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Question: What are the four categories of measures


What are the four categories of measures in a balanced scorecard?



> Brent Bishop is the Vice President of Operations for Southern Sweets Bakery. He drives a 2021 Toyota Prius as his company car, and it has a fair market value of $41,500. The annual lease for the vehicle is $10,750. He reported driving 34,750 miles during

> Judi Pendegrass is an account representative at Ever Pharmaceuticals. She has a company car for customer visits, which she uses to commute from work to home on Friday nights and from home to work on Monday mornings, 50 weeks per year. Her commute is 25 m

> John Cotton is an employee at Radiance Senior Living. He received the following benefits from his employer during 2021 on the company’s location for company purposes: Personal protective equipment: $50 per month Employer-provided cell phone: $50 per mont

> Keren Wiseman is an employee of Dimensionworks Designs in New Mexico. She received the following achievement awards from her employer during 2021: Best safety plan, Santa Fe County: $1,200 Top emergency plan layout, New Mexico: $1,600 Ten-year employee a

> Susana Robledo is the office manager for Wardley and Sons Auto Detailing. Because it is a small office she is required to keep track of all employee records and pay both employees and contractors. Which of the following are legal factors that will differ

> Alisha Thomas is a graphic designer at a large marketing firm. She earns $56,000 annually, paid biweekly. She contributes 5 percent of her gross pay to her qualified 401(k) plan on a pre-tax basis and has a pre-tax medical premium of $350. What is her ta

> Joe Ramsey is a computer programmer at Biosphere Communications. He approaches you, the payroll accountant about his garnishment for child support, claiming that he wishes to remit it personally because he needs to increase his net pay. What advice shoul

> Geoffrey Young, an outside sales representative for Marshall Communications, receives 20 percent commission on all new marketing packages he receives in his sales territory. During the week ending April 2, he sold $9,700 of new subscriptions and worked 4

> Terry McNutt, a single employee with two dependents, is paid $12 per hour and receives commission on net sales. He does not receive a commission until his net sales exceed $150,000. Once the minimum sales volume is reached, he receives 4 percent commissi

> Gail Schneeweis is a nurse at Central City Hospital. She is paid $32.50 per hour and has a 40-hour standard work week. During the biweekly pay period from January 15-29, she worked a total of 87 hours. What is her gross pay? Round your intermediate calcu

> Morris Lann works for Talbert Electronics. He is a shared employee; he works in the manufacturing department and has been trained to work the sales counter in need. He was asked to work in the sales department for two days, 5 hours each day during other

> Cheryl Bryant completed 22 custom cakes on her 18-cake contract as an employee of Frontier Wedding Planners. There is a bonus earned if the individual exceeds 145% of their piece contract. How many cakes must Cheryl complete in the remainder of the week

> Bobby Howard is a salaried exempt employee at Coric Industries. He is married with two withholding allowances. His contract stipulates a 40-hour work week at $47,500 per year. During the week ending November 27, there was a company paid holiday for one d

> Rico Musgrove is an 18-year-old worker in the receiving department of Trynix Inc. in St. Paul, Minnesota. On his first paycheck, he notices that he received $170.00 gross pay for 40 hours of work. Did his employer pay him correctly? Explain.

> Stephanie Parker is a salaried, nonexempt administrator for Forise Industries and is paid biweekly. Her annual salary is $63,000, and her standard workweek is 45 hours. During the pay period ending February 3, 2021, she worked 8 hours overtime. She is ma

> Malcolm Figueroa is a sales employee of Carefree Pools and Spas, Inc. In 2021, he was issued a company car with a fair market value of $35,000. He drove a total of 22,000 miles, used the car for 2,000 miles for personal use, and his employer paid for fue

> Damien Carranza is a nonexempt employee of Verent Enterprises where he is a salesperson earning a base annual salary of $30,000 with a standard 40-hour work week. He earns a 3 percent commission on all sales during the pay period. During the weekly pay p

> Each of the following workers is piece-rate workers at Golden Boats in Connecticut. If the employees have a standard 40-hour workweek, what is their effective hourly rate? Based on the state’s minimum wage in Connecticut, calculate each employee’s minimu

