Managerial Accounting The Cornerstone of Business Decision Making 7e Maryanne M Mowen Don R Hansen Dan L Heitger - Test Bank Instant Download - Complete Test Bank With Answers Sample Questions Are Posted Below 1. Unit-level activities are performed each time a unit is produced. a. True b. False …
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Managerial Accounting The Cornerstone of Business Decision Making 7e Maryanne M Mowen Don R Hansen Dan L Heitger – Test Bank
Instant Download – Complete Test Bank With Answers
Sample Questions Are Posted Below
1. Unit-level activities are performed each time a unit is produced.
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2. Factors that measure the consumption of activities by products and other cost objects are value-added costs.
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3. Activity drivers should be classified as either unit-level or nonunit-level.
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4. Product diversity means that products consume overhead activities in systematically different proportions.
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5. The consumption ratio is the amount of each activity consumed by a product.
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6. An activity-based costing system first assigns costs to activities and then to cost objects.
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7. A volume-based costing system emphasizes direct tracing and driver tracing.
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8. An activity dictionary lists the activities in an organization along with some critical activity attributes.
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9. Activity attributes are financial and nonfinancial information items that describe individual activities.
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10. A work distribution matrix is derived from an interview or a written survey.
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11. Resource drivers are factors that measure the consumption of resources by product.
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12. To calculate an activity rate, the practical capacity of each activity must be determined.
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13. Activity inputs are the resources consumed by the activity in producing its output.
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14. Activity analysis is the effort expended to identify those factors that are the root causes of activity costs.
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15. One of the questions answered by activity analysis should be “What activities are done?”
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16. Activities necessary to remain in business are called valuable activities.
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17. Discretionary activities are necessary to comply with legal mandates.
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18. Costs that are caused by the inefficient performance of value-added activities are value added costs.
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19. The value-added standard is the waste-free component of the value-added activity.
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20. One of the three major dimensions of measuring activity performance is quality.
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21. One way to improve efficiency is to produce higher activity output with higher cost.
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22. Velocity is the length of time that it takes to produce a unit of output from the time raw materials are received until the good is delivered.
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23. A defective product is one that does conform to specifications.
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24. Zero defects means that most products conform to specifications.
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25. Activity elimination focuses on nonvalue-added activities.
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26. Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
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27. ___________________ are performed each time a unit is produced.
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28. _____________________ are factors that measure the consumption of activities by products and other cost objects and can be classified as either unit-level or nonunit-level.
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29. When products consume overhead activities in systematically different proportion due to such things as product size, product complexity, setup time and size of batches this is known as _________________.
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30. The ___________________ is calculated by taking the amount of the activity driver per product and dividing it by total driver quantity.
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31. _________________________ assigns costs to activities and then costs to cost objects.
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32. ____________________ are financial and nonfinancial information items that describe individual activities.
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33. A company will sometimes use a ____________________ which identifies the amount of labor consumed by each activity.
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34. Accurate ___________________ allow managers to make better pricing decisions, customer-mix decisions, and other customer-related decisions that improve profitability.
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35. Tracing ________________ costs to suppliers can enable managers to choose the true low-cost supplier.
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36. _________________________ is a system-wide, integrated approach that focuses management’s attention on activities with the objective of improving customer value and profit achieved by providing this value.
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37. A focus on cost reduction instead of cost assignment and emphasizing the maximization of systemwide performance is known as _______________________.
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38. A ____________________ is classified as value-added provided it simultaneously meets three conditions.
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39. When a new product can be designed to use components already being used by other products this is known as ________________.
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40. ______________ is concerned with doing the activity right the first time it is performed.
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41. Activities necessary to remain in business are known as _____________________.
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42. Setups, material handling, and inspection are all possible examples of
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43. ____ is present whenever products have different consumption ratios for different overhead activities.
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44. A(n) ____ ratio measures the proportion of an activity consumed by a product.
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45. Using only unit-based activity drivers to assign nonunit-related overhead costs can cause
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46. Activity drivers can be classified as either ____ or ____.
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47. ____ costs in many firms represent a much higher percentage of product costs than direct labor.
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48. The activity driver for the shipping activity of Withstand Inc. is the number of orders shipped. Product A uses 30 orders, and Product B uses 70 orders. Calculate the consumption ratios for each product. (Note: Round answer to two decimal places.)
