150. Which of the following is an example of a strategic performance measurement system?

a.standard cost system

b.lean management system

c.balanced scorecard

d.product costing system

149. Waterfield Company has three decentralized segments. Executive managers are looking for a way to measure the performance of each segment. Which of the following metrics might be used for this purpose?

a.the residual income of each segment

b.the operating cash flows for the entire company

c.the material quantity variance in each segment

d.the number of training sessions provided to employees in each segment

148. Waterfield Company is looking for a way to help its executive managers assess how its three divisions are meeting the company's goals and objectives for the performance of its purchasing department. Which of the following metrics might be used for this purpose?

a.the amount of time employees spend in training

b.operating income

c.customer satisfaction rating

d.the material price variance

147. Waterfield Company is looking for a way to help its executive managers assess how the three divisions within the company are meeting the company's overall goals and objectives. The company is looking for a(n)

a.standard cost system

b.product costing system

c.performance measurement system

d.activity-based accounting system

145. Accounting for lean operations requires fewer transactions because

a.costs are accumulated in one department and then transferred to the next department

b.costs are transferred from department to department allowing for better control of costs

c.large batches of inventory are combined into a smaller number of transactions

d.combined materials and conversion costs are transferred to finished goods

144. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $7,370,000 and materials costs were $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units. Conversion costs are applied based on units of production

From the foregoing information, determine the production costs transferred to Cost of Goods Sold during August.

a.$408,480

b.$428,800

c.$473,600

d.$369,840

143. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $7,370,000 and materials costs were $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units. Conversion costs are applied based on units of production

From the foregoing information, determine the production costs transferred to Finished Goods during August.

a.$428,800

b.$408,480

c.$473,600

d.$369,840

142. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $7,370,000 and materials costs were $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units. Conversion costs are applied based on units of production

From the foregoing information, determine the amount of the conversion costs charged to Raw and In Process Inventory during August.

a.$428,800

b.$473,600

c.$369,840

d.$408,480

141. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $7,370,000 and materials costs were $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units. Conversion costs are applied based on units of production

From the foregoing information, determine the manufacturing cost per unit.

a.$240.00

b.$296.00

c.$1,870.50

d.$268.00

140. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $7,370,000 and materials costs were $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units. Conversion costs are applied based on units of production

From the foregoing information, determine the cell conversion cost rate.

a.$240.00 per unit

b.$296.00 per unit

c.$1,842.50 per unit

d.$268.00 per unit