Question 1

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

Question 2

Sule Technologies installed a new production monitoring system that will reduce system breakdowns by 35%.The new system will increase throughput by

Accepted Answer

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

Question 3

To control for risks associated with the threat of inventory loss,who should have primary responsibility for work-in-process inventories?

Accepted Answer

A)  a factory supervisor 
B)  the inventory stores department 
C)  purchasing 
D)  the receiving department 
A)  a factory supervisor 
B)  the inventory stores department 
C)  purchasing 
D)  the receiving department A

Question 4

Describe five threats in the production cycle and the applicable control procedures used to mitigate each threat.

Accepted Answer

Threat 1: Unauthorized transactions - Co

Question 5

Discuss the role the accountant can play in the production cycle.

Accepted Answer

The accountant can play a role and provi

Question 6

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 7

________ 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 8

The operations list shows

Accepted Answer

A)  the labor and machine requirements. 
B)  the steps and operations in the production cycle. 
C)  the time expected to complete each step or operation. 
D)  all of the above 
A)  the labor and machine requirements. 
B)  the steps and operations in the production cycle. 
C)  the time expected to complete each step or operation. 
D)  all of the above

Question 9

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 10

Identify the cost below most likely to be classified as manufacturing overhead.

Accepted Answer

A)  production workers' pay 
B)  raw materials used in production 
C)  insurance 
D)  none of the above 
A)  production workers' pay 
B)  raw materials used in production 
C)  insurance 
D)  none of the above

Question 11

Identify one control that can be used to mitigate the threat of poor product design that results in excess costs.

Accepted Answer

A)  production planning systems 
B)  analysis of warranty and repair costs 
C)  encryption 
D)  insurance 
A)  production planning systems 
B)  analysis of warranty and repair costs 
C)  encryption 
D)  insurance

Question 12

What issue did Airbus encounter when using CAD software to help design the A380 Superjumbo airliner?

Accepted Answer

A)  The actual A380 was heavier than the CAD model. 
B)  The actual A380 was not able to carry as much weight as the CAD model. 
C)  Design teams used different versions of the same CAD software, resulting in key information loss. 
D)  The CAD software was not advanced enough to help design the A380. 
A)  The actual A380 was heavier than the CAD model. 
B)  The actual A380 was not able to carry as much weight as the CAD model. 
C)  Design teams used different versions of the same CAD software, resulting in key information loss. 
D)  The CAD software was not advanced enough to help design the A380.

Question 13

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 14

Yasamin Roshni owns and operates a small deli in Miami,Florida.Each morning she prepares a list that describes the quantity and variety 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 15

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

Question 16

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 17

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

Question 18

A master production schedule is used to develop detailed

Accepted Answer

A)  timetables of daily production and determine raw material needs. 
B)  reports on daily production and material usage. 
C)  daily reports on direct labor needs. 
D)  inventory charts. 
A)  timetables of daily production and determine raw material needs. 
B)  reports on daily production and material usage. 
C)  daily reports on direct labor needs. 
D)  inventory charts.

Question 19

How can CAD software help improve the efficiency and effectiveness of the product design process?

Accepted Answer

A)  It can eliminate the costs associated with creating and destroying physical prototypes. 
B)  It can simulate how new products will be manufactured. 
C)  It can store all the data associated with all products. 
D)  All of the above 
A)  It can eliminate the costs associated with creating and destroying physical prototypes. 
B)  It can simulate how new products will be manufactured. 
C)  It can store all the data associated with all products. 
D)  All of the above

Question 20

Using technology such as robots and computer-controlled machinery to shift from mass production to custom order manufacturing is referred to as

Accepted Answer

A)  computer integrated manufacturing (CIM). 
B)  lean manufacturing. 
C)  Six Sigma. 
D)  computer-aided design (CA
D) . 
A)  computer integrated manufacturing (CIM). 
B)  lean manufacturing. 
C)  Six Sigma. 
D)  computer-aided design (CA
D) .

Exam 14: The Production Cycle

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

Sule Technologies installed a new production monitoring system that will reduce system breakdowns by 35%.The new system will increase throughput by

To control for risks associated with the threat of inventory loss,who should have primary responsibility for work-in-process inventories?

Describe five threats in the production cycle and the applicable control procedures used to mitigate each threat.

Discuss the role the accountant can play in the production cycle.

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

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

The operations list shows

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

Identify the cost below most likely to be classified as manufacturing overhead.

Identify one control that can be used to mitigate the threat of poor product design that results in excess costs.

What issue did Airbus encounter when using CAD software to help design the A380 Superjumbo airliner?

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)

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

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

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

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

A master production schedule is used to develop detailed

How can CAD software help improve the efficiency and effectiveness of the product design process?

Using technology such as robots and computer-controlled machinery to shift from mass production to custom order manufacturing is referred to as

Accounting Information Systems: an Overview

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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