Question 1

In activity-based costing,the expenses associated with planning and design of new products are ________ overhead.

Accepted Answer

A) batch-related 
B) product-related 
C) company wide 
D) expenditure-based 
A) batch-related 
B) product-related 
C) company wide 
D) expenditure-based

Question 2

________ costs are expenses associated with quality assurance activities.

Accepted Answer

A) Prevention 
B) Inspection 
C) Internal failure 
D) External failure 
A) Prevention 
B) Inspection 
C) Internal failure 
D) External failure

Question 3

What information is necessary to create the master production schedule?

Accepted Answer

A) engineering department specifications and inventory levels 
B) engineering department specifications and sales forecasts 
C) special orders information and engineering department specifications 
D) sales forecasts,special orders information,and inventory levels 
A) engineering department specifications and inventory levels 
B) engineering department specifications and sales forecasts 
C) special orders information and engineering department specifications 
D) sales forecasts,special orders information,and inventory levels

Question 4

Which of the following controls can minimize the threat of misleading reports?

Accepted Answer

A) The use of innovative performance metrics. 
B) The use of periodic physical counts of inventory and reconciliation of those counts to recorded quantities. 
C) The use of encryption. 
D) The use of production planning systems. 
A) The use of innovative performance metrics. 
B) The use of periodic physical counts of inventory and reconciliation of those counts to recorded quantities. 
C) The use of encryption. 
D) The use of production planning systems.

Question 5

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

Question 6

What role does the AIS play in the production cycle?

Accepted Answer

A company's AIS plays a vital role in th

Question 7

What is PLM and how management can use it to improve product design?

Accepted Answer

PLM software can help improve the effici

Question 8

Identify a key feature associated with materials requirements planning.

Accepted Answer

A) determining economic order quantity for all materials 
B) minimizing or eliminating carrying and stockout costs 
C) determining the optimal reorder points for all materials 
D) reducing required inventory levels by scheduling production,rather than estimating needs 
A) determining economic order quantity for all materials 
B) minimizing or eliminating carrying and stockout costs 
C) determining the optimal reorder points for all materials 
D) reducing required inventory levels by scheduling production,rather than estimating needs

Question 9

The risks associated with over-production are likely of greatest concern to which company below?

Accepted Answer

A) a cereal manufacturer 
B) a manufacturer that produces designer clothing 
C) a manufacturer of printer paper 
D) a mailbox manufacturer 
A) a cereal manufacturer 
B) a manufacturer that produces designer clothing 
C) a manufacturer of printer paper 
D) a mailbox manufacturer

Question 10

________ identifies costs with the corporation's strategy for production of goods and services.

Accepted Answer

A) Activity-based costing 
B) Job-order costing 
C) Process costing 
D) Manufacturing costing 
A) Activity-based costing 
B) Job-order costing 
C) Process costing 
D) Manufacturing costing

Question 11

Yasamin Roshni owns and operates a small deli in Miami,Florida.Each afternoon,she prepares a shopping list that describes the quantity and variety of ingredients that she will purchase in the evening from her wholesaler.The shopping list is an example of a(n)

Accepted Answer

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

Question 12

An organization can implement which of the following controls to reduce the threat of inventory theft or damage?

Accepted Answer

A) review and approval of fixed asset acquisitions 
B) improved and more timely reporting 
C) better production and planning systems 
D) document all movement of inventory through the production process 
A) review and approval of fixed asset acquisitions 
B) improved and more timely reporting 
C) better production and planning systems 
D) document all movement of inventory through the production process

Question 13

What is a RFP and how can management use it to improve its production operations?

Accepted Answer

A request for proposal specifies the des

Question 14

Explain what CIM means and its benefits.

Accepted Answer

CIM is the acronym that stands for compu

Question 15

Which of the following is not proposed to be an advantage of activity-based costing?

Accepted Answer

A) Better product mix decisions. 
B) Better product pricing decisions. 
C) Less complex than traditional cost systems. 
D) Better decision. 
A) Better product mix decisions. 
B) Better product pricing decisions. 
C) Less complex than traditional cost systems. 
D) Better decision.

Question 16

Yasamin Roshni owns and operates a small deli in Miami,Florida.Each morning she prepares a list that describes the quantity and variety of subs that will be prepared during the day.This list is an example of a(n)

Accepted Answer

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

Question 17

The best control procedure for accurate data entry is

Accepted Answer

A) the use of on-line terminals. 
B) an access control matrix. 
C) passwords and user IDs. 
D) automation of data collection. 
A) the use of on-line terminals. 
B) an access control matrix. 
C) passwords and user IDs. 
D) automation of data collection.

Question 18

Identify the role below that accountants can play in the production cycle.

Accepted Answer

A) participate in product design 
B) perform cost analysis 
C) help an organization choose an inventory control system 
D) all of the above 
A) participate in product design 
B) perform cost analysis 
C) help an organization choose an inventory control system 
D) all of the above

Question 19

ERP systems make it easier for an organization to implement an activity based costing approach.

Accepted Answer

A) True 
 B)False

Question 20

Sule Technologies initiated a just-in-time inventory system in 2013.Now the production manager,Chan Ziaou,wants to apply the same principles to the entire production process.His recommendation is that Sule adopt a

Accepted Answer

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

Exam 14: The Production Cycle

In activity-based costing,the expenses associated with planning and design of new products are ________ overhead.

________ costs are expenses associated with quality assurance activities.

What information is necessary to create the master production schedule?

Which of the following controls can minimize the threat of misleading reports?

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

What role does the AIS play in the production cycle?

What is PLM and how management can use it to improve product design?

Identify a key feature associated with materials requirements planning.

The risks associated with over-production are likely of greatest concern to which company below?

________ identifies costs with the corporation's strategy for production of goods and services.

Yasamin Roshni owns and operates a small deli in Miami,Florida.Each afternoon,she prepares a shopping list that describes the quantity and variety of ingredients that she will purchase in the evening from her wholesaler.The shopping list is an example of a(n)

An organization can implement which of the following controls to reduce the threat of inventory theft or damage?

What is a RFP and how can management use it to improve its production operations?

Explain what CIM means and its benefits.

Which of the following is not proposed to be an advantage of activity-based costing?

Yasamin Roshni owns and operates a small deli in Miami,Florida.Each morning she prepares a list that describes the quantity and variety of subs that will be prepared during the day.This list is an example of a(n)

The best control procedure for accurate data entry is

Identify the role below that accountants can play in the production cycle.

ERP systems make it easier for an organization to implement an activity based costing approach.

Sule Technologies initiated a just-in-time inventory system in 2013.Now the production manager,Chan Ziaou,wants to apply the same principles to the entire production process.His recommendation is that Sule adopt a

Conceptual Foundations of Accounting Information Systems

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

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