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business
managerial accounting decision making

Questions and Answers of Managerial Accounting Decision Making

Omega Manufacturing Company has two production divisions, industrial products and consumer electronics, and three service departments, administration, personnel, and maintenance Budgeted costs for
First State Bank has two revenue-producing departments, demand deposits and loans. The bank also has three service areas, administration, personnel, and accounting. The direct costs per month and the
Med Alert is a 24 -hour walk-in medical service provider that has two revenue-producing departments, laboratory and patient care. It also has two service departments, administration and custodial
Dempsey Manufacturing operates a cafeteria for the benefit of all employees. The cost of operating the cafeteria is allocated to the operating departments on the basis of number of employees in the
Rivercity Mortgage Company provides mortgage servicing for financial institutions. As a mortgage servicer, Rivercity collects mortgage payments from homeowners on behalf of banks and other mortgage
Public Airlines provides low-cost commuter flight service between 10 cities in the northwest United States. During a recent stop in Seattle, the plane for Flight 107 had 4,000 pounds of passenger
Ace Auto Repair Shop provides service repairs for most domestic car models. Ace charges customers based on the time and materials that are used for service repairs. At the beginning of each year, the
Linus Railway operates a freight line connecting the southeast United States with ports located in Texas, New York, New Jersey, and South Carolina. Cost accounting data are used to help management
Use the cost information presented in Exhibit 8 of this chapter to assist you in preparing your responses to this problem.Various stakeholder groups are interested in the cost and quality of health
Ted Macintosh is a computer programmer for Warsaw Products. The computer programming department at Warsaw provides service support to every other department within the company, including other
Medic Delivery provides transportation services between doctors' offices and a hospital laboratory. The company owns three small cars and a minivan. Each morning the company runs specific routes to
A major airline is interested in restructuring its service operations to become more efficient, competitive, and customer-oriented. Management has identified the following areas to investigate:-
Wild Bill's Muffler Shop employs mechanics to replace automobile muffler and exhaust systems for customers. The exhaust systems of certain vehicles are more complex than others and require more time
James Academy is a private school providing K-12 education. The academy operates three divisions: Lower, Middle, and Upper Schools. Two additional divisions provide support to these operating
1. Service department costs must be allocated to revenue-producing departments in order to:a. determine the proper value of services provided.b. assist in determining the profitability of services
Majestic Manufacturing Company has three service departments: maintenance, cafeteria, and material handling. The company also has two operating departments: fabrication and assembly. The service
C. Everett Koop, former Surgeon General of the United States, said:The goal of healthcare reform should be a healthy society. People must take charge of their own health, should choose lifestyles so
Books | Experts Admin | New Admin | Old Admin | Online Catalog | Coupons | Account | Log Off | Customer Support | Membership | Customer Support Home | Production | Content Developer | Books New |Wed,
Professor Smith was discussing TQM with his accounting class. A student asked how TQM principles might be applied to a university setting. Smith replied, "There seems to be a great deal of confusion
Sung Yu Chen is a purchasing manager for Hilbert Construction, a builder of custom homes. Hilbert is implementing JIT philosophies and has informed Sung Yu that new purchasing procedures need to be
Sung Yu Chen is a purchasing manager for Hilbert Construction, a builder of custom homes. Hilbert is implementing JIT philosophies and has informed Sung Yu that new purchasing procedures need to be
Apex Technologies produces automotive filters that are used by original equipment manufacturers of automobiles and light trucks. The company also markets a line of replacement filters that are sold
Apex Technologies produces automotive filters that are used by original equipment manufacturers of automobiles and light trucks. The company also markets a line of replacement filters that are sold
Gearworks, Inc., manufactures parts for industrial machinery. The manufacturing process requires a variety of machines that grind, heat treat, and polish steel into various shapes. Three different
Millworks, Inc., is a manufacturer of defense systems used by the military. Typically, Millworks produces three types of components in four different work centers. Though the components are part of
Lamar Manufacturing produces radio alarm clocks. The company offers three clock models with various features. Each clock is assembled in a single plant that is laid out in a functional format. Each
Franklin Berm \& Company is a manufacturer of sporting goods. The company employs over 700 workers who are organized under a labor union contract. Management at Franklin plans to implement total
Brown and Pickens manufactures a variety of battery-operated hand tools, including a cordless screwdriver, drill, and hand saw. The company produces these items in a plant organized in a
Corsair Window Company manufactures custom-insulated windows and screens for residential and commercial uses. Each window is manufactured to specific building measurements. Corsair utilizes a JIT
Second Mortgage Lenders (SML) was established in 1985 for the purpose of writing home equity loans, often referred to as second mortgages. For example, if a homeowner's property has a market value of
Olympic Insurance provides home and auto coverage to policyholders in six states. Olympic has agents in many cities, but has a central office in Atlanta, Georgia. This office issues policies and
Music Makers currently has the capacity to produce 500,000 CDs per month. It produces 400,000 data CDs and sells these for \(\$ 2.50\) per unit. It produces 100,000 music CDs and sells these for \(\$
A key concept of the JIT inventory system is to:a. utilize work-in-process as a cushion for production when material deliveries are late or a department is unable to operate.b. purchase raw materials
Many companies have made shortening the production rate of various processes their primary goal. Most of these companies have reviewed costs and eliminated as much product cost as feasible. Now the
Perma-Clear Glass Company was founded in 1980 by Rob Samson and enjoyed rapid growth as demand for new construction materials exceeded supply. The company became efficient at converting large sheets
