Cost Allocation and Responsibility accounting

E24-19 (book/static) Question Help Financial performance is measured in many ways. Requirements V 1. Explain the difference between lag and lead indicators. 2. The following is a list of financial measures. Indicate whether each is a lag or lead indicator: V a. Income statement shows net income of $100,000 b. Listing of next week's orders of $50,000 C . Trend showing that average hits on the redesigned website are increasing at 5% per week d. Price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e . Contract signed last month with large retail store that guarantees a minimum shelf space for Grandpa's Overloaded Chocolate Cookies for the next year Requirement 1. Explain the difference between lag and lead indicators. Lag indicators are performance measures that tend to They Lead indicators are performance measures that tend to V. They ools Incorrect: 0 imilar to) (0/1) odules