Question Content Area Waterfield Company is looking for a way to help its executive managers assess how its three divisions are meeting the company's goals and objectives for the performance of its purchasing department. Which of the following metrics might be used for this purpose?

With the aid of relevant examples ,explainthe following management accounting concepts A.theory of constraints B.total quality management C. Just in time

A comprehensive management control system that considers both financial and nonfinancial measures relating to a company’s critical success factors is called a(n): a. Balanced scorecard system. b. Economic value added system. c. Activity-based costing system. d. Market value added system.

Identify Managerial Accounting techniques that have been developed to meet information needs in the new business environment like value chain analysis, strategic positioning analysis, Activity- based management, Activity -based costing

Describing the balanced scorecard and identifying key performance indicators for each perspective Consider the following key performance indicators, and classify each according to the balanced scorecard perspective it addresses. Choose from financial perspective, customer perspective, internal business perspective, or learning and growth perspective. a. Number of employee suggestions implemented b. Revenue growth c. Number of on-time deliveries d. Percentage of sales force with access to real-time inventory levels e. Customer satisfaction ratings f. Number of defects found during manufacturing g. Number of warranty claims h. Return on investment i. Variable cost per unit j. Percentage of market share k. Number of hours of employee training l. Number of new products developed m. Yield rate (number of units produced per hour) n. Average repair time o. Employee satisfaction p. Number of repeat customers

The benefits of management accounting information include: Select one: a. More effective planning. b. Improved decisions. c. All of the given answers. d. Greater efficiency of operations. Question 34   Question text Management accounting focuses primarily on providing data for: Select one: a. Internal uses by managers. b. External uses by stockholders and creditors. c. External uses by the Internal Revenue Service. d. External uses by the Securities and Exchange Commission. Question 35   Question text Prime cost consists of: Select one: a. direct labor and manufacturing overhead. b. direct materials and manufacturing overhead. c. direct materials, direct labor and manufacturing overhead. d. direct materials and direct labor.

Explaining decentralization Decentralization divides company operations into various reporting units. Most decentralized subunits can be described as one of four different types of responsibility centers. Requirements 1. Explain why companies decentralize. Describe some typical methods of decentralization. 2. List the four most common types of responsibility centers, and describe their responsibilities.

MULTIPLE CHOICE  Which of the following is the main assumption that is made about managers in general in support of decentralization? Managers at the local/divisional level will act in the best interest of the organization Top managers at corporate headquarters will act in the best interest of the organization Top managers at corporate headquarters have access to better information for operational decisions Managers at the local/divisional level have access to better information for operational decisions   Kirkland Company has several service departments that provide services to each other as well as to operating departments within the company. Which method would be least accurate in allocating the company's service department costs? The sequential method The direct method The step-down method The reciprocal method   Which of the following is an example of a committed fixed cost? A training program for salespersons Executive travel expenses Property taxes on the factory…

Below are four levels of ERP value realization:           a. printing invoices           b. production and inventory management + a.           c. accounting and finance information integration + a. + b.           d. company-wide resource integration            Please explain the progress/improvement a company makes from level a. to b., from b. to c., and from c. to d.

Per given item (A to P), Identify if it is under Financial Perspective, Customer Perspective, Learning Perspective or Internal Perspective The following items are connected to one of the four perspectives on the balanced scorecard: A. Revenue B. Inventory C. Employee satisfaction D. Customer satisfaction E. Market share F. Cycle time G. Orders M. Net Income H. Asset value N. Resource Allocation . Customer retention J. Employee education K. Quality contral L Brand strength O. Employee turnover P. Cash Flow