> Brian Packer worked the following schedule: Monday, 9 hours; Tuesday, 7 hours 30 minutes; Wednesday, 8 hours 48 minutes; Thursday, 8 hours 25 minutes; Friday, 8 hours. The employer pays overtime for all time worked in excess of 40 hours per week. Compute

> Ted McCormick is a full-time life insurance agent with Centixo Insurance, a small insurance company. The company has classified him as an employee, and he feels that he should be classified as an independent contractor because he receives no company bene

> Twinte Cars, a California corporation, has internal corporate requirements that stipulate a three-year payroll document retention period. They enter into a contract with an international company that mandates a six-year payroll document retention require

> Maria Rupert is the payroll supervisor at All Family Investments. Management is requesting to have the investment salespeople, who are paid on an hourly basis, be classified as exempt employees because their job duties occasionally require evening and we

> Aaron Tallchief is a citizen of the Northern Pomo Indian Nation. In completing his I-9, he provides an official Northern Pomo Nation birth certificate to establish identification and employment eligibility. Is this sufficient documentation? Why or why no

> Leona Figueroa is a new employee in the payroll department of Octolium Computers. After working at the company for one week, she asks you why it is so important to submit new hire documentation. What guidance will you offer her?

> You are the new payroll supervisor for your company. Which payroll documentation control procedures are now your responsibility?

> Louis Trivaldi is a Vice President of Sales at Fields Brothers Autos and earns a salary of $59,000. What is Louis’s period pay for each of the following pay frequencies:

> You have been hired as a consultant for Semiva Productions, a company facing an IRS audit of their accounting records. During your review, you notice anomalies in the payroll system involving overpayments of labor and payments to terminated employees. Wh

> Project labor agreements (PLAs) are used in certain states to promote pay and benefit equity for construction workers. Specifically, PLAs ensure that construction workers who choose not to join a union have access to the same pay and benefits as their un

> Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. a. $94,000 in raw materials were purchased for cash. b. $89,000 in raw materials were use

> Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to

> The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. The overhead that had been applied to production during the year is dist

> Refer to the data in Exercise 6–16. Assume that Minneapolis’ sales by major market are: The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. The

> Refer to the data in Exercise 6–14 for Chuck Wagon Grills. Assume in this exercise that the company uses absorption costing. Required: 1. Compute the unit product cost for one barbecue grill. 2. Prepare an income statement for last year.

> Refer to the data in Exercise 6–1 for Ida Company. The absorption costing income statement prepared by the company’s accountant for last year appears as shown: Required: 1. Under absorption costing, how much fixed man

> Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company’s operations last year follow: Required: 1. Assume that the company us

> The following cost data relate to the manufacturing activities of Chang Company during the just completed year: The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to jobs. A total of 19,400 machine-hours were u

> Osborn Manufacturing uses a predetermined overhead rate of $18.20 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $218,400 of total manufacturing overhead for an estimated activity level of 12,000 direct labor-ho

> Primare Corporation has provided the following data concerning last month’s manufacturing operations. Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the mon

> What are the four types of costs summarized in a quality cost report? How do companies generally seek to lower their cost of quality?

> Below are listed various costs that are found in organizations. 1. Hamburger buns in a Wendy’s restaurant. 2. Advertising by a dental office. 3. Apples processed and canned by Del Monte. 4. Shipping canned apples from a Del Monte plant

> The Alpine House, Inc. is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: ……………………………………………………………….Amount Sales ………………………………………………………… $150,000 Selling price per pair of skis ………………….………………

> Wollogong Group Ltd. of New South Wales, Australia, acquired its factory building 10 years ago. For several years, the company has rented out a small annex attached to the rear of the building for $30,000 per year. The renter’s lease wi

> Refer to the data given in Exercise 1-7. Answer all questions independently. Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost pe

> Refer to the data given in Exercise 1-7. Answer all questions independently. Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. For financial accounting purposes, what is the total

