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Case: Johansen's: The New Scorecard System
Question 1: What kinds of companies should implement a basket-of-measures approach, such as balanced scorecard, rather than just monitoring and rewarding their general managers' performances based on a single bottom-line summary performance measure?
The marketing manager believes the higher-quality product would increase sales by 10% per month. Should the higher-quality components be used?
$84,000 in raw materials were requisitioned for use in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $108,000 were incurred. Of this amount, $105,000 was for direct lab..
What is the sales volume variance and reconcile it with the production volume variance calculated in requirement2. What does each concept measure?
The company has an effective tax rate of 20%. Coronado uses the periodic inventory method. If the company uses FIFO, what is the gross profit for the period?
Variable costs per fan of $12, and they expect 500,000 fans this season. Using cost-plus pricing, what should XYZ Sports charge for their tickets?
Which is not a major category of cash flows in capital budgeting? management and labour allocation deductions, cash flows from dispositions of assets
Kitchen Convenience's production capacity is 1600 machine hours per month. What is the contribution margin per machine hour for bread machines?
Assume something has reduced production and increased total variable costs by an additional 10% of sales.
What a transfer of products between two divisions should take place if it?increases awareness within the company of activity in the various divisions.
Assuming there is no other use for the facilities, should Hart Company make or buy the part? Of the fixed factory overhead costs, $70,000 are avoidable.
Prepare the closing entry for the $10,000 of overapplied overhead , assuming that the balance is not considered to be material.
Can standard costing be used in job-order costing? If so, what conditions must exist? If not, explain why.
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