Question 1

In activity-based costing,expenses associated with the purchase of health care insurance for employees are ________ overhead.

Accepted Answer

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

Question 2

Discuss two measures that can address the threats of inefficiencies and quality controls problems.

Accepted Answer

Throughput represents the number of good

Question 3

Dolly Salem owns and operates a bakery in Charleston,South Carolina.She maintains a file that lists the sequence of procedures required to make each of her famous cakes and cookies.These instructions are examples of a(an)

Accepted Answer

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

Question 4

Overproduction or underproduction can be a threat to an organization.To which process or activity does this threat relate?

Accepted Answer

A)  product design 
B)  planning and scheduling 
C)  production operations 
D)  cost accounting 
A)  product design 
B)  planning and scheduling 
C)  production operations 
D)  cost accounting

Question 5

What role does the AIS play in the production cycle?

Accepted Answer

A company 's AIS plays a vital role in t

Question 6

What types of data are accumulated by cost accounting? What is the accountant's role in cost accounting?

Accepted Answer

There are four types of cost data accumu

Question 7

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 8

Which of the following is not a product design objective?

Accepted Answer

A)  Design a product that meets customer requirements. 
B)  Design a quality product. 
C)  Minimize production costs. 
D)  Make the design easy to track for cost accounting purposes. 
A)  Design a product that meets customer requirements. 
B)  Design a quality product. 
C)  Minimize production costs. 
D)  Make the design easy to track for cost accounting purposes.

Question 9

This document appears to be a

Accepted Answer

A)  Materials Requisition. 
B)  Production Order. 
C)  Bill of Materials. 
D)  Move Ticket between production and warehouse functions. 
A)  Materials Requisition. 
B)  Production Order. 
C)  Bill of Materials. 
D)  Move Ticket between production and warehouse functions.

Question 10

How many labor hours should the company budget in week three to produce all side panels needed? Round to the nearest hour,if necessary.
Bill of Materials

Accepted Answer

213 hours ((25.55 minutes per

Question 11

Which of the following is not a benefit of activity-based costing?

Accepted Answer

A)  Lower cost 
B)  Better decisions 
C)  Improved cost management 
D)  Identification of cost drivers 
A)  Lower cost 
B)  Better decisions 
C)  Improved cost management 
D)  Identification of cost drivers

Question 12

The cost of a product liability claim can be classified as a(n)

Accepted Answer

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

Question 13

Dolly Salem owns and operates a bakery in Charleston,South Carolina.Each morning she prepares a list that describes the quantity and variety of cakes and cookies that will be prepared during the day.This list is an example of a(an)

Accepted Answer

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

Question 14

The expenses associated with the use of clean rooms in the production of computer hard drives are ________ costs.

Accepted Answer

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

Question 15

What are the two major types of cost accounting systems and what are the differences between the two?

Accepted Answer

Most companies will use either job-order

Question 16

Wee Bee Trucking determines the cost per delivery by summing the average cost of loading,unloading,transporting,and maintenance.This is an example of ________ costing.

Accepted Answer

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

Question 17

To reduce the threat of theft or destruction of inventories and other fixed assets,the organization may wish to implement which of the following controls?

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 18

What does the first term in the throughput formula,productive capacity,represent?

Accepted Answer

A)  the maximum number of units that can be produced given current technology 
B)  the percentage of total production time used to manufacture a product 
C)  the percentage of "good" units produced given current technology 
D)  the percentage of "bad" units produced given current technology 
A)  the maximum number of units that can be produced given current technology 
B)  the percentage of total production time used to manufacture a product 
C)  the percentage of "good" units produced given current technology 
D)  the percentage of "bad" units produced given current technology

Question 19

Folding Squid Technologies has installed a new production monitoring system that is expected to reduce system breakdowns by 28%.This system will increase throughput by

Accepted Answer

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

Question 20

The threat of loss of data exposes the company to

Accepted Answer

A)  the loss of assets. 
B)  ineffective decision making. 
C)  inefficient manufacturing. 
D)  All of the above are correct. 
A)  the loss of assets. 
B)  ineffective decision making. 
C)  inefficient manufacturing. 
D)  All of the above are correct.

Exam 14: The Production Cycle

In activity-based costing,expenses associated with the purchase of health care insurance for employees are ________ overhead.

Discuss two measures that can address the threats of inefficiencies and quality controls problems.

Dolly Salem owns and operates a bakery in Charleston,South Carolina.She maintains a file that lists the sequence of procedures required to make each of her famous cakes and cookies.These instructions are examples of a(an)

Overproduction or underproduction can be a threat to an organization.To which process or activity does this threat relate?

What role does the AIS play in the production cycle?

What types of data are accumulated by cost accounting? What is the accountant's role in cost accounting?

What information is necessary to create the master production schedule?

Which of the following is not a product design objective?

This document appears to be a

How many labor hours should the company budget in week three to produce all side panels needed? Round to the nearest hour,if necessary. Bill of Materials

Which of the following is not a benefit of activity-based costing?

The cost of a product liability claim can be classified as a(n)

Dolly Salem owns and operates a bakery in Charleston,South Carolina.Each morning she prepares a list that describes the quantity and variety of cakes and cookies that will be prepared during the day.This list is an example of a(an)

The expenses associated with the use of clean rooms in the production of computer hard drives are ________ costs.

What are the two major types of cost accounting systems and what are the differences between the two?

Wee Bee Trucking determines the cost per delivery by summing the average cost of loading,unloading,transporting,and maintenance.This is an example of ________ costing.

To reduce the threat of theft or destruction of inventories and other fixed assets,the organization may wish to implement which of the following controls?

What does the first term in the throughput formula,productive capacity,represent?

Folding Squid Technologies has installed a new production monitoring system that is expected to reduce system breakdowns by 28%.This system will increase throughput by

The threat of loss of data exposes the company to

Accounting Information Systems: an Overview

Overview of Transaction Processing and Erp Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Information Systems Controls for System Reliability Part 1: Information Security

Information Systems Controls for Systems Reliability Part 2: Confidentiality and Privacy

Information Systems Controls for Systems Reliability Part 3: Processing Integrity and Availability

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

The Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters