what would be the quality cost classification of Employee training?
Q: Which is NOT an element of the Controlling function? O a. Comparing actual Performance with…
A: Controlling function prevails in every company where there are more than two people working to…
Q: What are some reasons that quality increases when employees are empowered to make decisions about…
A: it is true that the quality of work increases when the employees are empowered to make decisions…
Q: Which objective of cost accounting classifies and analyzes cost date for measuring efficiency? a.…
A: Answer: Concept: Cost accounting is defined as the accounting system which helps to analyze the cost…
Q: 1- What are the four cost categories of a costs of quality program? 2- What are relevant revenues…
A: Cost of quality program's costs can be divided into two main groups and four sub-groups. Main two…
Q: What are the basic requirements and costs of participating in the Malcolm Baldrige National Quality…
A: Answer : (1).The Malcolm baldrige national quality awards is an award established by the U.S…
Q: d) Discuss how allocation of customer-related overhead cost can lead to better decision making…
A: Customer profitability is defined as: ‘Analysis of the revenue streams and service costs associated…
Q: What are the performance metrics used to monitor employee performance?
A: Companies success depends upon the performance of its employees.Thus it becomes necessary to monitor…
Q: An organization's overall effectiveness and success depends on the quality and calibre of the…
A: An organization's overall effectiveness and success depends on the quality and caliber of the…
Q: nitng information fulfills the following purposes. Give an example of situation of profit…
A: Management accounting is also known as management-oriented accounting. Essentially, it is the study…
Q: In each blank next to the following terms, place the identifying letter of its best description. 1.…
A: 1. Cost center--A. Incurs costs without directly yielding revenues.2. Profit center-- F.Incurs costs…
Q: The setting of standard is a/ a worker decision b/ a management decision c/ a managerial accounting…
A: Setting Standard: Setting standard means establishing the level of performance on the basis of past…
Q: 10.Which of the following is not a reason that worker involvement is important in an effective…
A: All the options given above are right from A) to D), as they all effects the efficiency of worker.…
Q: The main categories of income statement for a manufacturer includes the following, except a. Direct…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: A variety of quantitative measures are used to evaluate employee performance, including standard…
A: a. SCS (Standard Cost System): A system where the costs required for production are estimated. The…
Q: Which of the following is an example for "Neglect" strategy under EVLN Model of Job Satisfaction?…
A: Ans. d - Paying less attention to quality, and increasing absenteeism and lateness.
Q: 10.Which of the following is not a reason that worker involvement is important in an effective…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: Name a firm or organization you know of that you are reasonably sure uses cost management andexplain…
A: Cost Management: Cost management involves the development and use of cost management information…
Q: Which of the following is correct? * . O The direct cost of a particular department is always a…
A: Responsibility accounting system means that where one manager is given the whole responsibility of…
Q: Preparing performance reports that contain data only about items that a specific manager controls is…
A: Performance report: It implies to a document that is created to show the outcome or results related…
Q: ncepts and lerminology om the choices presented in parentheses, choose the appropriate term for…
A: solution Number Sentence Appropriate term A Advertising costs are usually viewed as…
Q: Based on the assignment and what you know about management accounting, what do you believe is the…
A: Management accounting : The branch of accounting which facilitates the information from…
Q: the course tittle of this assignment from is:- Advanced cost and Management Control System 1.…
A: SOLUTION- Managerial accounting is an internal business function responsible for managing a…
Q: b) Discuss briefly the importance of 'Training and Development' in reducing staff turnover in the…
A: Staff turnover is an important ratio used for analysis by the Human Resource Department of an…
Q: Management of the company has sought your advice to do the following: A) Compute the operating…
A: Here we will use the concept of costing, relevant costing and cost volume profit analysis to answer…
Q: Discuss The impact of applying an Activity-Based Costing System on the businesses' financial and…
A: What is Activity-Based Costing? Activity-based costing ABC is a method for assigning costs to…
Q: Discuss the different kinds of
A: Answer : Employees can be motivated to become involved in quality development programs by offering…
Q: Which of the following is not a qualitative decision that should be considered in an outsourcing…
A: Qualitative decisions are more subjective since they are based on elements other than numerical…
Q: Describing the balanced scorecard and identifying key performance indicators for each perspective…
A:
Q: 22.Which of the following typical controls in the Employee Evaluation under the Hire-to-Retire…
A: Answer: There are controls in the employee evaluation under Hire to retire process where audit…
Q: Identify the following as applying more to lean (L) or to traditional (T) businesses. Quality…
A: Lean business model: This model is used by business with lower cost and high quality grows rapidly.
