Question
Total Quality Management; Innovation; Customer response time; Cost and Efficiency; Sustainability are: A. Key Success Factors B. Elements of Professional Ethic C. Supply chain classifications
Total Quality Management; Innovation; Customer response time; Cost and Efficiency; Sustainability are:
| A. | Key Success Factors | |
| B. | Elements of Professional Ethic | |
| C. | Supply chain classifications
| |
| D. | End-of year actions |
The value chain functions are:
A=Administration
PL=Planning
R&D = Research & Development;
DP= Design of Products;
P=Production;
M=Marketing,
D=Distribution;
CS=Customer Service
S=Sustainability
| A. | R&D; DP; P; M; D; CS | |
| B. | PL; A; P; M; D; CS | |
| C. | PL; M; P; A; CS; S | |
| D. | R&D; S; PL; P; D; CS |
A Budget is:
| A. | a quantitative expression of a proposed management plan | |
| B. | helps translate strategy into actions | |
| C. | aids in the coordination and communication among various business functions | |
| D. | All of these answers are correct. |
Planning and Control are:
| A. | aid in achieving organizations' goals | |
| B. | All of these answers are correct | |
| C. | flexible management tools | |
| D. | steps in in decision-making process |
When 20,000 units are produced, variable costs are $2 per unit. Therefore, when 40,000 units are produced
A. variable costs will total $80,000
B. variable costs will total $200,000
C. variable unit costs will increase to $20 per unit
D. None of these answers are correct
When 20,000 units are produced, fixed costs are $15 per unit. Therefore, when 40,000 units are produced fixed costs per unit will:
| A. | decrease to $7.5 per unit | |
| B. | $15 per unit | |
| C. | only will change in total $540,000 | |
| D. | None of these answers are correct. |
When 20,000 units are produced, variable costs are $8 per unit and fixed costs are $30 per unit. Therefore, when 30,000 are produced, your total costs are
| A. | 840,000 | |
| B. | $740, 000 | |
| C. | Non of these answers is correct | |
| D. | 600,000
|
Amber Manufacturing provided the following information for last month:
Sales $150,000
Variable costs 100,000
Fixed costs 25,000
Operating income $ 25,000
If sales double next month, what is the projected operating income?
| A. | $75,000 | |
| B. | $28,000 | |
| C. | None of these answers are correct.
| |
| D. | $38,000
|
Amber Manufacturing provided the following information for last month:
Sales $50,000
Variable costs 20,000
Fixed costs 12,000
Operating income $18,000
If sales will increase to $150,000 and fixed costs will increased to $14,000. What is the projected income?
| A. | $76,000 | |
| B. | $46,000 | |
| C. | $116,000 | |
| D. | None of them |
Manufacturing Company "XYZ" reported the following:
Manufacturing costs $ 6,000,000
Units manufactured 20,000
Units sold 17,000 units sold for $400 per unit
Beginning inventory 0 units
What is the average manufacturing cost per unit?
| A. | $300 | |
| B. | $200 | |
| C. | $180 | |
| D. | None of them |
Answer: 300
Manufacturing Company "XYZ" reported the following:
Manufacturing costs $ 6,000,000
Units manufactured 20,000
Units sold 17,000 units sold for $400 per unit
Beginning inventory 0 units
What is the amount of ending finished goods inventory?
| A. | $900,000 | |
| B. | $7,500,000 | |
| C. | $1.000,000 | |
| D. | None of them |
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
