Exam 15: Integrated Production Processes IPP

Theoretically,in the push approach to manufacturing,each job consists of a batch of one unit.

TB Figure 15.5 displays a Level 0 DFD - Cost Accounting: Variance Analysis.Match the items in the following alphabetical list to the missing items (A - J)in the diagram.

The process within TB Figure 15.1 Bubble 1.0 might be described as follows: Consistent with the value chain concept,the IPP begins with the design of the product and production processes.Activity-based costing can be used to develop estimates of the future cost of producing new products as well as potential cost changes from product or design changes.The entire design process is automated through the use of computer-aided design (CAD)and computer-aided engineering (CAE).With the use of enterprise systems,the electronic designs produced using CAD/CAE become the basis for developing detailed production schedules (bubble 2.0 in TB Figure 15.1)as well as the electronic control of production machines.In addition to the detailed product design,the CAD/CAE process results in several data stores of information that are used later in the IPP: Refer to TB Figure 15.1.Prepare a Level 1 data flow diagram for the product and production process design process only.

______________________________ is an inventory management approach where inventory needs and inventory production capabilities are matched across the entire global enterprise.

JIT is often called a kanban process.

Production is initiated as individual sales orders are received with this type of manufacturing:

The AICPA's Practice Alert No.94-02: Auditing Inventories-Physical Observations describes several circumstances that constitute inventory fraud.Which of the following is not an example of inventory fraud?

Which of the following is a statement of specific production goals developed from forecasts of demand,actual sales orders,or inventory information?

The process within TB Figure 15.3,Bubble 3.0 might be described as follows: After the master production schedule is determined,an important step in completing the production in a timely manner is identifying,ordering,and receiving materials.Materials requirements planning is a process that uses bills of material,raw material and WIP inventory status data,open order data,and the master production schedule to calculate a time-phased order requirements schedule for materials and subassemblies.The schedule shows the time period when a manufacturing order or purchase order should be released so that the subassemblies and raw materials will be available when needed.The process involves working backward from the date production is to begin to determine the timing for manufacturing subassemblies and then moving back further to determine the date that orders for materials must be issued into the purchasing process.In an enterprise system,this process is performed automatically,using a variety of data from the enterprise database including: The process begins by exploding the bill of materials to determine the total of each component required to manufacture a given quantity of an upper level assembly or a subassembly specified in the master production schedule.Based on lead time data for producing and ordering materials and subassembly requirements are output in a time-phased order requirements schedule.Based on this schedule,and open PO data,purchase requisitions are generated and sent to purchasing. Required: Refer to TB Figure 15.3.Prepare a Level 1 data flow diagram for the materials requirements planning process only.

In the ______________________________ approach to manufacturing,the sales forecast drives the production plan and goods are produced in large batches.

The ______________________________ process is devoted to monitoring and recording the status of manufacturing orders as they proceed through the factory.

What conveys authority for the manufacture of a specified product or subassembly in a specified quantity and describe the material,labor,and machine requirements for the job?

The ______________________________ approach to manufacturing places responsibility for quality in the hands of the builder rather than in those of the inspector.

______________________________ is an integrated decision support system for planning,executing,and controlling manufacturing operations.

Purchase orders convey authority for the manufacture of a specified product or subassembly in specified quantity and describe the material,labor,and machine requirements for the job.

A process costing is a costing approach where detailed costs to perform activities throughout the value chain are computed and can be managed or assigned to cost objects,including products.

Which of the following involves measuring the time from authorization of goods to be produced to when the goods are completed?

______________________________ is the accumulation of data on current inventories,sales commitments,planned production and excess production capacity or other planned production capacity that could be quickly converted to production of the desired finished goods necessary to fulfill a sales order request.

With the pull approach to manufacturing,factory machinery is arranged in clusters or cells.

The computer technology application that automates the product design process,including but not limited to the functions of geometric modeling,materials stress and strain analysis,drafting,storing product specifications,and mechanical simulation of a product's performance,is called ______________________________.