The following is a list of terms related to managerial accounting practices. 1. Activity-based costing. 2. Just-in-time inventory. 3. Balanced scorecard. 4. Value chain. Match each of the terms with the statement below that best describes the term. a. A performance-measurement technique that attempts to consider and evaluate all aspects of performance using financial and nonfinancial measures in an integrated fashion. b. The group of activities associated with providing a product or performing a service c. An approach used to reduce the cost associated with handling and holding inventory by reducing the amount of inventory on hand d. A method used to alocate overhead to products based on each product's use of the activities that cause the incurrence of the overhead cost.

Question

Winston Ho

Business

1 July, 14:37

The following is a list of terms related to managerial accounting practices. 1. Activity-based costing. 2. Just-in-time inventory. 3. Balanced scorecard. 4. Value chain. Match each of the terms with the statement below that best describes the term. a. A performance-measurement technique that attempts to consider and evaluate all aspects of performance using financial and nonfinancial measures in an integrated fashion. b. The group of activities associated with providing a product or performing a service c. An approach used to reduce the cost associated with handling and holding inventory by reducing the amount of inventory on hand d. A method used to alocate overhead to products based on each product's use of the activities that cause the incurrence of the overhead cost.

+5

Answers (1)

Know the Answer?

Cory Herman · Answer 1

1. Activity-based costing - A method used to alocate overhead to products based on each product's use of the activities that cause the incurrence of the overhead cost.

2. Just-in-time inventory - An approach used to reduce the cost associated with handling and holding inventory by reducing the amount of inventory on hand

3. Balanced scorecard - A performance-measurement technique that attempts to consider and evaluate all aspects of performance using financial and nonfinancial measures in an integrated fashion.

4. Value chain - The group of activities associated with providing a product or performing a service