> Superior Micro Products uses the weighted-average method in its process costing system. During January, the Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning work in process in

> Alaskan Fisheries, Inc., processes salmon for various distributors and it uses the weighted average method in its process costing system. The company has two processing departments cleaning and Packing. Data relating to pounds of salmon processed in the

> The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Each unit requires 0.2 direct labor-hours and direct laborers are paid $16.00 per hour. In addition, th

> Dawson Toys, Ltd., produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established the following standards for the Maze toy: During July, the company produced 3,000 Maze toys. The toy&aci

> Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: During the most recent month, the following activity was recorded: a. Twenty thousand pounds of ma

> Quality Motor Company is an auto repair shop that uses standards to control its labor time and labor cost. The standard labor cost for a motor tune-up is given below: The record showing the time spent in the shop last week on motor tune-ups has been mis

> Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solution

> SkyChefs, Inc. prepares in-flight meals for a number of major airlines. One of the company’s products is grilled salmon with new potatoes and mixed vegetables. During the most recent week, the company prepared 4,000 of these meals using 960 direct labor-

> Lindon Company is the exclusive distributor for an automotive product that sells for $40 per unit and has a CM ratio of 30%. The company’s fixed expenses are $180,000 per year. The company plans to sell 16,000 units this year. Required: 1. What are the

> Mauro Products distributes a single product, a woven basket whose selling price is $15 per unit and whose variable expense is $12 per unit. The company’s monthly fixed expense is $4,200. Required: 1. Calculate the company’s break-even point in unit sale

> Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses process costing, appear below: A total of 20,100 units were completed and transferred to the next processing depa

> Bandar Industries manufactures sporting equipment. One of the company’s products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. The plasti

> “I thought lean production was supposed to make us more efficient” commented Ben Carrick, manufacturing vice president of Vorelli Industries. “But just look at June’s manufacturing v

> Simmons Company is a merchandiser with multiple store locations. One of its store managers is considering a shift in her store’s product mix in anticipation of a strengthening economy. Her store would invest $800,000 in more expensive merchandise (an inc

> Darwin Company manufactures only one product that it sells for $200 per unit. The company uses plantwide overhead cost allocation based on the number of units produced. It provided the following estimates at the beginning of the year: During the year, t

> Why is using sales dollars as an allocation base usually a poor choice for allocating fixed costs to operating departments?

> Koontz Company manufactures two models of industrial components—a Basic model and an Advanced Model. The company considers all of its manufacturing overhead costs to be fixed and it uses plantwide manufacturing overhead cost allocation

> A comparative balance sheet and an income statement for Rowan Company are given below: Rowan also provided the following information: 1. The company sold equipment that had an original cost of $16 million and accumulated depreciation of $9 million. The

> Millen Corporation is a merchandiser that is preparing a master budget for the month of July. The company’s balance sheet as of June 30 is shown below: Millen’s managers have made the following additional assumptions

> Newton Company manufactures and sells one product. The company assembled the following projections for its first year of operations: During its first year of operations Newton expects to produce 25,000 units and sell 20,000 units. The budgeted selling p

> Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs

> Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master bu

> Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master bu

> Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master bu

> Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master bu

> Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master bu

> Why should a service department’s budgeted costs, rather than its actual costs, be charged to operating departments?

> Sendai Company has budgeted costs in its various departments as follows for the coming year: The company allocates service department costs to other departments in the order listed below. Machining and Assembly are operating departments; the other depa

> Hobart Company manufactures attaché cases and suitcases. It has five manufacturing departments. The Molding, Component, and Assembly departments convert raw materials into finished goods; hence, they are treated as operating departments. The

> The Bayview Resort has three operating departments—the Convention Center, Food Services, and Guest Lodging—that are supported by three service departments—General Administration, Cost Accounting, and

> Bend Corporation consists of three decentralized divisions—Grant Division, Able Division, and Facet Division. The division managers are evaluated and rewarded based on their division’s profit. They each can choose to sell their products to outside custom

> Morley Products is a wholesale distributor that competes in three markets—Commercial, Home, and School. It prepared the following segmented income statement: Although the Commercial Market has the highest sales, it reports much lower p

