ACC Exam 4

Lakukan tugas rumah & ujian kamu dengan baik sekarang menggunakan Quizwiz!

Profit Center

A segment whose manager has control over both costs and revenues but no control over investment funds.

cost center

A segment whose manager has control over costs, but not over revenues or investment funds

Investment Center

A segment whose manager has control over costs, revenues, and investments in operating assets

what is included in average operating assets

Cash, accounts receivable, inventory, plant and equipment

what are examples of external Failure Costs

Cost of field servicing and handling complaints• Warranty repairs• Lost sales

how do you find quality rate

Defect-free output/ Total output this week (including defects)

what is another name for net operating income

EBIT (income before taxes)

External Failure costs

Incurred as a result of defective products being delivered to customers

internal Failure Costs

Incurred as a result of identifying defects BEFORE they are shipped

Appraisal Costs

Incurred to identify defective products before the products are shipped to customers

how do you calculate margin

Net Operating Income / Sales

Throughput time formula

Process + Inspection + Move + Queue

what are examples of prevention costs

Quality training• Quality circles• Statistical process control activities

what are examples of Internal Failure Costs

Scrap• Spoilage• Rework

what are Prevention Costs

Support activities whose purpose is to reduce the number of defects

what are examples of appraisal costs

Testing and inspecting incoming materials• Final product testing• Depreciation of testing equipment

delivery cycle time formula

Wait time + Throughput time

what is the Operating Department in charge of

central purposes of the organization

Service Department

do not directly engage in operating activities

what are the 4 performance measures?

financial, customer, internal business processes, learning and growth

transfer price

is the price charged when one segment of a company provides goods or services to another segment of the company

what is the equation of residual income

net operating income - (average operating assets- minimum required rate of return)

responsibility center

part of an organization whose manager has control over and is accountable for cost, profit, or investments

Manufacturing Cycle Efficiency formula

process time / throughput time

how do you calculate utilization rate

time available/actual run time

ROI equation

turnover times margin

how do you calculate OEE

utilization rate x efficiency rate x quality rate


Set pelajaran terkait

Moral Hazard and the Subprime Mortgage Crisis

View Set

Chapter 49 - Landlord-Tenant Law

View Set

Chapter 24: Assessment of the Skin, Hair, and Nails

View Set

Ch. 37 Child with a Communicable Disease

View Set

Washington Fundamentals Exam Review

View Set

Law of Contract - End of Section Questions

View Set