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horngrens cost accounting a managerial emphasis

Questions and Answers of Horngrens Cost Accounting A Managerial Emphasis

Relevant costs, replacement decisions, performance evaluation. Ibrahim Asafi, the general manager of the Coronado Company, is contemplating replacing the existing assembly-line equipment in the
Special order, relevant costs, capital budgeting. (A. Spero, adapted) Toys, Inc., sells neoncoated Nightglow cars to several local toy stores. It has the capacity to make 250,000 of these units per
Relevant costs, outsourcing, capital budgeting. The Strubel Company currendy makes as many units of Part No. 789 as it needs. David Lin, general manager ofthe Strubel Company, has received a bid from
Capital budgeting, computer-integrated manufacturing, sensitivity. The Dynamo Corporation is planning to replace one of its production fines, which has a remaining useful life often years, book value
Ethics, capital budgeting. (CMA, adapted) The Evans Company must expand its manufac¬turing capabilities to meet the growing demand for its products. The first alternative is to expand its current
Relevant costs, capital budgeting. (N. Melumad, S. Reichelstein, adapted) The Special Products Division (SPD) of Plastics Unlimited makes specially designed night goggles. Its main production machine
Explain transfer prices and criteria used to evaluate them
Calculate transfer prices using three methods
“Under the general transfer-pricing guideline, the minimum transfer price will vary depending on whether the supplying division has idle capacity or not.” Do you agree? Explain.
Why should managers consider income tax issues when choosing a transfer-pricing method?EXERCISES
Decentralization, responsibility centres. Quinn Corporation manufactures and sells lighting products. Quinn’s sales and marketing divisions are organized along product lines—wall sconces,
Decentralization, goal-congruence, responsibility centres. Hexton Chemicals consists of seven operating divisions that each operate independently. The operating divisions are supported by a number
Effect of alternative transfer pricing methods on division operating income. (CMA, adapted) Ajax Corporation has two divisions. The Mining Division makes toldine, which is then transferred to the
Decentralization, general guideline, goal congruence. (CMA, adapted) Nogo Motors, c., operates as a decentralized multidivision company. The Igo Division of Nogo Motors, nc., purchases most ofits
General guideline, transfer price range. The Shamrock Company manufactures and sells television sets. The Assembly Division assembles the television sets. It buys the screens for the television sets
Multinational transfer pricing, global tax minimization. The Mornay Company manufactures telecommunications equipment at its Winnipeg factory. The company has marketing divisions throughout the
/Multinational transfer pricing, goal-congruence (continuation of 23-21). $uppose that the Canadian division could sell as many units of Product 4A36 as it makes at $720 based on per unit in the
Transfer pricing methods, goal-congruence. British Columbia Lumber has a Raw Lumber Division and a Finished Lumber Division. The variable costs are:Raw Lumber Division: $120 per 100 board-feet ofraw
Multinational transfer pricing, effect of alternative transfer pricing methods, global income tax minimization. User Friendly Computer, Inc., with headquarters in Regina, manufactures and sells
Transfer-pricing dispute. The Allison-Chambers Corporation, manufacturer of tractors/ and other heavy farm equipment, is organized along decentralized lines, with each^ manufacturing division
Transfer pricing problem (continuation of 23-25). Refer to Exercise 23-25. Assume that Division A can sell the 1,000 units to other customers at $186 per unit with variable marketing costs of $6 per
Effect of alternative transfer-pricing methods on division operating income. Oceanic Products is a tuna fishing company based in $t. John’s. It has three divisions:a. Tuna Harvesting—operates a
Goal-congruence problems with cost-plus transfer-pricing methods, dual-price method (continuation of 23-27). Assume that Oceanic Products uses a transfer price of 150% of full cost. Pat Forgione, the
Pertinent transfer price. Europa, Inc., has two divisions, A and B, that manufacture expen¬sive bicycles. Division A produces the bicycle frame, and Division B assembles the rest of the bicycle onto
Pricing in imperfect markets (continuation of 23-29). Refer to Problem 23-29./Required 1. Suppose the manager of Division A has the option of (a) cutting the external price to $234 with the certainty
Multinational transfer pricing, global tax minimization. Industrial Diamonds, Inc., based in Vancouver, has two divisions:a. Philippine Mining Division. Operates a mine in the Philippines containing
Multinational transfer pricing and taxation. (Richard Lambert, adapted) Anita Corporation, headquartered in Canada, manufactures state-of-the-art milling machines. It has two marketing subsidiaries,
Transfer pricing, goal-congruence. The $ather Corporation manufactures and sells 10,000 boom boxes. It buys the cassette deck for the boom box from the Cassette Deck Division.The Cassette Deck
Utilization of capacity. (J. Patell, adapted) The California Instrument Company (CIC) con¬sists of the Semiconductor Division and the Process-Control Division, each of which oper¬ates as an
Ethics, transfer pricing. The Belmont Division ofDurham Industries manufactures compo¬nent R47, which it transfers to the Alston Division at 200% of variable costs. The variable costs of R47 are
Goal-congruence, taxes, different market conditions. The $askatchewan Corporation makes water pumps. The Engine Division makes the engines and supplies them to the Assembly Division where the pumps
Select financial and nonfinancial performance measures for use in a balanced scorecard
Design an accounting-based performance measure
Analyze profitability using the DuPont method of measuring return on investment (ROI)
Use the residual-income (Rl) measure and recognize its advantages
Describe the economic value added (EVA®) method
Distinguish between current cost and historical cost asset-measurement methods
Indicate the difficulties that arise when comparing the performance of divisions operating in different countries
Recognize the role of salaries and incentives in compensation arrangements
Describe the four levers of control and why they are necessary
What are the five steps in designing an accounting-based performance measure?
