Which of the following is accurate with respect to Service Efforts and Accomplishments (SEA) reporting?
A. Government and not-for-profit effectiveness can be quantified and illustrated in financial terms.
B. Effectiveness in nonbusiness organizations must be measured in terms of the quality of the service provided or the extent to which an organization fulfills its mission which is calculated using a matrix that includes several inputs and outputs.
C. Ratio analysis is typically used to illustrate program efficiency and effectiveness.
D. According to the GASB, output measures are the quantity of a service provided or the quantity of a service that meets a certain quality requirement.
Answer: D
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Indicate whether the statement is true or false
To calculate the total cost of goods manufactured from total manufacturing costs
A) subtract all period costs from total manufacturing costs. B) add beginning and subtract ending finished goods inventory to total manufacturing costs. C) you must know how many goods were sold during the period. D) add beginning and subtract ending work in process inventory to total manufacturing costs.
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