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Please see attached. Hope them done ASAP. Thank you 112.Management Accounting Terminology Match the following terms with the best descriptions. Each description is used only
Please see attached. Hope them done ASAP. Thank you
112.Management Accounting Terminology Match the following terms with the best descriptions. Each description is used only once. Terms 1. Ethics 2. Mission 3. Controlling 4. Goal 5. Cost driver 6. Quality 7. Balance statement 8. Income statement 9. Strategic cost management 10. Financial accounting 11. Activity cost driver 12. Structural cost driver 13. Managerial accounting 14. Resources 15. Product differentiation Description a. Making decisions concerning specific cost drivers b. Factors that influence costs c. Reports a company's financial position d. Accounting for external users e. Increase year 2017 sales by 10 percent over year 2016 sales f. Shows the results of operations for a period time g. Packing an order for shipment h. Deciding to limit market focus to a region rather than the entire nation i. The degree to which a new ebook reader meets a buyer's expectations j. Used internally to make decisions k. Consumed by activities l. The propriety of taking some action m. Reduces customer price sensitivity n. Basic purpose toward which activities are directed 0. Comparing the budget with the actual results 1-13. Financial and Managerial Accounting Indicate whether each phrase is more descriptive of financial accounting or managerial accounting. a May be subjective b Often used to state corporate goals c Typically prepared quarterly or annually d May measure time or customer satisfaction e Future oriented f Has a greater emphasis on cost-benefit analysis g Keeps records of assets and liabilities h Highly aggregated statements i Must conform to external standards j Special-purpose reports k Decision-making tool l Income statement, balance sheet, and statement of cash flows 1-15. Missions, Goals, and Strategies Identify each of the following as a mission, goal, or strategy. a. Budget time for study, sleep, and relaxation b. Provide shelter for homeless c. Provide an above-average return to investors d. Protect the public e. Locate first stations so that the average response time is less than five minutes. f. Overlap police patrols so that there are always police cars on major throughfares g. Achieve a 12 percent market share h. Lower prices and costs i. Select the most scenic route to drive between Las Vegas and Denver j. Graduate from college 1-26 Activities and Cost Drivers For each of the following activities, select the most appropriate cost driver. Each cost driver may be used only once. Activity 1. Pay vendors 2. Receive material deliveries 3. Inspect raw materials 4. Plan for purchases of raw materials 5. Packaging 6. Supervision 7. Employee training 8. Operating machines 9. Machine maintenance 10.Opening accounts at a bank Cost Driver a. Number of different raw material items b. Number of classes offered c. Number of machine hours d. Number of employees e. Number of maintenance hours f. Number of units of raw materials received g. Number of new customers h. Number of deliveries i. Number of checks issued j. Number of customer ordersStep by Step Solution
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