Return on investment; comparisons of three companies. (CMA, adapted) Return on investment is often expressed as follows:-Income _ Revenues Income — -x —-Investment Investment Revenues Required 1.
ROI and RI. (D. Kleespie) The Gaul Company produces and distributes a wide variety of recreational products. One of its divisions, the Goscinny Division, manufactures and sells/menhirs,” which are
Pricing and return on investment. Hardy, Inc., assembles motorcycles and uses long-run(defined as three to five years) average demand to set the budgeted production level and costs for pricing.
Financial and nonfinancial performance measures, goal-congruence. (CMA, adapted)Summit Equipment specializes in the manufacture of medical equipment, a field that has become increasingly competitive.
ROI, RI, EVA®. (D. Solomons, adapted) Consider the following data for the two geographi¬cal divisions of the Potomac Electric Company that operate as profit centres:Atlantic Pacific Division
RI, EVA®. The Burlingame Transport Company operates two divisions, a Truck Rental Division that rents to individuals, and a Transportation Division that transports goods from one city to another.
Various measures of profitability. When the Coronet Company formed three divisions a year ago, the president told the division managers that an annual bonus would be paid to the most profitable
ROI, RI, measurement of assets. (CMA, adapted) Ashton Corporation recently announced a bonus plan to be awarded to the manager ofthe most profitable division. The three division managers are to
Multinational performance measurement. The Sandvik Corporation manufactures elec¬tric motors in Canada and Sweden. The Canadian and Swedish operations are organized as decentralized divisions. The
Multinational performance measurement, ROI, RI. Loren Press operates two printing presses that operate as separate divisions, one located in Dundas, Ontario, and the other in Lyon, France. The
Risk-sharing, incentives, benchmarking, multiple tasks. The Dexter Division of AMCO sells car batteries. AMCO’s corporate management gives Dexter management considerable operating and investment
ROI performance measures based on historical cost and current cost. Mineral Waters Ltd. operates three divisions that process and bottle sparkling mineral water. The historicalcost accounting system
Evaluating managers, ROI, value-chain analysis of cost structure. User Friendly Computer is one of the largest personal computer companies in the world. The board of directors was recently (March
ROI, RI, ROS, management incentives. (CMA, adapted) The Jump-Start Division (JSD)of Mason Industries manufactures go-carts and other recreational vehicles. JSD is consider¬ing building a new plant
Division manager’s compensation, risk sharing, incentives (continuation of 24—30).The management ofMason Industries is considering the following alternative compensation/Arrangements for Maureen
Relevant costs, performance evaluation, goal-congruence. Pike Enterprises has three operat¬ing divisions. The managers ofthese divisions are evaluatedon their divisional operating income, a figure
Historical cost and current cost ROI measures. Nobillo Corporation owns and manages convenience stores. The following information on three stores is collected for the year 2007:City Plaza South
ROI, RI, investment decisions. The Media Group has three major divisions:a. Newspapers—owns leading newspapers on four continentsb. Television—owns major television networks on three continentsc.
