TAILIEUCHUNG - Lecture Cost management: A strategic emphasis (6/e) - Chapter 16: Operational performance measurement

Chapter 16 - Operational performance measurement: Further analysis of productivity and sales. After studying this chapter you should be able to: Explain the strategic role of the flexible budget in analyzing sales and productivity; calculate and interpret the measures for total productivity, partial operational productivity and partial financial productivity; use the flexible budget to calculate and interpret the sales quantity, sales mix, market size, and market share variances;. | Operational Performance Measurement: Further Analysis of Productivity and Sales Chapter Sixteen McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Explain the strategic role of the flexible budget in analyzing sales and productivity Calculate and interpret the measures for total productivity, partial operational productivity and partial financial productivity Use the flexible budget to calculate and interpret the sales quantity, sales mix, market size, and market share variances Use the flexible budget to analyze sales performance over time Learning Objectives Further Analysis of Sales & Productivity The flexible budget can play a strategic role in analyzing sales and productivity The strategic role of sales analysis is to understand the reasons behind an increase (or decrease) in total sales dollars over the budgeted amount or an increase (or decrease) over the prior year The selling price variance and the sales volume variance help managers see how changes in prices and volume affect total sales, contribution, and profit Further Analysis of Sales & Productivity (continued) The strategic role of productivity analysis is to assist management in identifying the drivers of productivity and to implement methods that improve productivity and profitability The key determinants of productivity for most organizations are: Control of waste Control of labor costs Product and manufacturing process innovation Fluctuations in demand due to changes in business cycle (or other reasons) Productivity Analysis Productivity is the ratio of output to input For example, a firm that uses five days to manufacture 100 units has a productivity of 20 (100 units/5 days) units per day A measure of productivity can either be operational or financial Operational productivity is the ratio of output units to input units (both numerator and denominator are physical measures) Financial productivity is also a ratio of output to input, except that either the

• Quản trị kinh doanh
• Cost management
• Cost systems
• Operational performance measurement
• Strategic performance measurement
• Productivity analysis
• Partial productivity
• Management control systems
• Cost accounting
• Fundamentals of cost accounting
• Cost analysis
• Cost management systems
• Lecture Cost management
• Cost management information
• Financial reporting
• Resource capacity management
• Indirect cost variances
• Cost allocation
• Cost allocation bases
• Cost estimation
• Cost estimation methods
• Ebook Management and cost accounting
• Management and cost accounting
• Management accounting
• Cost assignment
• Process costing
• Cost volume profit analysis
• Project management
• Lecture Project management in practice
• Project cost management
• Project perspective
• Cost management plan
• Cost versus expenses
• Cost volume profit
• Short term profit planning
• Cost planning
• Product life cycle
• Direct cost variances
• Nonfinancial performance measures
• Cost centers
• Profit centers