Exam 10: Quality, inventory Management, and Time

If Douglas Fir,Inc.has a safety stock of 135 units and the average weekly demand is 21 units,how many days can be covered if the shipment from the supplier is delayed?

Cause-and-effect diagrams are also called ________.

How do COQ measures and nonfinancial measures complement each other?

________ describe(s)the flow of goods,services,and information from the initial sources of materials and services to the delivery of products to consumers.

How does an increase in demand of a product or service affect the production process?

How does information-gathering technology with barcoding increase the reliability and timeliness of inventory information?

Relevant-cost and relevant-revenue analysis ignores allocated costs.

A/an ________ system is an integrated set of software modules covering accounting,distribution,manufacturing,purchasing,human resources,and other functions.

On-time performance does not increase customer satisfaction because consumers only want lower prices.

The following information applies to Pet Storehouse,which supplies dog houses to pet stores throughout the country.Pet Storehouse purchases the dog houses from a manufacturer which has a reputation for very high quality in its manufacturing operation. What is the reorder point?

________ are costs incurred on defective products after they have been shipped to customers.

A significant component of costs of quality is the opportunity cost of the contribution margin and income forgone from lost sales,lost production,and lower prices that were a result of poor design and conformance quality.

Which of the following is not an advantage of COQ measures?

The managerial accountant at Midlothian Manufacturing recently implemented JIT and she wants to compare the financial performance measure before she implemented JIT.The inventory turnover ratio prior to implementing JIT was 2.5.After JIT,cost of goods sold was $500,000,000 and the average inventory was $1,900,000.What was the inventory turnover ratio at Midlothian Manufacturing? Midlothian Manufacturing Required: Compute the inventory ratio turnover at Midlothian Manufacturing.Was the decision to implement JIT effective?

How do some companies evaluate their response time improvement efforts?

The managerial accountant at Delaware Deluxe Manufacturing reported the following: Delaware Deluxe Manufacturing Required Was the decision to implement JIT effective? Why or why not?

What are observations outside of the control limits? How are they ordered?

________ are costs incurred to detect which of the individual units of products do not conform to specifications

Tall Trees Incorporated is a distributor of swings.Toys'n'Tots is a local retail outlet which sells swings.Toys'n'Tots purchases the swings from Tall Trees Incorporated at $.80 per swing;the swings are shipped in cartons of 60.Tall Trees Incorporated pays all incoming freight,and Toys'n'Tots does not inspect the swings due to Tall Trees' reputation for high quality.Annual demand is 175,600 swings at a rate of 5,300 swings per week.The company earns 14% on its investments.The managerial accountant provided the following cost data: If Toys'n'Tots makes an order (1/12 of annual demand)once per month,what are the relevant total costs?

The square root in the EOQ model diminishes the effect of errors in predicting parameters.