# ch11 - CHAPTER 11 Standard Costs and Balanced Scorecard...

This preview shows pages 1–4. Sign up to view the full content.

© 2008 For Instructor Use Only 11-1 CHAPTER 11 Standard Costs and Balanced Scorecard ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Distinguish between a standard and a budget. 1, 2 1 1 2. Identify the advantages of standard costs. 31 3. Describe how companies set standards. 4, 5, 6, 7, 8, 9 2, 3 1, 2, 3, 4, 16, 18 4. State the formulas for determining direct materials and direct labor variances. 10, 11 4, 5 4, 5, 6, 7, 8, 9, 12, 13, 18 1A, 2A, 3A, 4A, 5A, 6A 1B, 2B, 3B, 4B, 5B, 6B 5. State the formula for determining the total manufacturing overhead variance. 12 6 10, 11, 18 1A, 2A, 3A, 4A, 5A, 6A 1B, 2B, 3B, 4B, 5B, 6B 6. Discuss the reporting of variances. 13, 14 9, 13, 14 3A 3B 7. Prepare an income statement for management under a standard costing system. 18 15 2A, 5A, 6A 2B, 5B, 6B 8. Describe the balanced scorecard approach to performance evaluation. 15, 16, 17 7 16 *9. Identify the features of a standard cost accounting system. 19 8, 9 17, 18, 19 6A 6B *10. Compute overhead controllable and volume variances. 20, 21, 22, 23 10, 11 20, 21, 22 7A, 8A, 9A, 10A 7B, 8B, 9B, 10B

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
BLOOM’S TAXONOMY TABLE © 2008 For Instructor Use Only 11-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation 1. Distinguish between a standard and a budget. Q11-1 Q11-2 BE11-1 E11-1 2. Identify the advantages of standard costs. Q11-3 3. Describe how companies set standards. Q11-8 Q11-4 Q11-5 Q11-6 Q11-7 Q11-9 E11-18 BE11-2 BE11-3 E11-2 E11-3 E11-4 E11-16 4. State the formulas for determining direct

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 04/11/2010 for the course BUSINESS FIN taught by Professor Sata during the Spring '10 term at A.T. Still University.

### Page1 / 62

ch11 - CHAPTER 11 Standard Costs and Balanced Scorecard...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online