Identifying Cost Management Information System Objectives

Consider the following actions associated with a cost management information system:

Select the appropriate objectives for each of the following actions of a cost management information system:

Required:

a.	Eliminating a non-value-added activity	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control
b.	Determining how much it costs to perform a heart transplant	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control
c.	Calculating the cost of inspecting components from an outside supplier	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control
d.	Developing and using a budgeted income statement for a division	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control
e.	Eliminating the need to inspect by improving the quality of products and processes	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control
f.	Determining whether selling a product at split-off is more profitable than processing it further before selling it	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control
g.	Calculating the cost of producing an e-book	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control
h.	Using a trend report on quality costs to assess the effectiveness of a quality improvement program	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control
i.	Determining the units that must be sold to break even	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control
j.	Calculating the cost to perform a tooth extraction	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control
k.	Determining the total cost of moving goods	Costing of serviceCosting of an activityCosting of development projectCosting of productDecision makingPlanning and control
l.	Using JIT purchasing and manufacturing to significantly reduce inventories	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control
m.	Using unit product cost to help develop a bid price	Costing of serviceCosting of product/activityCosting of development projectCosting of productDecision makingPlanning and control

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