Q: K Incorporation follows the Total Quality Management (TQM) technique. While preparing a cost of…
A: Cost of quality is dividend into two types: 1. Cost of good quality 2. Cost of poor quality
Q: 14 - Which of the following statements is incorrect? a) Performance appraisal is merely a tool…
A: Performance appraisal meaning - A performance appraisal is a process by which an individual…
Q: Elmhurst Corporation is considering changes to its responsibility accounting system. Which of the…
A: Responsibility Center: The responsibility center is the specific centre in which each work is…
K Incorporation follows the Total quality Management (TQM) technique. While preparing a cost of quality report, what would be the quality cost classification of Employee training?
a.appraisal
b.prevention
c.internal failure
d.external failure
Step by step
Solved in 2 steps
- Classify each of the following performance measures into the balanced scorecard perspective to which it relates: financial perspective, internal operations perspective, learning and growth perspective, or customer perspective. A. Employee satisfaction surveys B. Units of waste per production process, uniformity of products and inventory control C. Number of energy-efficient bulbs replaced D. Management training course certificates awarded E. Divisional profit F. Number of customer referralsConsider the following list of scorecard measures: a. Product profitability b. Ratings from customer surveys c. Number of patents pending d. Strategic job coverage ratio e. Revenue per employee f. Quality costs g. Percentage of market h. Employee turnover percentages i. First-pass yields j. On-time delivery percentage k. Percentage of revenues from new sources l. Economic value added Required: Classify each measure according to the following: perspective, financial or nonfinancial, subjective or objective, and external or internal. When the perspective is process, identify which type of process: innovation, operations, or post-sales service.When managerial accountants design an evaluation system that is based on criteria for which a manager is responsible, and it is structured to encourage managers to make decisions that will meet the goals of the company as well as their own personal job goals, the framework used is _______. A. a controllable factors framework B. an uncontrollable factors framework C. a strategic plan framework D. a responsibility accounting framework
- Lean manufacturing is characterized by all but one of the following: a. Employee empowerment b. Total quality management c. Inventories of goods awaiting further processing or consumption d. Elimination of wasteGoal congruence in well-designed performance measurement systems best explains a congruence between ________. A. employees and the company B. strategic plans and the future C. decisions and outcomes D. feedback and measurementAll of the following are examples of managerial accounting activities except ________. A. preparing external financial statements in compliance with GAAP B. deciding whether or not to use automation C. making equipment repair or replacement decisions D. deciding whether or not to use automation
- Explain why the Accounting Department should be responsible for producing quality cost reports.Components of the organization that are demotivating for purposes of performance management are known as ______. A. business goals B. strategic plans C. uncontrollable factors D. incentivesWhat combination of quantitative factors and qualitative factors would you like your potential employer to use as a performance management system? Explain your answer.
