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horngrens cost accounting a managerial emphasis

Questions and Answers of Horngrens Cost Accounting A Managerial Emphasis

=+3 Comment on your answer in requirement 2. What do these components indicate?
=+3 Allocate the revenue from the computer bundle purchase to each of the hardware products using the stand-alone method based on physical units (that is, the number of individual units of product
=+2 Allocate the revenue from the computer bundle purchase to each of the hardware products using the stand-alone method based on cost per unit.
=+13-37 KK Stand-alone revenue allocation OBJECTIVE 7 MaxSystems Ltd sells computer hardware to end-consumers. Its most popular model, the CX30, is sold as a ‘bundle’, which includes three
=+Calculate the cost allocated to each department in 2015 under this plan. Do you think the allocation method used here is appropriate? Explain.
=+2 Assume that State University allocates the total annual building cost in the following manner:a The cost of all vacant office space is absorbed by the university and is not allocated to the
=+Chapter 15: Strategy, balanced scorecard and strategic profitability analysis 613 M15_HORN3377_02_LT_C15.indd 613 2/09/13 3:56 PM
=+The new building cost the university $30 million and was depreciated using the straight-line method over 20 years. At the end of 2015, three departments occupied the building: executive offices of
=+15-23 KKK Strategic analysis of operating profit (continuation of 15-22) OBJECTIVE 4 Refer to Exercise 15-22.Required 1 Calculate the operating profit of Winslow Ltd in 2014 and 2015.
=+13-36 KK Fixed-cost allocation OBJECTIVE 2 State University completed construction of its newest administrative building at the end of 2014. The university’s first employees moved into the
=+2 Which method do you think is most equitable to the divisional sales managers? What other options might CEO Malcolm Gray have for allocating the advertising costs?
=+The manager of the east sales location, Ian Roach, was not happy. He complained that the new allocation method was unfair and would increase his advertising costs significantly over the previous
=+13-35 KK Allocation of common costs OBJECTIVE 4 Prime Car Sales uses all types of media to advertise its products (television, radio, newspaper, etc.). At the end of 2014, the company CEO, Malcolm
=+3 In light of requirement 2, how would you suggest Bob Newman handle the problem?
=+2 Describe briefly key elements that you would include in Winslow’s balanced scorecard and the reasons for doing so.
=+2 If the director of the superhero theme park raises the same argument, Quest could not handle the situation in the same way. Why?
=+13-34 K Effect of demand (continuation of 13-33) OBJECTIVES 4, 7 The director of the water park, Sue Rowe, is upset with the allocation of the revenues for the three-day ticket. Because of her hard
=+4 Which basis of revenue allocation makes the most sense in this situation? Explain your answer.536 Chapter 13: Allocation of support-department costs, common costs and revenues
=+3 Allocate the revenue from the three-day ticket to each park using the stand-alone method based on physical units (i.e. number of tickets received for each park).
=+2 Allocate the revenue from the three-day ticket to each park using the stand-alone method based on cost per entrant.
=+10 Selling and customer-service capacity cost per customer (row 9 ÷ row 8) $10 000 $9 900 Winslow Ltd produces no defective machines but it wants to reduce direct materials usage per D4H machine
=+13-33 K Stand-alone revenue allocation OBJECTIVES 4, 7 Quest is an amusement park complex in southern Queensland. Quest is divided into three autonomous divisions: a water park, a superhero theme
=+4 Which method would you recommend Brink Ltd and Wallers Ltd use to share the fees?
=+3 Calculate Brink Ltd’s and Wallers Ltd’s respective share of fees using the Shapley value method.
=+2 Calculate Brink Ltd’s and Wallers Ltd’s respective share of fees using the incremental cost-allocation method. Assume Brink Ltd to be the primary party.
=+13-32 K Common costs OBJECTIVE 4 Brink Ltd and Wallers Ltd are two small clothing companies that are considering leasing a dyeing machine together. The companies estimated that, in order to meet
=+2 An outside company has offered to supply all the power needed by Fortitude Ltd and to provide all the services of the present Power Department. The cost of this service will be $40 per
=+(b) the step-down method (allocate Department A first), (c) the step-down method (allocate Department B first) and (d) the reciprocal method?