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49. Receiving provides 12,000 receiving hours and costs $60,000 per year. What is the activity rate for receiving?
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50. Ringing Solutions produces 12,000 units of a cell phone. The production requires prime costs of $400,000, uses 2,500 machine hours, and takes 1,800 setup hours. The activity rates are $50 per machine hour and $130 per setup hour. What is the unit cost of a cell phone? (Note: Round answer to two decimal places.)
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51. The moving activity of Alpha Inc. has an expected cost of $200,000. Expected direct labor hours are 50,000, and the expected number of moves is 90,000. What is the best activity rate for moving? (Note: Round answer to two decimal places.)
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| 52. Alpha Technology produces two products: a high end laptop under the label Excellent Laptops and an inexpensive desktop under the label Outstanding Computers. The two products use two overhead activities, with the following costs:
The controller has collected the expected annual prime costs for each product, the machine hours, the setup hours, and the expected production.
Calculate Outstanding Computer’s consumption ratio for setup hours. (Note: Round answer to two decimal places.)
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| 53. Alpha Technology produces two products: a high end laptop under the label Excellent Laptops and an inexpensive desktop under the label Outstanding Computers. The two products use two overhead activities, with the following costs:
The controller has collected the expected annual prime costs for each product, the machine hours, the setup hours, and the expected production.
Calculate the overhead cost per unit for Excellent Laptops using a plantwide rate based on direct labor costs. (Note: Round answer to two decimal places.)
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| 54. Alpha Technology produces two products: a high end laptop under the label Excellent Laptops and an inexpensive desktop under the label Outstanding Computers. The two products use two overhead activities, with the following costs:
The controller has collected the expected annual prime costs for each product, the machine hours, the setup hours, and the expected production.
Calculate the overhead cost per unit for each of Outstanding Computer’s computer using overhead rates based on machine hours and setup hours.(Note: Round answer to two decimal places.)
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| 55. Witness Manufacturing produces two types of cameras: 35mm and digital. The cameras are produced using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows:
Calculate the total overhead assigned to the 35mm cameras, using only machine hours to calculate a plantwide rate. (Note: Round the plantwide rate to two decimal places.)
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56. Witness Manufacturing produces two types of cameras: 35mm and digital. The cameras are produced using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows:
Calculate the consumption ratio for setups on the digital cameras. (Note: Round answer to two decimal places.)
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57. Witness Manufacturing produces two types of cameras: 35mm and digital. The cameras are produced using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows:
Using an activity rate for receiving based on receiving orders, assign receiving costs to the 35mm cameras.
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58. Rizzo Manufacturing produces two types of cameras: 35mm and digital. The cameras are produced using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows:
Calculate an activity rate for packing based on packing orders.
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59. A costing system that first assigns costs to activities and then to products is
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60. A list of activities accompanied by information that describes each activity is an activity ____.
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61. ____ are assigned using direct tracing and resource drivers.
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62. In an activity dictionary, types of resources consumed is an example of a(n)
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63. A(n) ____ is derived from the interview process (or written survey).
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64. To calculate an activity rate, the ____ of each activity must be determined.
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65. Interviews and surveys are used to identify
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66. ____ can help a company become more competitive by providing more accurate cost data.
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67. A company has two inspectors, each earning a salary of $75,000. One inspector works exclusively on inspecting parts received from outside suppliers, while the other spends 30% of her time inspecting parts and 70% of her time inspecting final products. How much labor cost should be assigned to the activity, inspecting parts?
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68. Last year, Stevita Inc. shipped 3,000,000 kilograms of goods to customers at a cost of $2,400,000. If an individual customer orders 20,000 kilograms and produces $400,000 of revenue (total revenue is $40 million), the amount of shipping cost assigned to the customer using activity-based costing would be
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69. Rollo Company has developed cost formulas for the drivers of the following production activities:
The budgeted inspection cost for 20 setups is
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| 70. The receiving department of Owen has three activities: unloading, counting goods, and inspecting. Unloading requires a forklift that is leased for $15,000 per year. The forklift is used only for unloading. The fuel for the forklift is $2,000 per year. Inspection requires special testing equipment that has a depreciation of $500 per year and an operating cost of $1,000 per year. Receiving has four employees who each have an average salary of $35,000 per year. The work distribution matrix for the receiving personnel is as follows:
Calculate the cost of unloading.