The management of Joyful Car, Inc., is considering replacing the company's current semiautomated car washing equipment with a fully-automated system that would eliminate all labor except that
In the middle 1970s, the National Bank of Georgia (NBG) seized an opportunity to establish a branch in a major office complex that was being built in downtown Atlanta. The facility represented a new
Refer to the Case in Point involving General Motors' decision to fund the Allison Transmission "World Transmission Project." GM originally expected to spend approximately \(\$ 500\) million on the WT
Capital investment decisions are important decisions about acquiring long-term assets.a. Operational decisions are those decisions that affect the day-to-day operations of the company and the
Capital investment decisions often involve large outlays of cash for long periods of time.a. Several factors affect the risk associated with capital investments.b. Capital investment decisions can be
Traditional approaches to justifying capital investments are of two types, discounting and nondiscounting.a. Discounting methods take into account the time value of money.1. The net present value
Several additional factors should enter into capital investment decisions.a. The service life is the period during which an investment is expected to be used.b. Residual value is the market value of
The new manufacturing environment has changed capital investment decision making for many companies.a. Capital investment decisions have become more strategic.b. The costs of capital investments are
Making sound strategic capital investment decisions requires managers to avoid several pitfalls.a. Managers should carefully consider salvage values and use appropriate discount rates.b. Managers
Managers often are reluctant to terminate a failing project.a. Reasons for this reluctance can be divided into project, psychological, social, and structural determinants.b. Managers can reduce this
Managers at Precision Products are considering a change in the method used to apply paint to the company's products. The new method represents the newest technology. Instead of traditional "wet"
A local manufacturing company is planning to purchase a new computer software system that will affect the entire company. The new system will allow the receptionist to log all incoming calls and
Tim and Tom are brothers who split a large inheritance. Tim used all of his money to buy a company that manufactures a single product used in high-tech industries. Tom used his money to lease two
Caltron Enterprises operates a multimillion-dollar plant and is considering an expansion of its facilities to support a new product line. Should the cost of the company's existing plant and equipment
Classify each of the following capital investment decisions as either operational or strategic Briefly justify your answers.1. A bank decides to build a new branch in the same town where it has 15
Assume that a friend has asked to borrow \(\$ 100\) from you. You agree, as long as your friend pays you \(6 \%\) annual interest to provide for the time value of money. Your friend wants to know
Erin Brady won a \(\$ 500\) prize in a raffle. The winning ticket states, "Prizes are payable in six months from contest date, or may be discounted at \(10 \%\) for immediate payment." Erin has asked
Douglas Wright has calculated the net present value of a proposed project investment and has obtained a negative amount. Assuming that Douglas calculated the net present value properly, what does the
Julie Russo attended a company meeting to discuss a potential investment in new machinery. The company uses the payback method to analyze potential investments. After reviewing the figures, Julie
Bill Rubble, president of Melinco Company, reviewed a proposal for a project investment that was submitted by the vice president of production. Bill attached a note to the proposal that said, "Please
Samuel Sanchez is a project manager for Johnson Industries. Samuel wants to analyze a potential investment. He seeks a method that considers the project's profitability but is not affected by the
Capital budgeting models such as NPV, internal rate of return, payback, and accounting rate of return make managing easier, because future projects can be approved immediately if target values are
Paul Bruce, controller of Chief Industries, performs investment analysis for all of the company's capital projects. Paul has complained that investment analysis is difficult because there are so many
Assume that the internal rate of return on a particular capital investment project has been calculated and is exactly equal to the target rate a company has established for such projects. If tax
Woodcrest, Inc., a textile manufacturer, is considering purchasing a new type of technology that is advertised to improve the efficiency and lower the cost of its cloth dyeing process. What factors
Auto Parts, Inc., uses traditional manufacturing assembly lines to manufacture starters and alternators. Much of Auto Parts' equipment is wearing out, and company management is considering what type
Tanguchi Equipment Company manufactures cabs and chassis for fire trucks, ambulances, and other emergency vehicles. Parts manufactured by Tanguchi require precision and quality. The company employs a
Newhart Company is planning a major capital investment program to automate its production processes, which are currently labor-intensive. What impact on its cost structure should the company expect
Everyday Plastics Corporation wants to invest in new machinery that will allow the company to be more responsive to changes in customer demand. The company has an excellent credit rating and can
In an effort to convince the president of Utah Instruments to expand the company's product lines, Lynnette Peters, vice president of marketing, inflated potential future sales figures on a proposed
Chambers Industries manufactures copper tubing used in many mechanical applications. The company believes that it must invest in a new facility if it is to remain competitive with foreign
Westco, Inc., is considering a capital investment project. Explain how each of the following objs. situations would affect the capital investment decision Westco is considering. Explain whether each
Allen Hardaway is president of Fly High Shoes. Allen recently approved the purchase of several acres of land near the company factory to build a retail shoe outlet. Allen's plan to sell shoes
JetPak, Inc., delivers overnight business letters internationally and very recently began building a new capital investment in an airport distribution center in Cincinnati. The project has been
Home First Bank must invest in a new computer system to handle banking transactions. Management has considered buying from one of two vendors. National Computers, Inc., offers higher-priced equipment
Central European Telephone Service (CETS) wants to expand its cellular operations in a deObj. 5 veloping country. The country currently has a penetration rate of cable telephone service to only one
Write a short definition of each of the terms listed in the Terms and Concepts Defined in this Chapter section.
