9/17/21, 2:18 PM Long Quiz 2: Attempt review

ACT 121. Strategic Cost Management


Dashboard / My courses / ACT121 AY2021-2022

/ MODULE 2. STRATEGIC COST MANAGEMENT CONCEPTS AND TECHNIQUES FOR PLANNING AND CONTROL / Long Quiz 2

Started on Wednesday, 8 September 2021, 5:48 PM

State Finished
Completed on Wednesday, 8 September 2021, 7:18 PM
Time taken 1 hour 29 mins
Grade 30.00 out of 30.00 (100%)

Question 1
Correct

Mark 1.00 out of 1.00

Value engineering can result in

a. product redesign

b. modifications in process methods

c. changes in materials specifications.

d. all of the above



e. none of the above.

Your answer is correct.

The correct answer is:
all of the above

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Question 2
Correct

Mark 1.00 out of 1.00

a.

b.

c. 

d.

Your answer is correct.

The strategy map links the critical success factors in the BSC, and the value chain links the activities the organization uses to execute its
strategy. 

The correct answer is:

Question 3
Correct

Mark 1.00 out of 1.00

Setting balanced objectives, setting target values, and aligning rewards are:

a. necessary steps in creating a balanced scorecard.



b. important aspects of the capital budgeting process. 

c. the heart of process innovation. 

d. the ingredients for economic forecasting.

Your answer is correct.

The correct answer is:

necessary steps in creating a balanced scorecard.

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Question 4
Correct

Mark 1.00 out of 1.00

a. A

b. B 

c. C

d. D

Your answer is correct.

The correct answer is:

B

Information

Use the following information for the next 8 questions:

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Question 5
Correct

Mark 2.00 out of 2.00

How much is the operating income of Atlas Corporation for 2019?

Answer: 822000000 

The correct answer is: 822000000

Question 6
Correct

Mark 2.00 out of 2.00

How much is the operating income of Atlas Corporation for 2020?

Answer: 1016380000 

The correct answer is: 1016380000

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Question 7
Correct

Mark 2.00 out of 2.00

How much is the revenue effect of growth component that explain the change in operating income from 2019 to 2020?

Answer: 100000000 

The correct answer is: 100000000

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Question 8
Correct

Mark 2.00 out of 2.00

How much is the cost effect of growth component that explain the change in operating income from 2019 to 2020?

Answer: 30000000 

The correct answer is: 30000000

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Question 9
Correct

Mark 2.00 out of 2.00

How much is the revenue effect of the price recovery component that explain the change in operating income from 2019 to 2020?

Answer: 250000000 

The correct answer is: 250000000

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Question 10
Correct

Mark 2.00 out of 2.00

How much is the cost effect of the price recovery component that explain the change in operating income from 2019 to 2020?

Answer: 149400000 

The correct answer is: 149400000

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Question 11
Correct

Mark 2.00 out of 2.00

How much is the change in operating income attributable to the productivity component? 

Answer: 23780000 

The correct answer is: -23780000

Question 12
Correct

Mark 1.00 out of 1.00

Based on the calculations, Atlas Corporation was successful in the implementation of its product differentiation strategy. 

Select one:
True 

False

The correct answer is 'True'.

Information

Use the following information for the next 2 questions:

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Question 13
Correct

Mark 1.00 out of 1.00

What is the target cost per unit? 

Answer: 106 

The correct answer is: 106

Question 14
Correct

Mark 1.00 out of 1.00

What is the original cost per unit? 

Answer: 126 

The correct answer is: 126

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Information

Question 15
Correct

Mark 1.00 out of 1.00

If research and development costs and marketing costs are traced to each product, life-cycle income for Product A would be. 

Answer: 18000 

The correct answer is: 18000

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Question 16
Correct

Mark 1.00 out of 1.00

Return on sales for Product A would be:

Note: Your answer should be in decimals instead of percentage (e.g. 0.0123 instead of 1.23%). Round to 4 decimal places. 

Answer: 0.0783 

The correct answer is: 0.0783

Question 17
Correct

Mark 1.00 out of 1.00

Blue Corp. manufactures a product with the following activities:

The MCE for the product is

Note: Answer should be in decimals instead of percentage (e.g. 0.0123 instead of 1.23%). Round to 2 decimal places. 

Answer: 0.25 

The correct answer is: 0.25

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Question 18
Correct

Mark 1.00 out of 1.00

Value-added activities

a. should be reduced or eliminated.

b. involve resource usage that customers are willing to pay for



c. add cost to a product without affecting the selling price.

d. cannot be differentiated from nonvalue-added activities.

Your answer is correct.

The correct answer is:

involve resource usage that customers are willing to pay for

Question 19
Correct

Mark 1.00 out of 1.00

The Theory of Constraints (TOC) focuses on improving cycle time, the rate at which raw materials are converted to finished product. This
strategic management techniques is primarily concerned with the critical success factor of:

a. quantity.
b. quality.

c. speed.  

d. originality.

Your answer is correct.

The correct answer is:

speed. 

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Question 20
Correct

Mark 1.00 out of 1.00

Generally, firms will price a product most competitively at which stage of the products sales life cycle? 

a. Introduction

b. Growth

c. Maturity

d. Decline 

Your answer is correct.

The correct answer is:

Decline

Question 21
Correct

Mark 1.00 out of 1.00

Which one of the following is not a common design method?

a. concurrent engineering.

b. design engineering. 
c. templating.
d. prototyping.

Your answer is correct.

The correct answer is: design engineering.

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Question 22
Correct

Mark 1.00 out of 1.00

Which one of the following is used in target costing to reduce product cost by analyzing the tradeoffs between (1) different types and levels
of product functionality and (2) total product cost? 

a. benchmarking.
b. functional analysis.

c. productivity analysis.

d. value engineering. 

Your answer is correct.

The correct answer is:

value engineering.

Question 23
Correct

Mark 1.00 out of 1.00

In this phase, sales continue to increase but at a decreasing rate. 

a. Phase 1.
b. Phase 2
c. Phase 3 

d. Phase 4

Your answer is correct.

The correct answer is:
Phase 3

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