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71. The receiving department of Owen has three activities: unloading, counting goods, and inspecting. Unloading requires a forklift that is leased for $15,000 per year. The forklift is used only for unloading. The fuel for the forklift is $2,000 per year. Inspection requires special testing equipment that has a depreciation of $500 per year and an operating cost of $1,000 per year. Receiving has four employees who each have an average salary of $35,000 per year. The work distribution matrix for the receiving personnel is as follows:
Calculate the cost of counting.
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| 72. The receiving department of Owen has three activities: unloading, counting goods, and inspecting. Unloading requires a forklift that is leased for $15,000 per year. The forklift is used only for unloading. The fuel for the forklift is $2,000 per year. Inspection requires special testing equipment that has a depreciation of $500 per year and an operating cost of $1,000 per year. Receiving has four employees who each have an average salary of $35,000 per year. The work distribution matrix for the receiving personnel is as follows:
Calculate the cost for inspection.
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73. Which of the following is not a possible source of customer diversity?
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74. Workshape Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders. Both types of distributors purchase the same product. The customer activities and costs for the previous quarter are as follows:
Calculate the activity rate for processing sales orders. (Note: Round answer to two decimal places.)
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75. Workshape Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders. Both types of distributors purchase the same product. The customer activities and costs for the previous quarter are as follows:
Calculate the activity rate for selling goods. (Note: Round answer to two decimal places.)
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76. Workshape Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders. Both types of distributors purchase the same product. The customer activities and costs for the previous quarter are as follows:
Calculate the activity rate for servicing goods. (Note: Round answer to two decimal places.)
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| 77. Workshape Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders. Both types of distributors purchase the same product. The customer activities and costs for the previous quarter are as follows:
Calculate the total customer cost for the JIT distributors. (Note: Round the activity rates and activity costs to the nearest dollar.)
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78. Workshape Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders. Both types of distributors purchase the same product. The customer activities and costs for the previous quarter are as follows:
Calculate the total customer cost for the non-JIT distributors. (Note: Round the activity rates and activity costs to the nearest dollar.)
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| 79. Fame Company manufactures engines. Fame produces all the parts necessary for its engines, except for one electronic component, which is purchased from two local suppliers: Hydra International and Parable Company. Both suppliers are reliable and rarely deliver late. Hydra sells the component for $12.00 per unit, while Parable sells the same component for $10.00. Fame purchases 80% of its components from Parable because of the lower price it offers. The total annual demand is 95,000 units.
Calculate the activity rate for inspecting components based on sampling hours. (Note: Round answer to the nearest dollar.)
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80. Fame Company manufactures engines. Fame produces all the parts necessary for its engines, except for one electronic component, which is purchased from two local suppliers: Hydra International and Parable Company. Both suppliers are reliable and rarely deliver late. Hydra sells the component for $12.00 per unit, while Parable sells the same component for $10.00. Fame purchases 80% of its components from Parable because of the lower price it offers. The total annual demand is 95,000 units.
Calculate the activity rate for reworking products based on rework hours. (Note: Round answer to the nearest dollar.)
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81. Fame Company manufactures engines. Fame produces all the parts necessary for its engines, except for one electronic component, which is purchased from two local suppliers: Hydra International and Parable Company. Both suppliers are reliable and rarely deliver late. Hydra sells the component for $12.00 per unit, while Parable sells the same component for $10.00. Fame purchases 80% of its components from Parable because of the lower price it offers. The total annual demand is 95,000 units.
Calculate the activity rate for warranty work based on warranty hours. (Note: Round answer to the nearest dollar.)
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| 82. Fame Company manufactures engines. Fame produces all the parts necessary for its engines, except for one
electronic component, which is purchased from two local suppliers: Hydra International and Parable Company. Both suppliers are reliable and rarely deliver late. Hydra sells the component for $12.00 per unit, while Parable sells the same component for $10.00 per unit. Fame purchases 80% of its components from Parable because of the lower price it offers. The total annual demand is 95,000 units.
Calculate the total activity cost per component associated with using Hydra International as the supplier. (Note: Round the activity rates to the nearest dollar and the cost per component to two decimal places.)
