Answer Happy

26) 26) - measures the relationship between actual inputs used and actual outputs achieved. A) Strategy map B) Productivity C) Planning variance D) Discretionary costs
28) 28) Which of the following is the correct mathematical expression to calculate total factor productivity? A) Sales value of output produced = Quantity of all inputs used B) Sales value of output produced + Cost of inputs required to produce current year production in previous year C) Quantity of output produced + Quantity of the input used D) Quantity of output produced - Costs of all inputs used
32) 32) When the firm uses the target-costing approach to pricing, the target cost per unit is the difference between the per unit target price and the per unlt target A) gross margin B) cost of goods sold C) contribution margin D) operating income
48) 48) Jamal, Kareem, Rashid and Associates are in the process of evaluating its new client services for the business consulting division. Estate Planning, a new service, incurred $190,000 in development costs and employee training. The direct costs of providing this service, which is all labor, averages $29 per hour. Other costs for this service are estimated at $410,000 per year. The current program for estate planning is expected to last for two years. At that time, a new law will be in place that will require new operating guidelines for the tax consulting. Customer service expenses average $104 per client, with each job lasting an average of 450 hours. The current staff expects to bill 67,500 hours for each of the two years the program is in effect. Billing averages $49 per hour. What is the estimated life-cycle operating income for the first two years? A) $734,400 B) $1,658,800 C) $924,400 D) $6,615,000
50) 50) Which of the following is an example of time-series data: A) loan processing times in each of 26 similar branch offices over the last 12 months B) Indirect labor costs and machine-hours in a manufacturer's assembly department each month for the last 12 months C) Direct labor hours in the Boston, Massachusetts and the New York City facility for each of the last 12 months D) Store sales for each U.S. based Wal-Mart for each the last 10 years.