> Southside Pizzeria wants to improve its ability to manage the ingredient costs associated with making and selling its pizzas. For the month of June, the company plans to make 1,000 pizzas. It has created a planning budget that includes a cost formula for

> For the year just completed, Hanna Company had net income of $35,000. Balances in the company’s current asset and current liability accounts at the beginning and end of the year were as follows: The Accumulated Depreciation account had

> Labeau Products, Ltd., of Perth, Australia, has $35,000 to invest. The company is trying to decide between two alternative uses for the funds as follows: The company’s discount rate is 18%. Required: 1. Compute the net present value o

> White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on machine-hours, and the Finishing Department base

> Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,000 for direct materials, $8,000 for direct labor, and $6,000 for overhead on its job

> What does suboptimization mean?

> Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: The planning budget for March was based on producing and selling 25,000

> Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown belo

> The Excel worksheet form that appears below is to be used to recreate the Review Problem pertaining to Codington Corporation. The workbook, and instructions on how to complete the file, can be found in Connect. You should proceed to the requirements bel

> The Excel worksheet form that appears below is to be used to recreate the Review Problem pertaining to the Magnetic Imaging Division of Medical Diagnostics, Inc. The workbook, and instructions on how to complete the file, can be found in Connect. You sh

> The Excel worksheet form that appears below is to be used to recreate the Review Problem pertaining to Ferris Corporation. The workbook, and instructions on how to complete the file, can be found in Connect. You should proceed to the requirements below o

> The Excel worksheet form that appears below is to be used to recreate portions of Review Problem 1 relating to Dexter Corporation. The workbook, and instructions on how to complete the file, can be found in Connect. You should proceed to the requirement

> The Excel worksheet form that appears below is to be used to recreate part of the example relating to Turbo Crafters that appears earlier in the chapter. The workbook, and instructions on how to complete the file, can be found in Connect. You should pro

> This Excel worksheet form is to be used to recreate Exhibit 1–7. The workbook, and instructions on how to complete the file, can be found in Connect. Required: 1. Check your worksheet by changing the variable selling cost in the Data a

> The Excel worksheet form that appears below is to be used to recreate the Review Problem related to Mynor Corporation. The workbook, and instructions on how to complete the file, can be found in Connect. You should proceed to the requirements below only

> The Excel worksheet form that appears below is to be used to recreate portions of the Review Problem relating to Voltar Company. The workbook, and instructions on how to complete the file, can be found in Connect. You should proceed to the requirements

> Managers often assume a strictly linear relationship between cost and the level of activity. Under what conditions would this be a valid or invalid assumption?

> This exercise relates to the Double Diamond Skis’ Shaping and Milling Department that was discussed earlier in the chapter. The Excel worksheet form that appears below consolidates data from Exhibits 4–5 and 4â&#

> The Excel worksheet form that appears on the next page is to be used to recreate the main example in the text pertaining to Colonial Pewter Company. The workbook, and instructions on how to complete the file, can be found in Connect. You should proceed t

> This Excel worksheet relates to the Dickson Company example that is summarized in Exhibit 2-5.The workbook, and instructions on how to complete the file, can be found in Connect. You should proceed to the requirements below only after completing your wo

> The Excel worksheet form that appears below is to be used to recreate Example E and Exhibit 14–8. The workbook, and instructions on how to complete the file, can be found in Connect. You should proceed to the requirements below only af

> The Excel worksheet form that appears below is to be used to recreate the example in the text related to Santa Maria Wool Cooperative. The workbook, and instructions on how to complete the file, can be found in Connect. You should proceed to the require

> The Excel worksheet form that appears on the next page is to be used to recreate the Review Problem relating to Harrald’s Fish House. The workbook, and instructions on how to complete the file, can be found in Connect. You should procee

> If variable manufacturing overhead is applied to production on the basis of direct labor hours and the direct labor efficiency variance is unfavorable, will the variable overhead efficiency variance be favorable or unfavorable, or could it be either? Exp

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