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| 83. Fame Company manufactures engines. Fame produces all the parts necessary for its engines, except for one electronic component, which is purchased from two local suppliers: Hydra International and Parable Company. Both suppliers are reliable and rarely deliver late. Hydra sells the component for $12.00 per unit, while Parable sells the same component for $10.00. Fame purchases 80% of its components from Parable because of the lower price it offers. The total annual demand is 95,000 units.
Calculate the total cost per component associated with using Parable Company as the supplier. (Note: Round the activity rates to the nearest dollar and the cost per component to two decimal places.)
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| 84. Fame Company manufactures engines. Fame produces all the parts necessary for its engines, except for one electronic component, which is purchased from two local suppliers: Hydra International and Parable Company. Both suppliers are reliable and rarely deliver late. Hydra sells the component for $12.00 per unit, while Parable sells the same component for $10.00. Fame purchases 80% of its components from Parable because of the lower price it offers. The total annual demand is 95,000 units.
Suppose that Fame loses $3,500,000 in sales per year because of its reputation for defective units attributable to failed components. Using warranty hours, assign the proportional cost of lost sales to Hydra International. What is the increase in the cost per component? (Note: Round the lost sales per warranty hour and the cost of the component to two decimal places.)
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| 85. Fame Company manufactures engines. Fame produces all the parts necessary for its engines, except for one electronic component, which is purchased from two local suppliers: Hydra International and Parable Company. Both suppliers are reliable and rarely deliver late. Hydra sells the component for $12.00 per unit, while Parable sells the same component for $10.00. Fame purchases 80% of its components from Parable because of the lower price it offers. The total annual demand is 95,000 units.
Suppose that Fame loses $3,500,000 in sales per year because of its reputation for defective units attributable to failed components. Using warranty hours, assign the proportional cost of lost sales to Parable Company. What is the increase in the cost per component? (Note: Round the lost sales per warranty hour and the cost of the component to two decimal places.)
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86. All of the following are supplier-driven activities except
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87. ____ is the length of time required to produce one product; ____ is the number of units that can be produced in a given period of time.
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88. The identification and elimination of activities that fail to add value refers to
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89. The process of choosing among different sets of activities caused by competing strategies refers to
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90. The process of decreasing the time and resources required by an activity is known as
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91. Increasing the efficiency of necessary activities by using economies of scale is known as
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92. ____ is concerned with identifying the root causes of activity costs.
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93. Which of the following is not one of the three conditions necessary to be classified as a discretionary activity?
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94. ____ activities are unnecessary activities.
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95. Activity-based management attempts to
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96. Which is not a component of process value analysis?
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97. Complying with the filing requirements of the IRS is an example of a
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98. Which of the following is not an example of a nonvalue-added activity?
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99. ____ focuses on the relationship of activity inputs to activity outputs.
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100. ____ is concerned with doing the activity right the first time it is performed.
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101. Assume that a company takes 4,500 hours to produce 15,000 units of a product. What is the cycle time for the company? (Note: Round answer to two decimal places.)
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102. Assume that a company takes 10,000 hours to produce 50,000 units of a product. What is the velocity for the company?
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| 103. Consider the following two activities: (1) performing warranty work, cost: $60,000. The warranty cost of the most efficient competitor is $10,000. (2) Purchasing components, cost: $100,000 (5,000 purchase orders). A study reveals that the most efficient level would use 2,500 purchase orders and entail a cost of $55,000.
What is the total nonvalue-added cost?
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104. Assume that a company spends $15,000 a year for inspecting, $45,000 for purchasing, and $26,000 for reworking products. A good estimate of nonvalue-added costs would be:
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| 105. A manual process takes 20 minutes of direct labor time and 8 pounds of material to produce a product. Automating the process requires 16 minutes of machine time and 6 pounds of material. The cost per labor hour is $10, the cost per machine hour is $8, and the cost per pound of materials is $12.
Find the nonvalue-added cost for the given situation. (Note: Round all calculations and the answer to two decimal places.)
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106. With its original design, a machine requires 14 hours of setup time. By redesigning the machine, the setup time is reduced by 30%. The cost per setup hour is $325. Calculate the reduction in the nonvalue-added cost per setup.
