Equivalent units help businesses understand the percentage of completion when there are common steps toward the measurable objective. True
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Administrative controls - Ch6 - please check my answers
Equivalent units help businesses understand the percentage of completion when there are common steps toward the measurable objective.
True
2. A partially completed unit cannot be transferred out until it has been completed.
True
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- (Choose one) Note: Provide the accurate solution and provide eexplanation for correct and incorrect options. MCQ Question: To improve the flow to your customer you need to a . Look through the eyes of the customer b. EEliminate process waste c. Eliminate waste in time and space d. Go and see for yourselfConcepts and Terminology From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: Appropriate term for Sentence completing sentence a. Advertising costs are usually viewed as (period, product) costs. b. Feedback is often used to (improve, direct) operations. c. Payments of cash or the commitment to pay cash in the future for the purpose of generating revenues are (costs, expenses). d. A product, a sales territory, a department, or an activity to which costs are traced is called a (direct cost, cost object). e. The balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory). f. Factory overhead costs combined with direct labor costs are called (prime, conversion) costs. g. The implementation of automatic, robotic factory equipment normally (increases, decreases) the direct labor component of product costs.Concepts and Terminology From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: Sentence Appropriate term for completing sentence a. Advertising costs are usually viewed as (period, product) costs. b. Feedback is often used to (improve, direct) operations. c. Payments of cash or the commitment to pay cash in the future for the purpose of generating revenues are (costs, expenses). d. A product, a sales territory, a department, or an activity to which costs are traced is called a (direct cost, cost object). e. The balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory). f. Factory overhead costs combined with direct labor costs are called (prime, conversion) costs. g. The implementation of automatic, robotic factory equipment normally (increases, decreases) the direct labor component of product costs.
- Question 1 (1 point) Saved For performance reports to achieve their control objectives, they must: Question 1 options: a. Include relevant information so that necessary action may be taken to accomplish organizational goals b. Be timely so that minimal time elapses between an activity's occurrence and the feedback reflecting the activity's efficient or inefficient performance c. Provide subsystem managers with suggestions as to how they can operate their subsystems more efficiently d. all of the above e. a and b only Question 2 (1 point) Saved Which of the following includes a thorough study of an existing system, including its strengths and weaknesses? Question 2 options: Detailed system design System analysis Functional analysis report Feasibility…is the delivery of products or services to customers. O a. Distribution b. Customer service c. Production d. Marketing Jump to... ot%=D98819&cmid%3D903508page%3=1Distinguish among scorekeeping, attention directing, and problem solving. Question content area bottom Part 1 Select the word that matches up with the definition listed. ▼ scorekeeping, attention directing, problem solving The recording (including accumulation and classification) of data for a later evaluation of performance. ▼ scorekeeping, attention directing, problem solving The reporting and interpretation of information for the purpose of focusing on inefficiencies of operation, opportunities for improvement, and imperfections and operating problems. ▼ scorekeeping, attention directing, problem solving The analysis of alternative courses of action to evaluate the best course of action.
- E Essay Tips: How to Paraphrase a * PlayStation 5 Console - Walmart x aystation 5-antonline.co x /7355/quizzes/38887/take O works to achieve goal congruence O supports the use of expert knowledge 1 pts Question 3 The performance evaluation system should provide incentives to segment managers for coordinating the activities of the subunits and directing them toward the overall company goals. Which of the following performance measurement goals has been described by this statement? O motivating segment managers O promoting goal congruence O providing feedback O benchmarking Question 4 Uniox, Inc. intends to increase its profits by 50% in the next fiscal year. Which of the following is most likely be a lag indicator in Uniox's performance renort?:Changing the design of the product is an example of A product level activity a O A batch level activity b O An organization sustaining activity .c O Aunit level activity d OUse the flowchart for Problem 3 to answer these questions a. What accounting document is represented by the symbol A? b. What is an appropriate name for the department labeled B? c. What would be an appropriate description for process C? d. What is the location represented by the symbol D? e. What accounting record is represented by the symbol E? f. What is an appropriate name for the department labeled H? g. What process is represented by the symbol F? h. What accounting record is represented by the symbol G? i. What accounting record is represented by the symbol G?
- Moving to another question will save this response. Question 5 What is the role of supporting department? OA. Provide services to the operating and other support departments. OB. None of them OC. Produce production OD. Provide service to the production department A Moving to anothPlease use the below format for your submitted answers, using a table or spreadsheet: Response Spreadsheet or Table Format 1. Segregation of II. Subsidiary ledger Duties errors A1. COSO objective A2. Design adequacy or Operational effectiveness A3. Insignificant, Significant, or Material A4. Overall conclusions B1. IA reporting B2. Management reporting III. Untimely reconciliationsQuestion#5 Match the items in the two columns below by entering the appropriate code letter in the space provided.A. Managerial accounting F. Work in process inventoryB. Financial accounting G. Direct materialsC. Planning H. Manufacturing overheadD. Directing I. Period costsE. Controlling J. Value chain1. The cost of products that are partially complete.2. The function of keeping activities in accordance with plans. 3. Primarily concerned with internal users and reports pertain to subunits of the entity.4. Materials that can be physically and directly associated with manufacturing a product. 5. The function of setting goals and objectives.6. Indirect costs of manufacturing a product.7. Primarily concerned with external users and reports pertain to the entity as a whole.8. Costs that are noninventoriable.9. All business processes…