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galina1969 [7]
3 years ago
13

The balanced scorecard approach uses only financial measures to evaluate performance. uses rather vague, open statements when se

tting objectives in order to allow managers and employees flexibility. normally sets the financial objectives first, and then sets the objectives in the other perspectives to accomplish the financial objectives. evaluates performance using about 10 different perspectives in order to effectively incorporate all areas of the organization.
Business
1 answer:
fomenos3 years ago
8 0

Answer: Normally sets the financial objectives first, and then sets the objectives in the other perspectives to accomplish the financial objectives.

Explanation:

The Balanced Scorecard Approach is a method of measuring the internal business environment's effectiveness.

It is used to improve the parts of the internal business Environment that are in need of improvement which then has the domino effect of improving facets of the external business environment as well.

It has 4 areas that it focuses on in the business, which are Learning and Growth, Business Processes, Customers, and Finance.

The financial objectives are usually set first and then the other areas have objectives set up in such a way that the Financial objectives are accomplished.

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Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three years o
Gre4nikov [31]

<u>Solution and Explanation:</u>

1 Breakeven point = Fixed cost/contribution per unit  

480000+360000 /(57-43)= 60000 Units

2. a  

                                                year 1        year 2           year 3

unit product cost                               41                    41                      41  

Direct material                              25  

Direct Labour                                       12  

Variable manufactoring overhead 4  

Variable costing unit product cost 41  

2. b <u> Variable expenses</u>    

Variable cost of goods sold      24,60,000        30,75,000      16,40,000  

Variable selling and administrative  1,20,000   1,50,000        80,000  

Total variable expenses         25,80,000   32,25,000        17,20,000  

Contributon margin                  8,40,000 -3,75,000 19,85,000  

Fixed expenses    

Fixed manufactoring overhead  4,80,000       4,80,000       4,80,000  

Fixed selling and administrative 3,60,000      3,60,000       3,60,000

Total Fixed Expenses                 8,40,000       8,40,000       8,40,000  

Net operating income                                       -12,15,000  11,45,000 Note                                            Year 1            year 2            year 3

Unit sold                                               60000      50000          65000  

Unit price                                         57                   57                  57  Sales                                            3420000 2850000 3705000  

Variable cost of goods sold    

Unit                                                          60000     75000         40000  

Unit cost                                                          41              41    41  

Total                                              2460000 3075000 1640000  Variable selling and administrative    

Unit                                                               60000 75000 40000  

Unit cost                                                                   2      2                2  Total                                                          120000 150000 80000

3      

a unit product cost                    year 1 year 2 year 3  

         Direct material                                           25              25      25  

Direct Labour                                                      12       12     12  

Variable manufactoring overhead              4                 4        4  

Fixed manufactoring over head                       8          6.4        12  

Variable costing unit product cost                  49           47.4 53  

Note    

Fixed manufactoring over head    

480000 divided by 60000                                       8.00    

480000 divided by75000                                       6.40    

480000 divided by 40000                                     12.00    

<u>b Hass company</u>    

Absorbtion costing income statement    

          Year 1                         year 2             year 3

Sales                            34,20,000        28,50,000        37,05,000  Cost of goods sold      29,40,000        23,70,000        33,05,000  Gross margin                      4,80,000           4,80,000           4,00,000  selling and admin exp       4,80,000           4,60,000           4,90,000  Net operating income               -                20,000             -90,000  Note    

Cost of goods sold    

Year 1 60000 multiply with 49 = 2940000  

Year 2 50000 multiply with47.4=  2370000  

Year 3 25000 * 47.4+40000 * 53=  3305000  

selling and administrative expenses    

Year 1 60000 * 2+360000 = 480000  

Year 2 50000 * 2+360000 = 460000  

Year 3 65000 * 2+360000 = 490000  

     

     

4 0
2 years ago
Identifying specific portions of a market and targeting them with specific advertising messages is called _____.
lorasvet [3.4K]
Answer:  "market segmentation" .
_______________________________________________
7 0
3 years ago
Layne is romantically interested in his employee, Brenda. He has asked her out a few times, but Brenda has turned him down.
DedPeter [7]

Answer: He is not representing good work place habitr

Explanation: you cannot be romantically involved with some one in the work place

4 0
3 years ago
kayo initiates and encourages innovation, fixes unforeseen problems, sets priorities about the use of resources, and works with
aleksandr82 [10.1K]

Kayo initiates and encourages innovation, fixes unforeseen problems, sets priorities about the use of resources, and works with others to accomplish organizational goals. together, these responsibilities comprise a decisional type of managerial role.

<h3>What is the Decisional managerial role?</h3>

Decisional roles are defined as managerial roles where managers are responsible for making calculated and timely decisions for the company's welfare.

To know more about the Decisional managerial role go to the given link:brainly.com/question/14529237

#SPJ4

8 0
1 year ago
Macroeconomic analysis is concerned with: Group of answer choices government regulation of industry The structure of a market an
Zanzabum

Answer:

The answer is C.

Explanation:

Macroeconomics is the study of the economy as a whole, unlike microeconomics which is the study of the individual firms/markets.

Macroeconomics focuses on the standard of living, unemployment rate, inflation rate etc. and how this affects the whole economy.

Option A is wrong because it is the microeconomics and not macroeconomics that studies the market and the firm.

Option B and D are wrong because these are for microeconomics

8 0
3 years ago
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