inflation forecasts for wages when predicting future labour costs.

8.Altec Company considers basing its marketing bonuses on the profitability of sales rather than on the dollar amount of sales.  

89)   

_____________

 

90) Three functions of management accountants are listed below. For each of the independent activities give the function that best describes what is being undertaken.

 

Functions:

a.Scorekeeping.

b.Attention-directing.

c.Problem-solving.

 

Independent activities:

1.A report comparing actual and budgeted waste percentages from a chemical process in a herbicide plant.

2.The monthly report to management of sales by product.

3.Explaining the variances in Department 23’s labour report.

4.Preparing a budget report for each department.

5.Analyzing the effects of a new product on the cost of the production process.

6.A comparison of the financial advantages of leasing a building versus purchasing one.  

90)   

_____________

 

91) For each type of report listed below, identify one planning decision and one controlling decision for

which the information would be helpful. Assume you are a Walgreen Company store.

 

Item:

a.annual financial statements for the past three years

b.report detailing sales by department by each hour of the day for the past week

c.special study regarding increased road traffic due to the construction of a new shopping mall at a near-by intersection

  

91)   

_____________

 

92) Three functions of management accountants are listed below. For each of the independent activities give the function that best describes what is being undertaken.

 

Functions:

a.Scorekeeping.

b.Attention-directing.

c.Problem-solving.

 

Independent activities:

1.A report of the average customer balance in accounts receivable.

2.The monthly report of production variances in terms of units produced and dollars over/under budget.

3.Explaining the cash shortages in cash registers of a retail store.

4.Preparing an analysis of divisional sales by product and territory.

5.Reporting the effects of a new environmental requirement on one of our products.

6.A schedule of bad debts for the credit manager.  

92)   

_____________

 

93) For each of the following activities, identify whether the main role of accounting is (1) problem solving,

(2) scorekeeping, or (3) attention directing.

 

Item:

a.analyzing the impact of introducing a new product on production

b.comparing results between actual costs and budgeted costs for each step of manufacturing a product

c.preparing a report that analyzes changes in cost resulting from reducing the number of tubing sizes used during production from six down to two

d.reporting sales by branch for the sales manager

  

 

93)   

_____________

 

94) In most organizations customer satisfaction is one of the top priorities. As such, attention to customers is necessary for success. Briefly describe the demands customers are currently placing on organizational performance.  

94)   

_____________

 

95) Discuss the key themes in the newly evolving management approach.  

95)   

_____________

 

96) Describe management accounting and financial accounting.

  

96)   

_____________

 

 

 

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