Cost management systems are made up of two subsystems: the __________ accounting system and the __________ control system.

Evaluating the performance of a segment of the company is an example of

Bienvenue, Inc., has identified the following overhead costs and activity drivers for next year:     Expected       Expected   Overhead Item Cost Activity Driver Quantity Setup costs $100,000 Number of setups    500 Ordering costs    40,000 Number of orders  3,200 Maintenance  200,000 Machine hours  4,000 Power   20,000 Kilowatt hours 80,000 ​ The following are two of the jobs completed during the year:   Job CC Job DD Direct materials $375  $1,000 Direct labor $350  $1,200 Units completed 100  160 Direct labor hours 50  80 Number of setups 1  4 Number of orders 4  5 Machine hours 20  25 Kilowatt hours 30  50 ​ The company’s normal activity is 4,000 direct labor hours. If the activity drivers are used to allocate overhead costs, the unit cost (rounded to two decimal places) for Job DD would be

Big Foot Athletics designs and manufactures running shoes. A new model of shoes, Fast Track, has been developed and is ready for production.Required: Which costs will the production manager collect from the value chain, and how would these costs be used in different decisions? a. traditional product costs b. operating product costs c. value-chain product costs

Describe the two major subsystems of the Cost Management System and briefly summarize their importance.

Brigade Builders, Inc. designs decks, gazebos, and play equipment for residential homes. The following was provided for the year ended September 30, 2018: ​ Direct labor $800,000 Direct material purchases 80,000 Administrative expenses 155,000 Overhead 95,000 Selling expenses 325,000 Beginning direct materials inventory 43,000 Beginning designs in process 21,000 Ending direct materials inventory 18,000 Ending designs in process 45,000 ​ The average design fee is $900. There were 3,500 designs processed during the year.Required: a. Prepare a statement of cost of services sold. b. Prepare an income statement. c. Discuss three differences between services and tangible products.

Employee and customer loyalty are NOT a result of strong codes of ethics.

Cost management information benefits production, marketing, and customer service systems as well as being a crucial part of managerial decision making.

Amigos Industries analyzed the relationship between total factory overhead and changes in direct labor hours. It found the following: Y = $6,000 + $6X The Y in the equation is an estimate of

A correlation coefficient near +1 means that two variables are moving in the _________ direction.