Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Please provide only appropriate answers: 1) 2) 3) 4) 5) 6) 7) Miracle Green Corporation operates two garden supply stores: A and B. The following

Please provide only appropriate answers:

1)

image text in transcribed

2)

image text in transcribed

3)

image text in transcribed

4)

image text in transcribed

5)

image text in transcribed

6)

image text in transcribed

7)

image text in transcribed

Miracle Green Corporation operates two garden supply stores: A and B. The following information relates to store A $860,000 364,000 Sales revenue Variable operating expenses Fixed expenses: Traceable to A and controllable by A Traceable to A and controllable by others 255,000 116,000 A's segment profit margin is: Lead indicators guide management to: Multiple Choice take actions now that will have positive effects on organizational performance now. take actions now that will have positive effects on organizational performance in the future. pursue identical strategies as those implemented with lag indicators. O take actions in the past that will have positive effects on organizational performance in the future. take actions in the future that will have positive effects on organizational performance now. Sandy Shores Corporation operates two stores: Jand K. The following information relates to J: $1,800,000 700,000 Sales revenue Variable operating expenses Fixed expenses : Traceable to ) and controllable by J Traceable to I and controllable by others 375,000 90,000 J's segment contribution margin is: Republic Resorts owns numerous hotels on each of the Hawaiian Islands. The company's performance reporting system is structured around the firm's organizational structure, with information flowing from operating departments at a particular property and later respectively grouped by individual hotel, island operation (i.e., division), and the company as a whole. Which of the following best depicts the detail level of the information given to a department manager versus that reported to a company vice-president? A. B. Department Manager Company Vice-President Somewhat detailed Somewhat detailed Somewhat detailed Somewhat summarized Somewhat summarized Somewhat detailed Somewhat summarized Somewhat summarized None of the answers is correct. C. D. E. Management of Wee Ones (WO), an operator of day-care facilities, wants the company's profit to be subdivided by center. The firm's accountant has provided the following data: Center Downtown Irvine H. Beach Budgeted Actual Revenue Revenue $ 422,500 $ 427,500 676,000 581,400 591,500 701,100 $1,690,000 $1,710,000 Budgeted Actual Direct Costs Direct Costs $ 367,200 $ 390,000 535,500 483,600 627,300 686,400 $1,530,000 $1,560,000 Totals WO's advertising, which is handled by the home office, is not reflected in the preceding figures and amounted to $72,000. Assume that management used the allocation base that is most influenced by advertising effort and consistent with sound managerial accounting practices. How much advertising would be allocated to the Irvine center? The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions: Revenues Variable operating expenses Controllable fixed expenses Noncontrollable fixed expenses Restin, Inc. $880,000 482,000 225,000 75,000 Los Angeles Division $240,000 132,000 70,000 20,000 Bay Area Division $275,000 145,000 80,000 25,000 Central Valley Division $365,000 205,000 75,000 30,000 In addition, the company incurred common fixed costs of $19,500. Assuming use of a responsibility accounting system, which of the following amounts should be used to evaluate the performance of the Los Angeles division manager? The typical balanced Scorecard is best described as containing: Multiple Choice nonfinancial performance measures. financial performance measures. both financial and nonfinancial performance measures. O neither financial nor nonfinancial performance measures. either financial or nonfinancial performance measures but not both

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

help

Answered: 1 week ago