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78. During January, Long, Inc. produced 10,000 units of product with costs as follows:
Direct materials $40,000
Direct labor 22,000
Variable overhead 10,000
Fixed overhead 90,000
$162,000
What is Lang's unit cost for January, calculated on the variable costing basis?
79. In the principal-agent model, the manager is modeled as having all of the following
elements except:
80. During October, Rover Industries produced 35,000 units of product with costs as follows:
Direct materials $84,000
Direct labor 43,000
Variable overhead 13,000
Fixed overhead 147,000
$287,000
What is Rover's unit cost for October, calculated on the variable costing basis?
81. Under variable costing, fixed manufacturing overhead costs would be classified as:
82. Under full costing, fixed manufacturing overhead costs would be classified as:
83. Under the principal-agent model of contract relationships, situations such as machine
breakdowns or a decrease in market demand would be classified under:
84. In a formal management control system, top management sets expectations for desired
manager performance. Which of the following is not one of the areas in which a formal individual
management control system would be used?
85. The type of strategic business unit (SBU) where the SBU focuses on the selling function
of a specific product line or by a geographical location is referred to as a(n):
86. SBU is the acronym for:
87. Quick Technology Company is a supplier of high-end research equipment for the
pharmaceutical industry. Quick currently has a variety of different firms producing computer
chips for increased memory and improved processing speeds which are installed in Quick's
equipment. In this case, having another firm provide supplies for Quick's equipment is an
example of:
88. Which of the following is not a criterion for choosing a cost allocation method?
89. Which one of the following is not an order-filling cost?
90. Controllable fixed costs:
91. Using the balanced scorecard to describe the firm's strategy in detail through the use of a
cause-and-effect diagram which is also known as a(n):
92. The cost method that is input-oriented and considers costs largely uncontrollable at the
planning stage is called the:
93. Costs such as depreciation, taxes and insurance and usually extending beyond one year
are considered:
94. Which of the following is not a revenue driver factor which affects sales volume for a
manufacturing firm?
95. Which of the following can be inferred as an argument against the use of variable
costing?
96. Treble Inc. planned and manufactured 250,000 units of its single product in 2016, its first
year of operations. Variable manufacturing costs were $30 per unit of production. Planned and
actual fixed manufacturing costs were $600,000. Marketing and administrative costs (all fixed)
were $300,000 in 2016. Treble Inc. sold 200,000 units of product in 2016 at $60 per unit.
Sales for 2016 are calculated to be:
97. Treble Inc. planned and manufactured 250,000 units of its single product in 2016, its first
year of operations. Variable manufacturing costs were $30 per unit of production. Planned and
actual fixed manufacturing costs were $600,000. Marketing and administrative costs (all fixed)
were $300,000 in 2016. Treble Inc. sold 200,000 units of product in 2016 at $60 per unit.
Full costing operating income for 2016 is calculated to be:
98. Treble Inc. planned and manufactured 250,000 units of its single product in 2016, its first
year of operations. Variable manufacturing costs were $30 per unit of production. Planned and
actual fixed manufacturing costs were $600,000. Marketing and administrative costs (all fixed)
were $300,000 in 2016. Treble Inc. sold 200,000 units of product in 2016 at $60 per unit.
Variable costing operating income for 2016 is calculated to be:
99. Strategic performance measurement is a(n):
100. Managers who are risk averse:
101. Managers who are risk prone:
102. Risk plays a critical role in the decision making process. However, numerous studies have
shown that it is common for executives, managers and individuals to be considered:
103. A value stream income statement is best associated with:
104. A value stream is:
105. Reasons for failure to implement the balanced scorecard effectively include all except
which of the following?
106. The sales life cycle has three phases: early, growth, and maturity. The appropriate
performance measures for the growth phase include:
