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American National Curriculum

Accounting

Grade 10 Accounting Questions asked by Filo students

Question 81

Views: 5,797

Operating income: The outcome of deduction of operating expense and depreciation from the gross income is called as operating income. The operating income realized before any payment pertaining to interest and taxes payable. To identify : The company should produce the M-A product or M-B

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Accounting

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Question 82

Views: 5,998

Cost: Cost refers to the expenses incurred by the business to earn revenue from sales, in other words cost is the amount given in order to get something. To identify: The finished-goods inventory, 3/31/2014.

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Accounting

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Question 83

Views: 5,719

Incremental cost: The Incremental cost is that cost which an increases with increase in the level of the production of the company. These cost increases when the number of the units increases in the production. Whether new tool should be acquired or not

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Accounting

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Question 84

Views: 5,568

Incremental cost: The Incremental cost is that cost which an increases with increase in the level of the production of the company. These cost increases when the number of the units increases in the production. Whether new tool should be acquired or not

Topic:

Accounting

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Question 85

Views: 5,802

Incremental cost: The Incremental cost is that cost which an increases with increase in the level of the production of the company. These cost increases when the number of the units increases in the production. Whether new tool should be acquired or not

Topic:

Accounting

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Question 86

Views: 5,517

Relevant Cost: Relevant cost is the avoidable cost which incurred at the time of the decision making process of the management. It means that the cost related to the decision making process is called relevant cost. To identify: Relevant cost and benefits

Topic:

Accounting

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Question 87

Views: 5,727

Relevant Cost: Relevant cost is the avoidable cost which incurred at the time of the decision making process of the management. It means that the cost related to the decision making process is called relevant cost. To identify: Relevant cost and benefits

Topic:

Accounting

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Question 88

Views: 5,314

Management accounting: Management accounting measures, analyzes, and reports both financial and non-financial information. Such information helps managers to take effective decisions in order to attain the objectives of an organization. They not only help in planning the various activities of the organization but also in evaluating performance and taking corrective measures when there is a deviation from the charted path. To provide: The responses on behalf of the new controller to the plant manager.

Topic:

Accounting

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Question 89

Views: 5,688

Management accounting: Management accounting measures, analyzes, and reports both financial and non-financial information. Such information helps managers to take effective decisions in order to attain the objectives of an organization. They not only help in planning the various activities of the organization but also in evaluating performance and taking corrective measures when there is a deviation from the charted path. To provide: The responses on behalf of the new controller to the plant manager.

Topic:

Accounting

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Question 90

Views: 5,192

Cost: Cost refers to the expenses incurred by the business to earn revenue from sales, in other words cost is the amount given in order to get something. To identify: The direct material inventory, total cost December 31, 2014.

Topic:

Accounting

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Question 91

Views: 5,523

Variable Cost: The Variable cost is that cost which varies with increase or decrease in the level of production. The Variable cost of per unit remains same. Here, it can be said that variable cost has the positive relationship with output of production. To identify: production line should be upgrade or not.

Topic:

Accounting

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Question 92

Views: 5,453

How does an engineered cost differ from a discretionary cost?

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Accounting

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Question 93

Views: 5,445

Why might an analyst incorporate the industry-market-size factor and the interrelationships among the growth, price-recovery, and productivity components into a strategic analysis of operating income?

Topic:

Accounting

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Question 94

Views: 5,774

Balanced scorecard and strategy. Scott Company manufactures a DVD player called Orlicon. The company sells the player to discount stores throughout the country. This player is significantly less expensive than similar products sold by Scott’s competitors, but the Orlicon offers just DVD playback, compared with DVD and Blu-ray playback offered by competitor Nomad Manufacturing. Furthermore, the Orlicon has experienced production problems that have resulted in significant rework costs. Nomad’s model has an excellent reputation for quality. 1. Draw a simple customer preference map for Scott and Nomad using the attributes of price, quality, and playback features. Use the format of Figure 12-1 . Required 2. Is Scott’s current strategy that of product differentiation or cost leadership? 3. Scott would like to improve quality and decrease costs by improving processes and training workers to reduce rework. Scott’s managers believe the increased quality will increase sales. Draw a strategy map as in Figure 12-2 describing the cause-and-effect relationships among the strategic objectives you would expect to see. Present at least two strategic objectives you would expect to see under each balanced scorecard perspective. Identify what you believe are any (a) strong ties, (b) focal points, (c) trigger points, and (d) distinctive objectives. Comment on your structural analysis of the strategy map. 4. For each strategic objective, suggest a measure you would recommend in Scott’s balanced scorecard.

