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Weeks 1-6
Week 7
Week 8
Problems
Ottawa
100
Revenues less variable costs.
What is Contribution Margin?
100
Another name for "shared" costs that yield two or more products.
What are Joint Costs?
100
After Harley-Davidson introduced this organizational innovation, it greatly simplified the accounting process.
What is Just in Time (JIT)?
100
Given: Units produced = 1,000 Units sold = 1,000 Direct Material = $6/unit Direct Labor = $10/unit Variable Mfg. Overhead = $6/unit Total Fixed Overhead = $6,000 Variable Selling and Admin = $2 Fixed Selling and Admin. = $2,000 Revenue = $50,000 Calculate the unit Product Cost under the Absorption Method.
What is $28/per unit?
100
Ottawa's Slogan below my contact info on my emails.
What is "Prepare for a life of significance"?
200
A situation occurring when allocations of shared fixed costs cause managers to stop producing otherwise profitable products.
What is a death spiral?
200
Direct Materials +Direct Labor +Manufacturing Overhead = ?
What is Cost of Goods?
200
Innovation and Learning Customer Financial Internal Business Process
What are the four perspectives of the Balanced Scorecard?
200
Given: Units produced = 1,000 Units sold = 1,000 Direct Material = $6/unit Direct Labor = $10/unit Variable Mfg. Overhead = $6/unit Total Fixed Overhead = $6,000 Variable Selling and Admin = $2 Fixed Selling and Admin. = $2,000 Revenue = $50,000 Calculate unit Product Cost under Variable Costing Method.
What is $24?
200
Maximum total points possible in this class?
What is 705? (680 + 25 extra credit)
300
A budget adjusted for changes in volume, separating activity from spending variances.
What is a flexible budget?
300
This costing method is used for external reporting and follows GAAP.
What is Absorption Costing?
300
When Pepsi introduced Diet Pepsi, consumers already had an expectation of taste and quality before sampling the new product, giving Pepsi this cost advantage.
What is brand-name capital?
300
Given: Units produced = 1,000 Units sold = 1,000 Direct Material = $6/unit Direct Labor = $10/unit Variable Mfg. Overhead = $6/unit Total Fixed Overhead = $6,000 Variable Selling and Admin = $2 Fixed Selling and Admin. = $2,000 Revenue = $50,000 Calculate the Contribution Margin under the Variable Cost Method.
What is $28,000?
300
Maximum points available for Organization and Structure on rubric for cases.
What is 5?
400
A method of allocating costs, whereby one service department's cost is allocated to all remaining service departments (in order) until all service department costs are allocated to final products.
What is the Step-Down Method?
400
Costs are assigned to repetitive "activities" or cost pools in this non-GAAP costing method.
What is Activity-Based Costing?
400
Fiber optics and restaurant beepers are examples of this force affecting a firm's business strategy and organizational structure.
What are technological innovations?
400
Given: Units produced = 1,000 Units sold = 1,000 Direct Material = $6/unit Direct Labor = $10/unit Variable Mfg. Overhead = $6/unit Total Fixed Overhead = $6,000 Variable Selling and Admin = $2 Fixed Selling and Admin. = $2,000 Revenue = $50,000 Calculate the difference in Net Income between Absorption and Variable Costing, assuming beginning inventory is zero.
What is 0?
400
The age of Ottawa University in years.
What is 150?
500
The internal price assigned to products or services used by another cost center within the same company.
What is Transfer Price?
500
This costing method reduces the incentive to overproduce.
What is Variable Costing?
500
The debate on how to measure quality of health care under the Affordable Care Act (Obamacare) is an example of the major issue of this organizational innovation.
What is Total Quality Management (TQM)?
500
Given: Units produced = 1,000 Units sold = 1,000 Direct Material = $6/unit Direct Labor = $10/unit Variable Mfg. Overhead = $6/unit Total Fixed Overhead = $6,000 Variable Selling and Admin = $2 Fixed Selling and Admin. = $2,000 Revenue = $50,000 Calculate Gross Margin under Absorption Method.
What is $22,000?
500
The President of Ottawa University.
Who is Kevin Eichner?