CMA（P1）——Performance

信息来源：金融范    2014-09-30 10:05    knroman

	Budget	Actual
Raw material	$100,000	$89,000
Direct labor	$50,000	$54,000

The company should investigate
A. neither the material variance nor the labor variance.
B. the material variance only.
C. the labor variance only.
D. both the material variance and the labor variance.

6、 Brannen Videotronics uses a four-way allocation of overhead, machine hours to allocate overhead, and years of experience as the main determinant for wage increases. The standards are set and revised on an annual basis.
Due to a surge in competitive pressures, Brannen’s management decided to undertake downsizing. Brannen offered incentives that permitted a large number of senior employees to opt in the middle of the year for early retirement. As a result, Brannen had to bring in temporary replacements who were paid entry-level wages to see that work deadlines were met. Which one of the following is most likely to result from this situation?
A. Unfavorable efficiency variances and favorable price variances.
B. Unfavorable efficiency variances and unfavorable price variances.
C. Favorable efficiency variances and unfavorable price variances.
D. Favorable efficiency variances and favorable price variances.

7、Richter Company has an unfavorable materials efficiency (usage) variance for a particular month. Which one of the following is least likely to be the cause of this variance?
A. Inadequate training of the direct labor employees.
B. Poor performance of the shipping employees.
C. Poor design of the production process or product.
D. Poor quality of the raw materials.

8、Which one of the following best describes the performance elements contained in most balanced scorecards?
 

	Financial Performance Measures	Nonfinancial Performance Measures
A.	No	No
B.	No	Yes
C.	Yes	No
D.	Yes	Yes

9、Which one of the following allocation approaches will ensure that the production departments do not underestimate their planned usage of service at the start of the budget period as well as make the service departments cost efficient?
A. The use of actual rates and actual hours for both fixed and variable costs.
B. Budgeted rates and standard hours allowed for output attained for variable costs and budgeted rates and capacity available for fixed costs.
C. The use of rates and quantities based on long-term historical averages for both variable and fixed costs.
D. The use of a budgeted lump-sum amount based on estimates provided by the production departments for both variable and fixed costs.

10、 Which one of the following is an incorrect description of transfer pricing?
A. It measures the value of goods or services furnished by a profit center to other responsibility centers within a company.
B. If a market price exists, this price may be used as a transfer price.
C. It measures exchanges between a company and external customers.
D. If no market price exists, the transfer price may be based on cost.

11、Manhattan Corporation has several divisions that operate as decentralized profit centers. At the present time, the Fabrication Division has excess capacity of 5,000 units with respect to the UT-371 circuit board, a popular item in many digital applications. Information about the circuit board follows.
 

关键词:  

         Performance