=+Supervision costs are salary costs. Depreciation in Department B is the straight-line depreciation of power-generation equipment in its 19th year of an estimated 25-year useful life; it is old, but
=+The work done in Department A is measured by the direct labour-hours of materials-handling time. The work done in Department B is measured by the kilowatt-hours of power. The budgeted costs of the
=+13-31 KKK Support-department cost allocations; single-department cost pools; direct, step-down and reciprocal methods OBJECTIVE 3 Fortitude Ltd has two products. Product 1 is manufactured entirely
=+4 The company evaluates the performance of the operating department managers on the basis of how well they managed their total costs, including allocated costs. As the manager of the Machining
=+(a) requirement 1 and (b) requirement 2:Direct manufacturing labour-hours Machining Assembly Job 88 18 2 Job 89 3 17
=+3 Based on the following information about two jobs, determine the total overhead costs for each job by using rates developed in:
=+3 Indicate two measures you would expect to see under each perspective in Corrugation’s balanced scorecard for 2015. Use a strategy map, as in Figure 15-3, to explain your answer.
=+2 Using the direct method, rework requirement 1.
=+13-30 KK Allocating costs of support departments; step-down and direct methods OBJECTIVE 3 Dunmore Ltd has prepared department overhead budgets for budgeted-volume levels before allocations as
=+2 In this situation, which method of allocation makes the most sense?
=+534 Chapter 13: Allocation of support-department costs, common costs and revenues M13_HORN3377_02_LT_C13.indd 534 2/09/13 3:53 PM Required 1 Allocate the fixed cost to each restaurant using actual,
=+13-29 K Fixed-cost allocation OBJECTIVE 2 Three restaurants in a downtown area of a large city have decided to share a valet service and car park for their customers. The cost of the valet service
=+2 Bendix Ltd, a competitor of Corrugation, manufactures corrugated boxes with more designs and colour combinations than Corrugation at a higher price. Bendix’s boxes are of high quality but
=+3 Which method is most appropriate for allocating revenues to the DVDs? Why?
=+2 Using the selling prices, allocate revenues from the ConM + RCC package to each DVD in that package using:a the stand-alone method b the incremental method, in either order c the Shapley value
=+13-28 K Revenue allocation OBJECTIVE 7 Yeo Tan Ltd produces and sells DVDs to business people and students who are planning extended stays in China. It has been very successful with two DVDs:
=+3 Comment on your results in requirements 1 and 2. Discuss the advantages of the dual-rate method.
=+2 Using the dual-rate method, calculate the amount allocated to each department when: (a) the fixed-cost rate is calculated using budgeted costs and the practical gift-wrapping capacity, (b) fixed
=+c Calculate the budgeted rate based on the practical gift-wrapping capacity available and allocate costs based on actual usage.
=+b Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on actual usage.
=+a Calculate the budgeted rate based on the budgeted number of gifts to be wrapped and allocate costs based on the budgeted use (of gift-wrapping services).
=+13-27 K Single-rate, dual-rate and practical capacity allocation OBJECTIVE 1 Grace’s Department Store has a new promotional program that offers a free gift-wrapping service for its customers.
=+2 How do you think the citizens of each community would feel about each of the two methods of allocation?
=+13-26 K Allocation of common costs OBJECTIVE 4 The councils of Brisbane, Ipswich and Toowoomba are considering the implementation of a new program to handle disposal of hazardous waste to comply
=+15-16 K Balanced scorecard OBJECTIVES 1, 3 Corrugation Ltd manufactures corrugated cardboard boxes. It competes and plans to grow by selling high-quality boxes at a low price and by delivering them
=+2 Of the four methods in requirement 1, which one would you recommend for allocating L’Amour’s revenues to Monaco and Innocence? Explain.
=+1 Allocate revenue from the sale of each unit of L’Amour to Monaco and Innocence using:a the stand-alone revenue-allocation method based on selling price of each product b the incremental
=+13-25 K Revenue allocation, bundled products OBJECTIVE 7 Bianca Perfumery (Pty) Ltd blends and sells designer fragrances. It has a Men’s Fragrances Division and a Women’s Fragrances Division,
=+3 How should Angela allocate the $100 taxi fares to and from her home and Brisbane Airport?
=+2 Which method would you recommend Angela use and why?