- For each of the following situations, two scenarios are described, labeled A and B. Choose which scenario is descriptive of a setting corresponding to activity-based responsibility accounting and which is descriptive of financial-based responsibility accounting. Provide a brief commentary on the differences between the two systems for each situation, addressing the possible advantages of the activity-based view over the financial-based view. Situation 1 A: The purchasing manager, receiving manager, and accounts payable manager are given joint responsibility for procurement. The charges given to the group of managers are to reduce costs of acquiring materials, decrease the time required to obtain materials from outside suppliers, and reduce the number of purchasing mistakes (e.g., wrong type of materials or the wrong quantities ordered). B: The plant manager commended the manager of the Grinding Department for increasing his departments machine utilization ratesand doing so without exceeding the departments budget. The plant manager then asked other department managers to make an effort to obtain similar efficiency improvements. Situation 2 A: Delivery mistakes had been reduced by 70 percent, saving over 40,000 per year. Furthermore, delivery time to customers had been cut by two days. According to company policy, the team responsible for the savings was given a bonus equal to 25 percent of the savings attributable to improving delivery quality. Company policy also provided a salary increase of 1 percent for every day saved in delivery time. B: Bill Johnson, manager of the Product Development Department, was pleased with his departments performance on the last quarters projects. They had managed to complete all projects under budget, virtually assuring Bill of a fat bonus, just in time to help with this years Christmas purchases. Situation 3 A: Harvey, dont worry about the fact that your department is producing at only 70 percent capacity. Increasing your output would simply pile up inventory in front of the next production department. That would be costly for the organization as a whole. Sometimes, one department must reduce its performance so that the performance of the entire organization can improve. B: Susan, I am concerned about the fact that your departments performance measures have really dropped over the past quarter. Labor usage variances are unfavorable, and I also see that your machine utilization rates are down. Now, I know you are not a bottleneck department, but I get a lot of flack when my managers efficiency ratings drop. Situation 4 A: Colby was muttering to himself. He had just received last quarters budgetary performance report. Once again, he had managed to spend more than budgeted for both materials and labor. The real question now was how to improve his performance for the next quarter. B: Great! Cycle time had been reduced and, at the same time, the number of defective products had been cut by 35 percent. Cutting the number of defects reduced production costs by more than planned. Trends were favorable for all three performance measures. Situation 5 A: Cambry was furious. An across-the-board budget cut! How can they expect me to provide the computer services required on less money? Management is convinced that costs are out of control, but I would like to know whereat least in my department! B: After a careful study of the Accounts Payable Department, it was discovered that 80 percent of an accounts payable clerks time was spent resolving discrepancies between the purchase order, receiving document, and the suppliers invoice. Other activities such as recording and preparing checks consumed only 20 percent of a clerks time. A redesign of the procurement process eliminated virtually all discrepancies and produced significant cost savings. Situation 6 A: Five years ago, the management of Breeann Products commissioned an outside engineering consulting firm to conduct a time-and-motion study so that labor efficiency standards could be developed and used in production. These labor efficiency standards are still in use today and are viewed by management as an important indicator of productive efficiency. B: Janet was quite satisfied with this quarters labor performance. When compared with the same quarter of last year, labor productivity had increased by 23 percent. Most of the increase was due to a new assembly approach suggested by production line workers. She was also pleased to see that materials productivity had increased. The increase in materials productivity was attributed to reducing scrap because of improved quality. Situation 7 A: The system converts materials into products, not people at work stations. Therefore, process efficiency is more important than labor efficiencybut we also must pay particular attention to those who use the products we produce, whether inside or outside the firm. B: I was quite happy to see a revenue increase of 15 percent over last year, especially when the budget called for a 10 percent increase. However, after reading the recent copy of our trade journal, I now wonder whether we are doing so well. I found out that the market expanded by 30 percent, and our leading competitor increased its sales by 40 percent.As manager of department B in MarIeys Manufacturing, based on the costs you identified in the previous exercise for further research, how does this impact the financial performance of your department, and what might be some questions you want to ask or solutions you might propose to Marleys management?Classify the performance measures below into the most likely balanced scorecard perspective itrelates to. Label your answers using C (customer), P (internal process), I (innovation and growth), or F(financial). Number of days of employee absencesClassify the performance measures below into the most likely balanced scorecard perspective itrelates to. Label your answers using C (customer), P (internal process), I (innovation and growth), or F(financial). Number of days of employee absences