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107. A product currently requires 6 moves. By changing the plant layout, the number of moves can be reduced to 2. The cost per move is $40. Calculate the reduction in the nonvalue-added cost of the moving activity.
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108. Inspection time for a plant is 12,000 hours per year. The cost of inspection consists of salaries of four inspectors, totaling $65,000. Inspection also uses supplies costing $4 per inspection hour. The company has a close to zero-defect state and has eliminated the need for any inspection activity. Calculate the nonvalue-added cost of inspection per year.
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109. Each unit of a product requires 5 components. The average number of components is 5.50 due to component failure. Purchasing higher quality components can reduce the average number of components to 5 per unit. The cost per component is $450. Calculate the reduction in failure costs per unit due to purchasing higher quality components.
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110. A plant produces 85 different electronic products. Each product requires an average of seven components that are purchased externally. By redesigning the products, it is possible to produce the 85 products so that they all have four components in common. This will reduce the demand for purchasing, receiving, and paying bills. Estimated savings from the reduced demand are $1,400,000 per year. Calculate the nonvalue-added cost of purchasing, receiving, and paying bills.
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111. A factory produces 130,000 televisions per quarter. A total of 9,000 production hours are used by the factory per quarter. Calculate the cycle time in minutes. (Note: Round answer to two decimal places.)
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112. A factory produces 130,000 televisions per quarter. A total of 9,000 production hours are used by the factory per quarter. Compute the velocity in units per hour. (Note: Round answer to two decimal places.)
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113. Which of the following is true of nonvalue-added activities?
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114. Which of the following is a value-added activity?
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115. The time required to produce one unit of a product is the
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116. Randy Company produces candy sticks (hooked and straight). Both products pass through two producing departments. The hooked stick’s production is much more labor-intensive than the straight stick. The straight stick is also more popular. The following data have been gathered for the two products:
Total overhead costs equal $400,000. Randy applies overhead based on direct labor hours.
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117. Xander Company produces televisions. One of its plants produces two versions of televisions: a basic model and a premium model. At the beginning of the year, the following data were prepared for the plant:
Additionally, the following overhead activity costs are reported:
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118. Xander Company produces televisions. One of its plants produces two versions of televisions: a basic model and a premium model. At the beginning of the year, the following data were prepared for the plant:
Additionally, the following overhead activity costs are reported:
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| 119. Taylor Corporation produces two models of their leather brief cases: deluxe and standard. The four activities and four drivers are as follows:
Required: A. Calculate the consumption ratios for the four drivers, rounding to 2 decimal places.
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120. Armstrong Company produces a variety of bicycles. One of its plants produces two bicycles: a mountain model and a racing model. At the beginning of the year, the following data were prepared for this plant:
In addition, the following information was provided so that overhead costs could be assigned to each product:
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121. Armstrong Company produces a variety of bicycles. One of its plants produces two bicycles: a mountain model and a racing model. At the beginning of the year, the following data were prepared for this plant:
In addition, the following information was provided so that overhead costs could be assigned to each product:
Armstrong Company uses activity-based costing to calculate product costs.
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122. Tires Unlimited Corp. produces two types of tires, regular and snow tires. The company uses activity-based costing and has identified two activities and their budgeted costs:
Molding is based on mixing hours and assembly is based on machine hours. Information regarding each product is as follows:
Required:
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123. Randy Company produces candy sticks (hooked and straight). Both products pass through two producing departments. The hooked sticks’s production is much more labor-intensive than the straight sticks. The straight stick is also more popular. The following data have been gathered for the two products:
Randy has decided to use activity-based costing and has developed two types of activities, machine related (based on machine hours), and other overhead (based on packing orders). Machine-related costs equal $160,000. Other overhead costs equal $240,000.
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124. The Thompson Company uses activity-based costing to determine product cost. Three activities and their rates have been calculated as shown below.
Thompson provided the following data from the job order cost sheet for Job #345
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| 125. Assume that the accounts payable department of a company has 5 clerks; each one is paid $25,000 per year ($125,000 total clerical salaries). On average, the clerks spend:
20% of their time on processing payments In addition, long distance telephone costs of $1,700 are directly traced to the activity “correcting errors.”
