1. Eliminating a non-value-added activity 2. Determining how much it costs to perform a heart transplant Calculating the cost of inspecting components from an outside supplier 3. 4. Developing and using a budgeted income statement for a division Eliminating the need to inspect by improving the quality of prod- ucts and processes 5. Determining whether selling a product at split-off is more prof- itable than processing it further before selling it 6. 7. Calculating the cost of producing an e-book Using a trend report on quality costs to assess the effectiveness of a quality improvement program 8. 9. Determining the units that must be sold to break even 10. Calculating the cost to perform a tooth extraction 11. Determining the total cost of moving goods 12. Using JIT purchasing and manufacturing to significantly reduce inventories 13. Using unit product cost to help develop a bid price Required: Classify the above actions as being associated with one of the following ob- jectives of a cost management information system: 1. Costing of products, services, and other objects of interest 2. Planning and control 3. Decision making
1. Eliminating a non-value-added activity 2. Determining how much it costs to perform a heart transplant Calculating the cost of inspecting components from an outside supplier 3. 4. Developing and using a budgeted income statement for a division Eliminating the need to inspect by improving the quality of prod- ucts and processes 5. Determining whether selling a product at split-off is more prof- itable than processing it further before selling it 6. 7. Calculating the cost of producing an e-book Using a trend report on quality costs to assess the effectiveness of a quality improvement program 8. 9. Determining the units that must be sold to break even 10. Calculating the cost to perform a tooth extraction 11. Determining the total cost of moving goods 12. Using JIT purchasing and manufacturing to significantly reduce inventories 13. Using unit product cost to help develop a bid price Required: Classify the above actions as being associated with one of the following ob- jectives of a cost management information system: 1. Costing of products, services, and other objects of interest 2. Planning and control 3. Decision making
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter1: Introduction To Cost Management
Section: Chapter Questions
Problem 3E
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