1.15 A Managers Perspective handout.both in class and pencast

1.15 A Managers Perspective handout.both in class and pencast

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1.15 A Managers Perspective handout.both in class and pencasts LO1 Management Accounting Versus Financial Accounting SE 1. Management accounting differs from financial accounting in a number of ways. Indicate whether each of the following characteristics relates to management accounting (MA) or financial accounting (FA): 1. Publically reported 2. Forward looking 3. Usually confidential 4. Complies with accounting standards 5. Reports past performance 6. Uses physical measures as well as monetary ones for reports 7. Focus on business decision making 8. Driven by user needs LO1 Strategic Positioning SE 2. Organizations stake out different strategic positions to add value and achieve success. Some strive to be low-cost leaders like Wal-Mart , while others become the high-end quality leaders like Whole Foods Market . Identify which of the following organizations are low-cost leaders (C) and which are quality leaders (Q): 1. Tiffany & Co. 2. Yale University 3. Local community college 4. Lexus 5. Kia 6. Rent-a-Wreck 7. Hertz Rental Cars 8. Pepsi-Cola 9. Store-brand soda LO1 LO2 The Supply Chain and the Value Chain SE 5. Indicate whether each of the following is part of the supply chain (SC), a primary process (PP) in the value chain, or a support service (SS) in the value chain: 1. Human resources
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2. Research and development 3. Supplier 4. Management accounting 5. Customer service 6. Retailer LO2 The Value Chain SE 6. The following unit costs were determined by dividing the total costs of each component by the number of products produced. From these unit costs, determine the total cost per unit of primary processes and the total cost per unit of support services. Research and development $ 1.40 Human resources 1.45 Design 0.15 Supply 1.10 Legal services 0.50 Production 4.00 Marketing 0.80 Distribution 0.90 Customer service 0.65 Information systems 0.85 Management accounting _0.20 Total cost per unit $12.00 LO4 The Balanced Scorecard E 12. Tim’s Bargain Basement sells used goods at very low prices. Tim has developed the following
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1.15 A Managers Perspective handout.both in class and pencast

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