Five types of decisions follow. Classify each decision as strategic or operational. Justify your answer.a. A steel company's managers implement a policy of charging extra handling fees for orders of
Five types of decisions follow. Classify each decision as strategic or operational. Justify your answer.a. The head nurse for Riverview City Hospital revised the nursing schedule for July 5-11
Managerial decisions may be classified as either operational or strategic. Five business decisions follow. Classify each decision as operational or strategic and justify your answer.a. A
The Northport YMCA operates an indoor pool that permits year-round swimming. The YMCA offers a variety of member services such as youth and adult swimming lessons, lap swimming, and unstructured open
As discussed in Exhibit 2 of the chapter, six elements comprise the TQM philosophy. Match the correct description to each of the following TQM elements: TQM Element 1. Who are our customers? 2. What
The elements of TQM follow. Explain the logic supporting the ordering of the TQM elements.- Who are our customers?- What are the needs of our customers?- How can our products or services satisfy
Three nonfinancial performance measures and definitions follow. Match the appropriate definition to each nonfinancial performance measure. Why is gaining an understanding of these measures
The manufacturing process at SteelCo. Office Products consists of cutting, assembly, and finshing. Each product requires five minutes for cutting, seven minutes for assembly, and four minutes for
City Surgical Center specializes in outpatient surgery. Typically, each patient requires 12 minutes for admitting and completing insurance documentation, 19 minutes of surgical preparation, 25
Following are characteristics of product-oriented plant designs. Explain why each characteristic is associated with product-oriented plant layouts.a. Minimal transportation (materials handling)
Point Co. produces artificial stone materials used by landscapers. Investment in fixed assets totals \(\$ 1,400,000\). Sales and expense information is as follows:Management at Point Co. believes
Arizona Jewelry Company makes individual pieces of sterling and turquoise jewelry in a multistep process as follows:a. Identify the bottleneck process at Arizona Jewelry Company and explain your
A manufacturing process consists of four steps as follows:a. Identify the bottleneck process. Explain your answer.b. Calculate the throughput that would result from an eight-hour manufacturing
Mary Wells sat in her office after a long walk through the manufacturing plant. She has been under a great deal of pressure from corporate to reduce the backlog of late orders. She knew the key to
The theory of constraints often is used to improve process performance by wisely managing bottlenecks or constraints. The proper ordering of the five steps recommended to improve process performance
Deb Samson is the owner of a company that produces glass products, such as shower doors, table tops, and specialty windows for recreational vehicles. The process involves cutting glass into the
Use the information presented in E11-17.Using the theory of constraints, Deb Samson invested in technology to improve the processing speed of the bottleneck from 10 minutes per unit to 7 minutes.a.
A large regional financial consulting firm currently is making a number of important strategic and operational decisions as a result of rapid growth during the past three years. Examples of recent
A national automobile insurance company uses a multistep process to evaluate automobile damage and to settle damage claims for their policyholders. When a policyholder notifies the company that an
Jiffy Lunch is a service organization that prepares and delivers meals to elderly people. As a service project, a university sorority provides most of the delivery services. Each of the 20 volunteer
To illustrate the concepts in this chapter, all the self-study problems use the production process of Autobrake. Autobrake produces aftermarket (replacement) brake cylinders used by automobile repair
Refer to the information presented in Self-Study Problem 1.\section*{Required}A. Calculate the following for the manufacturing process at Autobrake:1. Production rate 2. Total processing time 3.
Autobrake wishes to identify bottlenecks in the production process.\section*{Required}A. How would you identify potential bottlenecks by observing a manufacturing process?B. If the bottleneck in
Managers use accounting information to help them make strategic and operational decisions.a. Strategic decisions are major, high-level decisions that affect the overall direction of an
Total quality management includes the following activities:a. Identify customers.b. Identify customer needs.c. Identify product (good or service) features.d. Identify process (production or delivery)
Just-in-time (JIT) has the following key elements:a. High-quality input and output are required.b. Inventory levels are reduced.c. Production rates become faster.d. Suppliers become partners, rather
Manufacturing plants typically are organized as process-oriented or product-oriented facilities.a. Process-oriented facilities typically group equipment by function; all welders, painters, or
The theory of constraints has the following key steps:a. Identify the process constraint (the bottleneck).b. Decide how to make the most efficient use of the constraint.c. Subordinate all other

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