Question 11 (1 point) The "Balanced Scorecard" is a way to measure historical financial performance measures future oriented financial performance measures the success of an organization's strategy the reliability of an organization's accounting systems Question 12 (1 point) True or false: As products "shelf life" in the market is becomingly shorter and shorter, it is imperative pricing strategies recover all relevant costs in a shorter period of time True False Question 13 (1 point) In theory, due it's more sophisticated analysis, a "single-rate" cost allocation method is superior in accuracy compared to a "dual-rate" cost allocation method. True False Question 14 (2 points) Your Company has 2 support departments "C" & "D", and 2 operating departments "S"&"R". Data for the month of June is as follows: Total Costs: "C" $1,000 "D" $2,000 "5" $6,000 "R" $4,000 Total "C" dept. hours: 50 broken down as follows: 5 by "D", 20 by "S" & 25 by "R" Total "D" dept. hours: 100 broken down as follows: 30 by "C", 35 by "S" & 35 by "R" Under the "Direct Method using hour usage as a guideline, how much of "D" costs will be allocated to "S"? $2,000 $1,000 $1,500 $883 Question 15 (1 point) of the 2 methods we discussed to allocate "Common Costs", which method is most likely be based on a "judgement call"? Stand-Alone Method Cause & Effect Incremental Cost Allocation Method Benefits Received Question 16 (1 point) The Balanced Scorecard approach to business management emphasizes financial measurements as the sole "key" to a company's long-term success True False Question 17 (1 point) "Price/rate and efficiency" (i.e. Level 3) variance analysis techniques can be used to compare variable costs between different production time periods True False