Question 1

Folding Squid Technologies initiated a just-in-time inventory system in 2010.Now the production manager,Chan Ziaou,wants to apply the same principles to the entire production process.His recommendation is for the company adopt a

Accepted Answer

A)   lean manufacturing system.
B)   master production scheduling system.
C)   manufacturing resource planning system.
D)   computer-integrated manufacturing system.

Question 2

Pull manufacturing is officially known as

Accepted Answer

A)   manufacturing resource planning (MRP) .
B)   just-in-time manufacturing system (JIT) .
C)   the economic order quantity (EOQ)  system.
D)   ahead-of-time production implementation (ATPI) .

Question 3

How many side panels should the company budget for use in week two?
Bill of Materials

Accepted Answer

600 (2 per finished ...

Question 4

Identify and discuss the two documents that are the result of product design activities.

Accepted Answer

The two documents that are the result of...

Question 5

Which objective listed below is not a cost accounting objective for the production cycle?

Accepted Answer

A)   provide information for planning, controlling, and evaluating the performance of production operations
B)   provide cost data about products used in pricing and product mix decisions
C)   collect and process the information used to calculate inventory and cost of goods sold amounts that appear in the financial statements
D)   provide tests of audit control functions as part of the AIS

Question 6

Wee Bee Trucking determines the cost per delivery by averaging total cost over number of deliveries.This is an example of ________ costing.

Accepted Answer

A)   job-order
B)   unit-based
C)   activity-based
D)   process

Question 7

Dolly Salem owns and operates a bakery in Charleston,South Carolina.She maintains a file of recipes that list the ingredients used to make her famous cakes and cookies.These recipes are examples of a(an)

Accepted Answer

A)   bill of materials.
B)   operations list.
C)   production order.
D)   materials requisition.

Question 8

An MRP inventory system reduces inventory levels by

Accepted Answer

A)   reducing the uncertainty about when materials are needed.
B)   computing exact costs of purchasing and carrying inventory.
C)   delivering materials to the production floor exactly when needed and in exact quantities.
D)   none of the above

Question 9

For replacement of inventories and assets destroyed by fire or other disasters,an organization needs

Accepted Answer

A)   stand-by facilities.
B)   adequate insurance coverage.
C)   source data automation.
D)   All of the above are correct.

Question 10

The expenses associated with disposal of defective products are ________ costs.

Accepted Answer

A)   prevention
B)   inspection
C)   internal failure
D)   external failure

Question 11

At the end of each production run,preventive maintenance is done on the assembly line.The expenses associated with this maintenance are ________ overhead.

Accepted Answer

A)   batch-related
B)   product-related
C)   companywide
D)   department-based

Question 12

Identify and discuss the two common methods of production planning.

Accepted Answer

The two common methods of production pla...

Question 13

Dolly Salem owns and operates a bakery in Charleston,South Carolina.Each afternoon,she prepares a shopping list that describes the quantity and variety of ingredients that she will purchase in the evening from a local food wholesaler.The shopping list is an example of a(an)

Accepted Answer

A)   bill of materials.
B)   operations list.
C)   production order.
D)   materials requisition.

Question 14

The use of various forms of information technology in the production process is referred to as

Accepted Answer

A)   computerized investments and machines.
B)   computerized integration of machines.
C)   computer-integrated manufacturing.
D)   computer intense manufacturing.

Question 15

Which type of information below should not be maintained by the AIS in accounting for fixed assets?

Accepted Answer

A)   identification/serial number
B)   cost
C)   improvements
D)   market value

Question 16

Discuss the criticisms of traditional cost accounting methods.

Accepted Answer

There can be an inappropriate allocation...

Question 17

Wee Bee Trucking determines the cost per delivery by identifying variables as cost drivers,and allocating overhead accordingly.This is an example of ________ costing.

Accepted Answer

A)   job-order
B)   unit-based
C)   activity-based
D)   process

Question 18

______ is an efficient way to track and process information about raw materials used in production.

Accepted Answer

A)   A just-in-time inventory system
B)   Identifying materials with bar codes or RFID tags
C)   A materials resources planning inventory system
D)   Job-order costing

Question 19

In addition to identifying and dealing with defective products before they reach customers,quality management is concerned with initiating process changes that will reduce the number of defective units produced.All other things held constant,a decrease in the number of defective units will increase throughput by

Accepted Answer

A)   increasing productive capacity.
B)   increasing productive processing time.
C)   increasing yield.
D)   increasing all components of throughput.

Question 20

Clint Smith operates a machine shop in Burbank,California.He places bids on small lot production projects submitted by firms throughout the Los Angeles area.Which of the following is most likely to be a cost driver for the allocation of utility costs?

Accepted Answer

A)   Number of units produced
B)   Number of labor hours
C)   Number of projects completed
D)   Sales revenue

Exam 14: The Production Cycle

At the end of each production run,preventive maintenance is done on the assembly line.The expenses associated with this maintenance are ________ overhead.