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| 126. Assume that the accounts payable department of a company has 10 clerks; each one is paid $25,000 per year ($250,000 total clerical salaries). Six of the clerks spend the following percentages of time on the three activities:
20% of their time on processing payments One clerk, the head clerk, spends 50% of her time on administrative duties, and the remainder on error correction. The remaining three clerks spend 30% of their time on processing payments and the remaining 70% of their time on matching documents. Long distance telephone costs of $1,700 are directly traced to the activity “correcting errors.”
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127. Sallisaw Savings & Loan has requested an analysis of checking account profitability by customer type. Customers are categorized according to size of their account: low balances, medium balances, and high balances. The activities associated with the three different customer categories and their associated annual costs are as follows:
Additional data concerning the usage of the activities by the various customers are also provided:
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| 128. Sallisaw Savings & Loan has requested an analysis of checking account profitability by customer type. Customers are categorized according to size of their account: low balances, medium balances, and high balances. The activities associated with the three different customer categories and their associated annual costs are as follows:
Additional data concerning the usage of the activities by the various customers are also provided:
Sallisaw uses an activity-based costing system. The activity rate for opening and closing statements is based on the number of accounts opened and closed. The activity rate for issuing monthly statements is based on the number of statements issued. The activity rate for processing transactions is based on the number of transactions processed. The activity rate for customer inquiries is based on the number of telephone minutes. The rate for ATM services is based on the number of ATM transactions.
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129. Heedy Company makes a product using two departments − Department 1 and Department 2. Information on these departments is as follows:
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130. Browning Manufacturing Company uses activity-based costing. The overhead budget for the coming period is $1,053,000, consisting of the following:
The potential allocation bases and their estimated amounts were as follows:
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131. Russell Company uses Beltran Company and Southern Express Inc. to buy the electronic chip used in the manufacturing of its GPS device. Russell Co. has been using these two companies for several years and would like to cut down to only one supplier to purchase the 1,200,000 chips needed per year. In order to determine which supplier is the most cost effective Russell Co. compiled the following data:
Required:
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132. Stinler Corporation manufactures curtains for retail stores and for individual customers. The retail chain buys 70% of the curtains produced. The individual customers purchase curtains in approximately equal quantities, where the orders are about the same size. Data concerning Stinler’s customer activity are as follows:
Currently customer-driven costs are assigned to customers based on units sold, a unit-level driver. Required:
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| 133. Flynn Company has a JIT system in place. Each manufacturing cell is dedicated to the production of a single product or major subassembly. One cell, dedicated to the production of guitar pickups, has four operations: machining, finishing, assembly, and testing.
For the coming year, the pickup cell has the following budgeted costs and cell time (both at theoretical capacity):
During the year, the following actual results were obtained:
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134. Lorimer Company had sales of $2,500,000 for last year. Data on quality-related costs for last year are as follows:
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135. Consider the following information on activities:
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| 136. Charlotte Company produces folding chairs. It takes the company 18,000 hours to produce 90,000 chairs.
Required: A. What is the velocity in hours? B. What is the cycle time in hours?
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Match each item with the correct statement below.
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137. Activities that are performed each time a unit is produced.
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138. Factors that measure the consumption of activities by products and other cost objects.
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139. Financial and nonfinancial information items that describe individual activities.
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140. System that emphasizes direct tracing and driver tracing.
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141. Factors that measure the consumption of resources by activities.
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Match each item with the correct statement below.
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142. Resources consumed by the activity in producing its output.
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143. Result or product of an activity.
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144. The number of times an activity is performed.
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145. Process that answers the question “How many people perform the activities?”
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146. Costs necessary to perform value-added activities with perfect efficiency.
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Match each item with the correct statement below.
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147. Involves choosing among different sets of activities that are caused by competing strategies.
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148. Increases the efficiency of necessary activities by using economies of scale.
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149. The length of time it takes to produce a unit of output from the time raw materials are received until the good is delivered to finished goods inventory.
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150. Activities necessary to remain in business
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151. Cost assignment method used for a cost of a resource that is exclusively used by an activity.
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Original price was: $30.00.$20.00Current price is: $20.00.
Original price was: $30.00.$20.00Current price is: $20.00.
Original price was: $30.00.$20.00Current price is: $20.00.
Original price was: $30.00.$20.00Current price is: $20.00.
Original price was: $30.00.$20.00Current price is: $20.00.
Original price was: $30.00.$20.00Current price is: $20.00.
