acg final

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A joint product is:

one of several products produced from a common input

Variable costs are always relevant costs in decisions.

False

Which of the following will not result in an increase in return on investment (ROI), assuming other factors remain the same?

An increase in operating assets

All other things equal, which of the following would increase a division's residual income?

Decrease in average operating assets

An unfavorable materials quantity variance occurs when the actual quantity used in production is less than the standard quantity allowed for the actual output of the period.

False

If skilled workers with high hourly rates of pay are given duties that require little skill and call for lower hourly rates of pay, this will result in a favorable labor rate variance.

False

Residual income can be used most effectively in comparing the performance of divisions of different size.

False

Return on investment (ROI) equals margin multiplied by sales.

False

A balanced scorecard contains both customer and internal business process performance measures because improvements in internal business process should result in improvements in customer satisfaction.

True

A cost that can be avoided by choosing one alternative over another is relevant for decision purposes.

True

A quantity standard indicates how much of an input should be used to make a unit of product or provide a unit of service.

True

Financial measures such as ROI and residual income as well as operating measures may be included in a balanced scorecard.

True

Costs that can be eliminated in whole or in part if a particular business segment is discontinued are called:

avoidable costs

The production department should generally be responsible for materials price variances that resulted from:

rush orders arising from poor scheduling

Accepting a special order will improve overall net operating income if the revenue from the special order exceeds:

the incremental costs associated with the order


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