is goal incongruence? Give one specific example of goal incongruence.
1. How can a manager use information about how the firm spends money
on quality initiatives to assess whether those initiatives have been
successful?Be sure to justify
your opinion with specific information.
1. a) What is the goal of the EOQ
b) Why does a firm hold â€œsafety
c) What costs are a firm trying
to balance when it decides on how much safety stock to hold?
d) In the absence of safety
stock, how does a firm determine its re-order point?
a. One of the most important
things to consider in developing a Balanced Scorecard is to include â€œleading
measuresâ€ or â€œforward-looking measuresâ€ on the Scorecard. What are â€œleading
measures,â€ and how are they different from non-leading measures?
b. What does it mean that
performance measures on a Balanced Scorecard are â€œintegrated?
How can an organization use its Balanced Scorecard to
5 points (Extra Credit)
1. Consider the following
Beginning inventory (units)
Budgeted units to be produced
Actual units produced
Variable manufacturing costs
per unit produced
Variable selling costs per
Budgeted fixed manufacturing
Fixed selling costs
Selling price per unit
Variable costing operating
Absorption costing operating
Variable costing beginning
Absorption costing beginning
Variable costing ending
Absorption costing ending
Allocated fixed manufacturing
There are no price, efficiency, or spending variances, and any
production-volume variance is directly written off to cost of goods in the
quarter in which it occurs.
Complete the missing figures from the above Table. When you write
your answer, please use the following format:
1. a) What is a transfer price?
b) List and describe three
specific benefits of using transfer prices.