Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need to know financial perspective the key measures to financial perspective? here the list Krater Associates is an architectural firm that has been in

image text in transcribed
image text in transcribed
image text in transcribed
i need to know financial perspective the key measures to financial perspective?
here the list
image text in transcribed
image text in transcribed
Krater Associates is an architectural firm that has been in practice only a few years. Because it is a relatively new firm, the market for the firm's services is very competitive. To compete successfully, Krater must deliver quality services at a low cost. Krater presents the following data for 2019 and 2020 (Click the icon to view the data) Architect labor-hour costs we variable costs. Architect support costs for each year depend on the Architect support capacity that Krater chooses to maintain each year (that is, the number of jobs it can do each year). Architect support costs do not vary with the actual number of jobs done that your Read the rements Requirement 1. is Krater Associate's strategy one of product differentiation or cost leadership? Explain brety el Krator's strategy is a cont leadership strategy Krater plans to grow by producing high-quality service at a low cost delivered to customers in a timely manner Requirement 2. Describe key measures you would include in Krater's balanced scorecard and your reasons for doing so. 5 Financial Perspective c) for Data table - 2019 2020 44 46 1. Number of jobs billed 2. Selling price per job 3. Architect labor-hours 4. Cost per architect labor-hour 5. Architect support capacity (number of jobs the firm can do) 6. Total cost of software-implementation support 7. Software-implementation support-capacity cost per job $ 36,000 $35,000 19,000 30,000 $ 38 $ 39 61 61 $ 164,700 $ 176,900 $ 2,700 $ 2.900 Print Done 1 Requirements h-qul es y 1 Per 1. Is Krater Associate's strategy one of product differentiation or cost leadership? Explain briefly. 2. Describe key measures you would include in Krater's balanced Scorecard and your reasons for doing so. Print Done Barance scorecard and your roas Financial Perspective Cost reductions in key areas Customer responsiveness Customer satisfaction Employee satisfaction and motivation Hours of employee training Increase operating income from productivity gains and growth Market share New customers Quality of lob are the desians what the customer wanted? CE MacBook Air AN SO 888 ed 24 :: Go 2 $ 4 % 5 3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A Business Perspective

Authors: Jefferson Williams, Roger Hermanson, James Don Edwards

10th Edition

1930789793, 978-1930789791

Students also viewed these Accounting questions

Question

What is the difference between absolute and relative pay?

Answered: 1 week ago