Division managers’ compensation (continuation of 24-34). Rupert Prince seeks your advice on revising the existing bonus plan for division managers ofthe Media Group. Assume division managers do not
Ethics, manager’s performance evaluation. (A. Spero, adapted) Hamilton Semiconductors manufactures specialized chips that sell for $24 each. Hamilton’s manufacturing costs consist of variable
ROI, RI division manager’s compensation, nonfinancial measures. Key information for the Peoria Division (PD) of Barrington Industries for 2007 follows:Revenues $18,000,000 Operating income
Identify five categories of costs associated with goods for sale
Balance ordering costs and carrying costs using the economic order quantity (EOQ) decision model
Identify and reduce conflicts that can arise between EOQ decision models and models used for performance evaluation
Use a supply-chain approach to inventory management
Differentiate materials requirements planning(MRP) systems from just-in-time (JIT) systems for manufacturing
Identify the major features of a just-in-time production system
Use backflush costing
Describe three different versions of backflush costing.EXERCISES
Economic order quantity for retailer. Football World (FW) operates a megastore featuring sports merchandise. It uses an EOQ decision model to make inventory decisions. It is now considering inventory
Economic order quantity, effect of parameter changes (continuation of20-16). Athletic Products (AP) manufactures the Argos’ jerseys that Football World (FW) sells to its cus¬tomers. AP has
are the same. Comment on the result.Suppose AP proposes to “assist” FW. AP will allow FW’s customers to directly order from the AP Web site. AP would directly ship to these customers. AP would
EOQ for a retailer. The Cloth Centre buys fabrics and sells them'to a wide range ofindustrial and consumer users. One ofthe products it carries is denim cloth, used in the manufacture ofjeans and
EOQ for manufacturer. Beaumont Corporation makes air conditioners. It purchases 14,400 units of a particular type of compressor part, CU29, each year at a cost of $60 per unit.Beaumont requires a 12%
Sensitivity of EOQ to changes in relevant ordering and carrying costs. Alyia Company’s amiual demand for Model X253 is 12,000 units. Alyia is unsure about the relevant carrying cost per unit per
Economic order quantity for retailer, ordering and carrying costs. Office Emporium(OE) is deciding the purchase order quantity for a new modem product. Annual demand is 24,000 units. Ordering costs
JIT production, relevant benefits, relevant costs. The Evans Corporation manufactures cordless telephones. Evans is planning to implement a JIT production system, which requires annual tooling costs
Backflush costing and JIT production. Road Warrior Corp. assembles hand-held comput¬ers that have scaled-down capabilities of laptop computers. Each hand-held computer takes 6 hours to assemble.
Backflush costing, two trigger points, materials purchase and sale (continuation of 20-24).Assume the same facts as in Exercise 20-24, except for the following change. Road Warrior Corp.now uses a
Backflush costing, two trigger points, production completion and sale (continuation of 20-24). Assume the same facts as in Exercise 20-24 except now Road Warrior uses only two trigger points, the
Effect of different order quantities on ordering costs and carrying costs, EOQ. Koala Blue retails a broad line of Australian merchandise at its London store. It sells 26,000 Ken Done linen bedroom
EOQ, uncertainty, safety stock, reorder point. (CMA, adapted) The fitarr Company dis¬tributes a wide range of electrical products. One of its best-selling items is a standard electric motor. The
EOQ, cost of prediction error. Ralph Menard is the owner of a truck repair shop. He uses an EOQ model for each of his truck parts. He initially predicts the annual demand for heavyduty tires to be
JIT purchasing, relevant benefits, relevant costs. (CMA, adapted) The Margro Corporation is an automotive supplier that uses automatic turning machines to manufacture precision parts from steel bars.
Backflush costing and JIT production. The Ronowski Company produces telephones. For June, there were no beginning inventories of raw materials and no beginning and ending work in process. Ronowski
Backflush, two trigger points, materials purchase and sale. Assume the same facts as in Problem 20-31. Assume that the second trigger point for the Ronowski Company is the sale—rather than the
Backflush, two trigger points, production completion and sale (continuation of INVENT jusunTim^and 21-31). Assume the same facts as in Problem 20-31 except now there are trigger points at the
Relevant benefits and costs ofJIT purchasing. Hardesty Medical Instruments is considering JIT implementation in 2007. Hardesty’s annual demand for product XJ-200, a surgical scalpel, is 20,000
Supplier evaluation and relevant costs of quality and timely deliveries. Copeland Sporting Goods is evaluating two suppliers of footballs, Big Red and Quality Sports.Pertinent information about each
Backflush costing and JIT production. The Acton Corporation manufactures electrical meters. For August, there were no beginning inventories of direct (raw) materials and no beginning and ending work
Backflush, two trigger points, materials purchase and sale. Assume die same facts as in Problem 20-37. Assume that the second trigger point for the Acton Corporation is the sale—rather than the
Backflush, two trigger points, production completion and sale (continuation of20-37).Assume the same facts as in Problem 20-37 except now there are only two trigger points, the completion of good
Supply-chain analysis, company viewpoints. Manufacturing companies participating in a supply-chain initiative linking manufacturers and retailers recently made the following com¬ments on the
Backflush costing, income manipulation, ethics. Shira Honig, the chieffinancial officer of Silicon Valley Computer, is an enthusiastic advocate of just-in-time production. The SVC Keyboard Division
Backflushing. The following conversation occurred between Brian Richardson, plant man¬ager at Glendale Engineering, and Charles Cheng, plant controller. Glendale manufactures automotive component
The value should provide for competitive pricing of the products which use the by-product as a raw material.LO.1
An incentive should be provided:a) for the development of products which will utilize internally the by-products produced by a company andb) for finding sales outlets for any by-products which cannot
The established valuation procedure should emphasize long-term conditions and should minimize adjustments for temporary abnormal situations.LO.1
Those which have an established market.LO.1

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