GB 519 Measurement & Decision Making Unit 5 Quiz Answers – Homeworkmade

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GB 519 GB/519 GB519 Unit 5 Quiz (Kaplan)

1. When comparing Activity-based costing (ABC) and the Theory of Constraints (TOC), the approach each method takes toward profitability analysis is
2. Many firms are finding it is difficult to compete successfully on cost leadership or differentiation alone, and they must, in fact, compete on both: 
3. The sequence of activities within the firm which begins with research and development, followed by design, and manufacturing, marketing/distribution, and customer service is the: 
4. During the sales life cycle, which is an example of what happens during the growth phase?
5. An organization subject to intense competitive pressures would most likely use:
6. Which one of the following is the difference in direct material costs between the actual cost incurred during the period and the total standard cost in the flexible budget for the units manufactured during the period?
7. A flexible-budget variance for any fixed cost: 
8. By convention, short-term financial control is accomplished by all the following except:
9. Which of the following statements regarding the “expected value of perfect information”
10. A deviation from standard because of the failure to include one or more relevant variables, or the inclusion of the wrong or irrelevant variables in the standard-setting process is an example of a(n):
11. In terms of the variance-investigation decision, an “indifference probability,” p, of 10%:
12. As long as the organization is making good progress toward achieving an ideal standard, its management may not need to: 
13. Matinna Co. maintains no inventories and has the following data pertaining to one of its direct materials in July:
14. In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U; and, sales volume variance, in terms of contribution margin, $27,000U.
15. In September, Larson Inc. sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 is fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U; and, sales volume variance, in terms of contribution margin, $27,000U. The amount of operating income in the flexible budget (FB) for September was: