Management Accouting Chapeter 12 Problems
Essay Preview: Management Accouting Chapeter 12 Problems
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ACCT 5060
Final Exam
The four key behavioral considerations in management accounting and control system design include all of the following EXCEPT:
integrating the organizations pay scale
using a mix of short- and long-term qualitative and quantitative performance measures
empowering employees to be involved in decision making and MACS design
developing an appropriate incentive system to reward performance
Pressures on managers to act unethically include all of the following EXCEPT:
pressures to act in the long-run best interest of the shareholders
solicitations for confidential information
requests to falsify reports
requests to bias information in favor of certain stakeholders
To the extent that an ethical hierarchy exists, _____ have the highest authority.
societal norms
legal rules
organizational norms
personal norms
When a managers and employees goals are aligned with organizational goals, it is referred to as:
a diagnostic control system
the intensity factor
goal congruence
monitoring
The roles of performance measurement systems in organizations include all of the following EXCEPT:
motivate employees to help the organization achieve its strategic objectives
help managers with resource allocation
create value from intangible assets as well as their physical and financial assets
communicate the companys strategic objectives
The Balanced Scorecard is said to be “balanced” because it measures:
short-term and long-term objectives
financial and nonfinancial objectives
internal and external objectives
All of the above are correct.
The ______________ perspective of the Balanced Scorecard asks, “At which processes must we excel to satisfy our customers and shareholders?”
learning and growth
customer
process
shareholder
The __________ perspective of the Balanced Scorecard focuses on creating value for customers.
Value
Financial
Stakeholder
Customer
Measures of employees skills and capabilities are included in the ________ perspective of the Balanced Scorecard.
financial
internal
customer
learning and growth perspective
A chain of cause-and-effect relationships that appropriately link the four
balanced scorecard perspectives is:
a high return on investment causes customer loyalty that results in skilled production workers that improve process quality
skilled production workers help to produce process quality that results in customer loyalty that helps to increase return on investment
customer loyalty results in a high return on investment that results in the ability to attract skilled production workers that improve process quality
improved process quality results in a high return on investment that causes customer loyalty that results in the ability to attract skilled production workers
11. Participative budgeting is an approach to budgeting that
a. is top-down in nature.
b. allows top management to set the budget.
c. discourages budget slack.
d. is more likely to motivate people to work towards the organizations goals t
than a top-down approach.
12. Which of the following is not included in the operating budget?
a. Budgeted balance sheet
b. Sales budget
c. Selling and administrative budget
d. Raw materials purchases budget
13. A primary financial budget is the
a.. Production budget
b. Cash budget
c. Inventory budget
d. Selling and administrative budget
14. Jackel Company produces hand tools. A sales budget for the next four months is as follows: March 10,000 units, April 13,000, May 16,000 and June 21,000. Jackel Companys ending finished goods inventory policy is 10% of the following months sales. What is budgeted finished goods inventory for May?
a. 1,000
b. 1,300
c. 1,600
d. 2,100
In which