Question
The receiving department of Owen Pty Ltd has three activities: unloading, counting goods, and inspecting. Unloading requires a forklift that is leased for $15,000 per
- The receiving department of Owen Pty Ltd has three activities: unloading, counting goods, and inspecting. Unloading requires a forklift that is leased for $15,000 per year. The forklift is used only for unloading. The fuel for the forklift is $2,000 per year. Inspection requires special testing equipment that has a depreciation of $500 per year and an operating cost of $1,000 per year. Receiving has four employees who each have an average salary of $35,000 per year. The work distribution matrix for the receiving personnel is as follows:
| Percentage of Time |
Activity | on Each Activity |
Unloading | 25% |
Counting | 40% |
Inspecting | 35% |
Calculate the cost of counting.
- $14 per receiving hour
- $5 per receiving hour
- $4 per receiving hour
- $4.50 per receiving hour
Sydney Ltd budgeted the following sales in units:
January | 30,000 |
February | 20,000 |
March | 40,000 |
Sydneys policy is to have 20% of the following months sales in inventory. On January 1, inventory equalled 7500 units. What is Februarys production in units?
A. 20,000
B. 28,000
C. 24,000
D. 26,500
- Sydney Ltd provided the following information for last month.
Production in units | 3000 |
Direct materials cost | $7,000 |
Direct labour cost | $10,000 |
Overhead cost | $9,600 |
Sales commission per unit sold | $4 |
Price per unit sold | $29 |
Fixed selling and administrative expense | $7000 |
There were no beginning and ending inventories.
What was Sydneys cost of goods sold per unit?
A. $12.60
B. $8.87
C. $10.00
D. $12.50
- Which of the following is an example of a Management control system that would be most common in a small business;
A. performance measurement system
B. human resources management system
C. environmental management system
D. all of the above
- There are varying levels of strategy and the highest level of strategy is:
A. corporate level
B. enterprise level
C. functional level
D. business level
- Which of the following is not a characteristic of a successful strategic performance measurement system (SPMS)?
A. Using simple and understandable measures that are matched to the activities of employees.
B. Incorporating ethical responsibilities for senior management only since they are primarily responsible for strategy formulation.
C. Linking measured activities within the employees control to appropriate types of rewards.
D. Providing timely and frequent feedback for operational levels and timely but less frequent feedback for higher level reporting.
- Anchorvale is a manufacturer of processed sugar that is packaged and distributed to major supermarket chains, retail outlets, bakeries and cafes in Australia. Since sugar is a commodity, customers are highly price-sensitive when shopping for similar products. Hence, Anchorvale places much emphasis on efficiency and productivity in its operations to achieve the lowest cost within the industry. Anchorvale also invests substantially in innovation to determine new techniques that can be used to reduce costs in its value chain. The CEO at Anchorvale, Tim Watts, has recently attended a management seminar and has been introduced to the concept of a BSC. Tim believes that the use of a BSC can help focus company efforts to further pursue the companys strategy of being the largest producer of processed sugar in the industry.
Which of the following is a relevant lead indicator within the customer perspective of Anchorvales BSC?
A. Customer satisfaction
B. Increase in percentage of market share
C. Number of suggestions per employee
D. Unit product cost
- Express Online Pty Ltd is an Australian internet service provider. Its most popular internet service package retails for $80 a month and includes unlimited data downloads with a free modem, the provision of an entertainment set-top box and a home phone connection. This package is very popular as customers enjoy significant discounts with the package as compared to purchasing each item individually.
The pricing strategy associated with the internet service package is termed:
A. psychology pricing
B. price penetration
C. bundle pricing
D. economy pricing
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