Question
In: Accounting
Ohunta University in Austria, one of the best universities on the continent presently measures its performance...
Ohunta University in Austria, one of the best universities on the continent presently measures its performance by comparing its actual costs against its budgeted costs for the year. Given the university’s international status, it is currently facing stiff competition from both public and privately-owned universities in Austria. At one of its executive meetings, a member in the finance department has suggested that Ohunta needs to consider additional performance measures such as those indicated by the Balanced Scorecard.
- What is the Balanced Scorecard used for and its advantages and how can the management of Ohunta University utilise this approach to performance measurement
- Discuss two (2) non-financial indicators (from different perspectives of the balanced scorecard) that Ohunta University could use for its performance evaluation.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
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(either one that is soon to be replaced, or one that has recently
been implemented), business analysts will often consider the volume
or sample size of performance measures, as well as their
currency.
a) What can be some of the problems with being able to
obtain reliable information in regards to the volume or sample size
of measurements? What sort of compromise may be required in this
regard?
b) What impact does the...
When collecting performance measures on a system (either one that is soon to be replaced, or...
When collecting performance measures on a system (either one
that is soon to be replaced, or one that has recently been
implemented), business analysts will often consider the volume or
sample size of performance measures, as well as their currency. a)
What can be some of the problems with being able to obtain reliable
information in regards to the volume or sample size of
measurements? What sort of compromise may be required in this
regard? b) What impact does the...
Mcfarlain Corporation is presently making part U98 that is used in one of its products. A...
Mcfarlain Corporation is presently making part U98 that is used
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produced and used every year. The company's Accounting Department
reports the following costs of producing the part at this level of
activity:
Per Unit
Direct materials
$
3.60
Direct labor
$
3.80
Variable overhead
$
1.60
Supervisor's salary
$
4.70
Depreciation of special equipment
$
4.70
Allocated general overhead
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An outside supplier has offered...
Mcfarlain Corporation is presently making part U98 that is used in one of its products. A...
Mcfarlain Corporation is presently making part U98 that is used
in one of its products. A total of 13,000 units of this part are
produced and used every year. The company's Accounting Department
reports the following costs of producing the part at this level of
activity:
Per Unit
Direct materials
$
3.60
Direct labor
$
4.10
Variable overhead
$
1.60
Supervisor's salary
$
4.60
Depreciation of special equipment
$
4.60
Allocated general overhead
$
4.80
An outside supplier has offered...
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