=+13-24 K Allocation of common costs OBJECTIVE 4 Angela Stonely, a self-employed consultant in Brisbane, received an invitation to visit a prospective client in Adelaide. A few days later, she
=+2 Calculate the growth, price-recovery and productivity components that explain the change in operating profit from 2014 to 2015.
=+2 Which method would you recommend they use and why?
=+Following a strategy of product differentiation, Westwood Ltd makes a high-end kitchen rangehood, KE8. Westwood Ltd’s data for 2014 and 2015 follow:2014 2015 1 Units of KE8 produced and sold 40
=+13-23 K Allocation of common costs OBJECTIVE 4 Kevin and Matt are students at Deakin University. They share an apartment in St Kilda that is owned by Matt. Matt is considering subscribing to an
=+How can a company identify unused capacity and, if it is present, how can unused capacity be managed?
=+How can a company distinguish engineered costs from discretionary costs?
=+How can a company analyse changes in operating profit to evaluate the success of its strategy?
=+How can an organisation translate its strategy into a set of performance measures?
=+3 In the case presented in this exercise, which method (direct, step-down or reciprocal) would you recommend? Why?
=+6 Calculate unused capacity and explain how to manage it
=+5 Distinguish engineered costs from discretionary costs
=+4 Analyse changes in operating profit to evaluate strategy
=+3 Describe the four perspectives of the balanced scorecard and the relationships between them as found in an organisation’s strategy map
=+2 Allocate the support departments’ costs (Human Resources and Information Systems) to the two operating departments using the reciprocal method.
=+2 Explain the role of re-engineering and continuous improvement in remaining competitive
=+13-22 KK Reciprocal cost allocation (continuation of 13-21) OBJECTIVE 3 Consider Books Galore again. The management accountant of Books Galore reads a widely used textbook that states that‘the
=+3 How could you have ranked the support departments differently?
=+Identify which of two generic strategies a company is using
=+4 Prepare a brief report to the shareholders of CSMW explaining why it is in their best interests to manage carefully the organisation’s environmental impacts.
=+3 What might CSMW do to minimise any detrimental social or environmental impacts that you have identified?
=+2 Rank the support departments based on the percentage of their services provided to other support departments. Use this ranking to allocate the support departments’ costs to the operating
=+2 For each of the stages in the life cycle, identify whatever impacts on society and the environment that you can think of.
=+13-21 KK Direct and step-down allocation OBJECTIVE 3 Books Galore, an online book retailer, has two operating departments—Corporate Sales and Consumer Sales—and two support departments—Human
=+3 Suppose, during 2015, the market size for high-end kitchen rangehoods grew 3% in terms of number of units and all increases in market share (i.e. increases in the number of units sold greater
=+2 Compare and explain differences in requirement 1 with those in requirement 1 of Exercise 13-19. Which method do you prefer?Why?
=+13-20 KKK Support-department cost allocation, reciprocal method (continuation of 13-19)OBJECTIVE 3 Refer to the data given in Exercise 13-19.Required 1 Allocate the two support departments’ costs
=+4 How successful has Westwood Ltd been in implementing its strategy? Explain.
=+15-15 ‘We are already measuring total factor productivity. Measuring partial productivities would be of no value.’ Do you agree?Comment briefly.
=+3 What approaches might be used to decide the sequence in which to allocate support departments when using the step-down method?
=+15-14 What is a partial-productivity measure?
=+15-13 What is downsizing?
=+15-12 How does an engineered cost differ from a discretionary cost?
=+15-11 Why might an analyst incorporate the industry market-size factor and the interrelationships between the growth, pricerecovery and productivity components into a strategic analysis of
=+15-10 Describe three key components in doing a strategic analysis of operating profit.
=+2 Compare and explain differences in the support-department costs allocated to each operating department.
=+15-9 What are three important pitfalls to avoid when implementing a balanced scorecard?
=+15-8 How can a strategy map be used in developing and testing an organisation’s strategy?
=+15-7 What are the four key perspectives in the balanced scorecard and how are they presented in a strategy map?
=+13-19 KK Support-department cost allocation; direct and step-down methods OBJECTIVE 3 Blueprint Ltd provides management consulting services to government and corporate clients. Blueprint Ltd has
=+15-6 What is continuous improvement and how does it relate to re-engineering?
=+15-5 What is re-engineering?

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