Topic:

Accounting

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Question 95

Views: 5,899

Balanced scorecard and strategy. Scott Company manufactures a DVD player called Orlicon. The company sells the player to discount stores throughout the country. This player is significantly less expensive than similar products sold by Scott’s competitors, but the Orlicon offers just DVD playback, compared with DVD and Blu-ray playback offered by competitor Nomad Manufacturing. Furthermore, the Orlicon has experienced production problems that have resulted in significant rework costs. Nomad’s model has an excellent reputation for quality. 1. Draw a simple customer preference map for Scott and Nomad using the attributes of price, quality, and playback features. Use the format of Figure 12-1 . Required 2. Is Scott’s current strategy that of product differentiation or cost leadership? 3. Scott would like to improve quality and decrease costs by improving processes and training workers to reduce rework. Scott’s managers believe the increased quality will increase sales. Draw a strategy map as in Figure 12-2 describing the cause-and-effect relationships among the strategic objectives you would expect to see. Present at least two strategic objectives you would expect to see under each balanced scorecard perspective. Identify what you believe are any (a) strong ties, (b) focal points, (c) trigger points, and (d) distinctive objectives. Comment on your structural analysis of the strategy map. 4. For each strategic objective, suggest a measure you would recommend in Scott’s balanced scorecard.

Topic:

Accounting

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Question 96

Views: 5,434

The operating income in both the year 2012 and 2013. Given information: For the year 2012, The number of Kits produced and sold is 8,000. The average selling price is

95 p er ki t . T h e a v er a g ecos tp erK i t i s

32. The conversion cost is

280, 000. F or t h eye a r 2013, T h e n u mb ero f K i t sso l d i s 11, 000. T h e a v er a g ese ll in g p r i ce i s

80 per kit. The average cost per Kit is

32. T h eco n v ers i o n cos t i s

Topic:

Accounting

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Question 97

Views: 5,501

Cost: Cost refers to the expenses incurred by the business to earn revenue from sales, in other words cost is the amount given in order to get something. To identify: The direct material inventory, total cost December 31, 2014.

Topic:

Accounting

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Question 98

Views: 5,692

Calculate the amount and cost of unused manufacturing capacity.

Topic:

Accounting

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Question 99

Views: 5,276

Balanced scorecard. Following is a random-order listing of perspectives, strategic objectives, and performance measures for the balanced scorecard. Perspectives Internal business process Customer Learning and growth Financial Strategic Objectives Acquire new customers Increase shareholder value Retain customers Improve manufacturing quality Develop profitable customers Increase proprietary products Increase information-system capabilities Enhance employee skills On-time delivery by suppliers Increase profit generated by each salesperson Introduce new products Minimize invoice-error rate Performance Measures Percentage of defective-product units Return on assets Number of patents Employee turnover rate Net income Customer profitability Percentage of processes with real-time feedback Return on sales Average job-related training-hours per employee Return on equity Percentage of on-time deliveries by suppliers Product cost per unit Profit per salesperson Percentage of error-free invoices Customer cost per unit Earnings per share Number of new customers Percentage of customers retained For each perspective, select those strategic objectives from the list that best relate to it. For each strategic objective, select the most appropriate performance measure(s) from the list.

Topic:

Accounting

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Question 100

Views: 5,145

Balanced scorecard. Following is a random-order listing of perspectives, strategic objectives, and performance measures for the balanced scorecard. Perspectives Internal business process Customer Learning and growth Financial Strategic Objectives Acquire new customers Increase shareholder value Retain customers Improve manufacturing quality Develop profitable customers Increase proprietary products Increase information-system capabilities Enhance employee skills On-time delivery by suppliers Increase profit generated by each salesperson Introduce new products Minimize invoice-error rate Performance Measures Percentage of defective-product units Return on assets Number of patents Employee turnover rate Net income Customer profitability Percentage of processes with real-time feedback Return on sales Average job-related training-hours per employee Return on equity Percentage of on-time deliveries by suppliers Product cost per unit Profit per salesperson Percentage of error-free invoices Customer cost per unit Earnings per share Number of new customers Percentage of customers retained For each perspective, select those strategic objectives from the list that best relate to it. For each strategic objective, select the most appropriate performance measure(s) from the list.

Topic:

Accounting

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