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- Which of the following is not an advantage of a group incentive pay schemeA. administration time is reducedB. individual working arrangements may become more flexibleC. non-production hours for individuals can be included in the schemeD. bonuses are easy to allocate to individualsWhen is employee compensation referred to as variable pay? 0 a. when employee pay is comprised of varying component O b. when employer costs vary with the incentives offered O C. when employee pay varies with market pay when employee pay is linked to performance O d.(a) Briefly explain the MAIN difference between variable costing and absorption costing in terms of the treatment of costs in the financial statements. And Explain why the variable costing income measurement approach would be attractive to a manager who is interested in projecting her firm’s future profit performance.
- Using the revenue per employee ratio as an indicator for productivity will lead to outsourcing of personnel, even when it increases cost.True or false? And why?Assume that the performance of the top manager of Z-Var is evaluated and rewarded largely on the basis of reported operating income. Which costing method would the manager prefer? Why?What are the important key points of earning per share PAS 33 and employee benefits PAS 19?
- What are the differences between a company using absorption costing and variable costing when they give managers a bonus for meeting an annual income target?Employee training is an example of discretionary fixed costs. Select one: True False Below are the measures of cost functions except: a. Regression analysis b. Engineering analysis c. Visual fit analysis d. Maintenance analysis Cost behavior is linear in nature on cost driver levels. Select one: True False Discretionary cost are the fixed cost that are able to achieve at desired level of service or production. Select one: True False Period costs are the cost identified with goods produced. Select one: True False Lease payment is the example of discretionary fixed cost. Select one: True False Below are the examples of committed costs, except: a. Mortgage payment b. Depreciation c. Tax payment d. Management salary Direct labor cost includes wages of all the labors that can be traced specifically. Select one: True False Cost are assumed to be fixed or changes within the relevant range of activity. Select one: True FalseTHE MAIN DIFFERENCE BETWEEN EX-ANTE AND EX-POST ECONOMIC PROFIT a. Representing the opportunity cost of captial b. Is calledbthe hold-up problem c. Are the sunk costs d. Is immaterial in managerial decisions
- Which of the following underlying assumptions form(s) the basis for cost-volume-profit analysis? All of the choices are assumptions that underlie cost-volume-profit analysis. In multiproduct organizations, the sales mix remains constant. Worker efficiency and productivity remain constant. Revenues and costs behave in a linear manner.Which of the following is the indicator of the rate at which company is earning profit? Select one: a. Margin of safety b. All options are correct c. Contribution margin d. Profit volume ratioDoes your current/future company price discriminate? Explain how the practice works (direct or indirect) and estimate the profit consequences of price discrimination relative to charging a single, uniform price. If your current/future company doesn't price discriminate, are there opportunities to do so? How would you design the price discrimination?