Correct Answer
verified

Dolly Salem owns and operates a bakery in Charleston,South Carolina.Each afternoon,she prepares a shopping list that describes the quantity and variety of ingredients that she will purchase in the evening from a local food wholesaler.The shopping list is an example of a(an)

Correct Answer
verified

An MRP inventory system reduces inventory levels by

Correct Answer
verified

Clint Smith operates a machine shop in Burbank,California.He places bids on small lot production projects submitted by firms throughout the Los Angeles area.Which of the following is most likely to be a cost driver for the allocation of utility costs?

Correct Answer
verified

Which objective listed below is not a cost accounting objective for the production cycle?

Correct Answer
verified

Wee Bee Trucking determines the cost per delivery by identifying variables as cost drivers,and allocating overhead accordingly.This is an example of ________ costing.

Correct Answer
verified

Dolly Salem owns and operates a bakery in Charleston,South Carolina.She maintains a file of recipes that list the ingredients used to make her famous cakes and cookies.These recipes are examples of a(an)

Correct Answer
verified

Identify and discuss the two documents that are the result of product design activities.

Correct Answer
verified
The two documents that are the result of...
View Answer

Which type of information below should not be maintained by the AIS in accounting for fixed assets?

Correct Answer
verified

How many side panels should the company budget for use in week two? Bill of Materials

Correct Answer
verified
600 (2 per finished ...
View Answer

Identify and discuss the two common methods of production planning.

Correct Answer
verified
The two common methods of production pla...
View Answer

The use of various forms of information technology in the production process is referred to as

Correct Answer
verified

Discuss the criticisms of traditional cost accounting methods.

Correct Answer
verified
There can be an inappropriate allocation...
View Answer

The expenses associated with disposal of defective products are ________ costs.

Correct Answer
verified

Wee Bee Trucking determines the cost per delivery by averaging total cost over number of deliveries.This is an example of ________ costing.

Correct Answer
verified

Folding Squid Technologies initiated a just-in-time inventory system in 2010.Now the production manager,Chan Ziaou,wants to apply the same principles to the entire production process.His recommendation is for the company adopt a

Correct Answer
verified

Pull manufacturing is officially known as

Correct Answer
verified

______ is an efficient way to track and process information about raw materials used in production.

Correct Answer
verified

Correct Answer
verified

For replacement of inventories and assets destroyed by fire or other disasters,an organization needs

Correct Answer
verified

Exam 14: The Production Cycle

At the end of each production run,preventive maintenance is done on the assembly line.The expenses associated with this maintenance are ________ overhead.

Correct AnswerverifiedShow Answer

Dolly Salem owns and operates a bakery in Charleston,South Carolina.Each afternoon,she prepares a shopping list that describes the quantity and variety of ingredients that she will purchase in the evening from a local food wholesaler.The shopping list is an example of a(an)

Correct AnswerverifiedShow Answer

An MRP inventory system reduces inventory levels by

Correct AnswerverifiedShow Answer

Clint Smith operates a machine shop in Burbank,California.He places bids on small lot production projects submitted by firms throughout the Los Angeles area.Which of the following is most likely to be a cost driver for the allocation of utility costs?

Correct AnswerverifiedShow Answer

Which objective listed below is not a cost accounting objective for the production cycle?

Correct AnswerverifiedShow Answer

Wee Bee Trucking determines the cost per delivery by identifying variables as cost drivers,and allocating overhead accordingly.This is an example of ________ costing.

Correct AnswerverifiedShow Answer

Dolly Salem owns and operates a bakery in Charleston,South Carolina.She maintains a file of recipes that list the ingredients used to make her famous cakes and cookies.These recipes are examples of a(an)

Correct AnswerverifiedShow Answer

Identify and discuss the two documents that are the result of product design activities.

Correct AnswerverifiedThe two documents that are the result of...View AnswerShow Answer

Which type of information below should not be maintained by the AIS in accounting for fixed assets?

Correct AnswerverifiedShow Answer

How many side panels should the company budget for use in week two? Bill of Materials

Correct Answerverified600 (2 per finished ...View AnswerShow Answer

Identify and discuss the two common methods of production planning.

Correct AnswerverifiedThe two common methods of production pla...View AnswerShow Answer

The use of various forms of information technology in the production process is referred to as

Correct AnswerverifiedShow Answer

Discuss the criticisms of traditional cost accounting methods.

Correct AnswerverifiedThere can be an inappropriate allocation...View AnswerShow Answer

The expenses associated with disposal of defective products are ________ costs.

Correct AnswerverifiedShow Answer

Wee Bee Trucking determines the cost per delivery by averaging total cost over number of deliveries.This is an example of ________ costing.

Correct AnswerverifiedShow Answer

Folding Squid Technologies initiated a just-in-time inventory system in 2010.Now the production manager,Chan Ziaou,wants to apply the same principles to the entire production process.His recommendation is for the company adopt a

Correct AnswerverifiedShow Answer

Pull manufacturing is officially known as

Correct AnswerverifiedShow Answer

______ is an efficient way to track and process information about raw materials used in production.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

For replacement of inventories and assets destroyed by fire or other disasters,an organization needs

Correct AnswerverifiedShow Answer

Correct Answer
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The two documents that are the result of...
View Answer

Correct Answer
verified

Correct Answer
verified
600 (2 per finished ...
View Answer

Correct Answer
verified
The two common methods of production pla...
View Answer

Correct Answer
verified

Correct Answer
verified
There can be an inappropriate allocation...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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