Fall 2012 Prof. Sudit
Cost and Quality Management – Answers to Assignment VI
1. Productivity can be thought of as: A) the relationship between what is produced and what is required to produce it. B) doing more with less. C) the ratio of output to input. D) only A and C are correct. E) answers A, B and C are all correct.
2. A primary objective in measuring productivity is to improve operations either by using fewer inputs to produce the same output, or to produce: A) more quickly. B) more effectively. C) with fewer constraints. D) more outputs with the same inputs. E) more
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14. Sales volume variances can have significant implications for strategic management. It may indicate that the market: A) may be smaller than originally planned. B) mix is different than initial estimates. C) is stronger than previously thought. D) needs a more aggressive strategy. E) all of the above.
15. In analyzing factors attributable to the change in a firm's operating income from one year to the next, which of the following effect(s) may be included in the price-recovery factor? | Revenue Effect | Cost Effect | A) | Yes | Yes | B) | Yes | No | C) | No | Yes | D) | No | No |
16. In analyzing factors attributable to the change in a firm's operating income from one year to the next, which of the following effect(s) may be included in the growth factor? | Revenue Effect | Cost Effect | A) | Yes | Yes | B) | Yes | No | C) | No | Yes | D) | No | No |
17. In analyzing the change in a firm's operating income from one year to the next, which of the following factors measures the change attributable solely to the change in the quantity of inputs spent in year 2 relative to the quantity of inputs that would have been used in year 1 to produce the year 2 output? A) Growth. B) Price-recovery. C) Productivity. D) Cost effect. E) Purchase price.
18. Which of the following factor(s) is (are) likely to be significant for a firm with a successful cost leadership strategy?
1. Using the historical data as a guide, construct a pro forma (forecasted) profit and loss statement
This paper is a formal analysis of the Marble grave stele with a family group relief sculpture. It is a pentelic marble style relief standing at 171.1cm tall carved by a master. It is from the Late Classical period of Greek, Attic which was completed around ca.360 B.C. . I chose to analyze this piece as apposed to the others because I’m mainly attracted to art and sculptures from the Greek era. The overall color used in this relief is ivory with a few cracks and pieces broken off. There is some discoloration which causes the color to come off as slightly light brown for most of the relief. The sculpture appears larger compared to the other sculptures in the art room. It represents a family which includes a man, his wife, and their
Imagine pondering into a reconstruction of reality through only the visual sense. Without tasting, smelling, touching, or hearing, it may be hard to find oneself in an alternate universe through a piece of art work, which was the artist’s intended purpose. The eyes serve a much higher purpose than to view an object, the absorptions of electromagnetic waves allows for one to endeavor on a journey and enter a world of no limitation. During the 15th century, specifically the Early Renaissance, Flemish altarpieces swept Europe with their strong attention to details. Works of altarpieces were able to encompass significant details that the audience may typically only pay a cursory glance. The size of altarpieces was its most obvious feat but
2. What is the effect of the depreciation accounting method change on the reported income in 1984? How will this change affect profits in future years?
g) evidence is available from internal reporting that indicates that the economic performance of an
In evaluating their operating performance, you will need to look primarily at changes in sales and operating income, including the effects of meaningful changes in operating income as a result of changes in contract estimates. Where applicable, significant fluctuations in operating performance attributable to
Overview, background: Enlightenment, (Newton & Galileo); Classicism/Romanticism (French & other Revolutions); Impressionism & Post (Industrial Revolution, Darwin), Modernism (WWI, Freud, WWII) Pop & Op (Vietnam, sexual revolution, Watergate); today (technological revolution).
b. The amount of compensation earned and costs incurred under such contracts for each period for which an income statement is presented.”
Form of "afterlife insurance" in order to trick the soul into staying alive in the event of the body's destruction
In Grandview Boulevard, completed in 1974 CE, the artist utilizes painterly brushstrokes. The shadows of the trees that are painted dark purple appear to have more painterly aspects than the rest of the composition. From far away, the painting seems smooth and sleek, but up close, the individual thick brushstrokes can be seen. The implied texture of the leaves in the painting is sturdy and prickly, and the texture of the yellowed grass appears to be dry and coarse, however, the actual texture of the painting itself is smooth. The artist also uses both curvilinear and geometric lines. In looking at the trees in the painting, they are composed of primarily geometric lines (excluding the leafy top) that run in a
| allocates overhead to multiple activity cost pools, and it then assigns the activity cost pools to products and services by means of cost drivers.
(b) Calculate by how much the proposed addition will either increase or reduce operating income. Show all work.
a. Assuming the most current operational cost levels, what sales must it generate to recoup the above investment?
“Painting today is pure intuition and luck and taking advantage of what happens when you splash the stuff down. “- Francis Bacon. However when I learnt more about history of art and the way each movement and happenings in the world inspired artist to make new works, I was able to see much more than just a canvas with random paints and sketches. The interesting part about this concept is that each piece of art could be interpreted in many different ways. In contemporary art there isn’t right and wrong, each of us view and find different meanings and connections with artworks.