Question 1

A finished goods status report is sent to production planning from the stores department.

Accepted Answer

A) True 
 B)False

Question 2

Why is it important to design control systems in a quick-response manufacturing system before the manufacturing system is implemented?

Accepted Answer

Controls should be included in the des

Question 3

Systems that include software for defining the manufacturing process or tools to increase productivity are known as ________ systems.

Accepted Answer

The answer of Systems that include software for defining the...

Question 4

The significance of activity-based costing as a management tools depends largely on the accuracy of the cost drivers selected as allocation bases.

Accepted Answer

A) True 
 B)False

Question 5

Reorder point is calculated as the purchasing cost per order multiplied by the average inventory usage rate.

Accepted Answer

A) True 
 B)False

Question 6

The best sources of information necessary to calculate an EOQ are prior purchase orders.

Accepted Answer

A) True 
 B)False

Question 7

In a production planning system,the production status file is used as an input for which of the following groups of applications?

Accepted Answer

A)  Scheduling and cost accounting 
B)  Cost accounting and planning 
C)  Scheduling and reporting 
D)  Reporting and cost accounting 
A)  Scheduling and cost accounting 
B)  Cost accounting and planning 
C)  Scheduling and reporting 
D)  Reporting and cost accounting

Question 8

There are ________ major elements that enter into the cost of manufacturing a product.

Accepted Answer

The answer of There are ________ major elements that enter...

Question 9

Which of the following is not a concern regarding the storage and handling of inventory items?

Accepted Answer

A)  Price paid per unit 
B)  Protection against damage or spoilage 
C)  Avoidance of obsolescence 
D)  Security against embezzlement 
A)  Price paid per unit 
B)  Protection against damage or spoilage 
C)  Avoidance of obsolescence 
D)  Security against embezzlement

Question 10

The ________ in MRP is used comprehensively to include all types of inventories.

Accepted Answer

The answer of The ________ in MRP is used comprehensively...

Question 11

Which of the following objectives in a property accounting application system relates to the process of periodic comparison of physical assets with the accounting records?

Accepted Answer

A)  Provide for appropriate depreciation and/or amortization calculations 
B)  Maintain adequate records that identify assets with description, cost, and physical location 
C)  Provide for reevaluation for insurance and replacement cost purposes 
D)  Provide management with reports for planning and controlling individual asset items 
A)  Provide for appropriate depreciation and/or amortization calculations 
B)  Maintain adequate records that identify assets with description, cost, and physical location 
C)  Provide for reevaluation for insurance and replacement cost purposes 
D)  Provide management with reports for planning and controlling individual asset items

Question 12

Which is the best way for a company to prevent having outdated inventory on hand?

Accepted Answer

A)  Store inventory securely 
B)  Classify inventory according to location in the company's records 
C)  Evaluate inventory turnover 
D)  Write down the inventory balance when a warehouse employee finds outdated inventory 
A)  Store inventory securely 
B)  Classify inventory according to location in the company's records 
C)  Evaluate inventory turnover 
D)  Write down the inventory balance when a warehouse employee finds outdated inventory

Question 13

Lean production is a production system in which parts are produced only as they are required in subsequent operations.

Accepted Answer

A) True 
 B)False

Question 14

The document which gives authorization to the production department to manufacture a product is a

Accepted Answer

A)  production order. 
B)  materials requisition. 
C)  purchase order. 
D)  sales forecast. 
A)  production order. 
B)  materials requisition. 
C)  purchase order. 
D)  sales forecast.

Question 15

GTIN is an identifier used to look up product information in a(n)________ like UPCs.

Accepted Answer

The answer of GTIN is an identifier used to look...

Question 16

In the production-planning application system,________ contain information about the work center,length of time,and tooling required to perform each task.

Accepted Answer

The answer of In the production-planning application system,________ contain information...

Question 17

Activity-based costing (ABC)systems allocate overhead differently than traditional cost accounting systems.The difference between an ABC and a traditional cost accounting system is that

Accepted Answer

A)  traditional systems calculate several overhead rates, one for each manufacturing activity. 
B)  an ABC system uses a single allocation overhead rate. 
C)  ABC systems calculate several overhead rates, one for each manufacturing activity. 
D)  a traditional cost accounting system uses two overhead allocation rates: one for actual activity and one for estimates (or standards). 
A)  traditional systems calculate several overhead rates, one for each manufacturing activity. 
B)  an ABC system uses a single allocation overhead rate. 
C)  ABC systems calculate several overhead rates, one for each manufacturing activity. 
D)  a traditional cost accounting system uses two overhead allocation rates: one for actual activity and one for estimates (or standards).

Question 18

The file or record that is essentially a subsidiary ledger for tangible assets,such as land,buildings,machinery,and equipment,is the

Accepted Answer

A)  fixed assets register. 
B)  fixed assets control ledger. 
C)  property master ledger. 
D)  property control ledger. 
A)  fixed assets register. 
B)  fixed assets control ledger. 
C)  property master ledger. 
D)  property control ledger.

Question 19

The master-operations file is one of the data sources integrated with others in the production-planning application program.

Accepted Answer

A) True 
 B)False

Question 20

Industrial robots are used to move material,parts,tools,or specialized devices through variable programmed motions for the performance of a variety of tasks.

Accepted Answer

A) True 
 B)False

A finished goods status report is sent to production planning from the stores department.

Why is it important to design control systems in a quick-response manufacturing system before the manufacturing system is implemented?

Systems that include software for defining the manufacturing process or tools to increase productivity are known as ________ systems.

The significance of activity-based costing as a management tools depends largely on the accuracy of the cost drivers selected as allocation bases.

Reorder point is calculated as the purchasing cost per order multiplied by the average inventory usage rate.

The best sources of information necessary to calculate an EOQ are prior purchase orders.

In a production planning system,the production status file is used as an input for which of the following groups of applications?

There are ________ major elements that enter into the cost of manufacturing a product.

Which of the following is not a concern regarding the storage and handling of inventory items?

The ________ in MRP is used comprehensively to include all types of inventories.

Which of the following objectives in a property accounting application system relates to the process of periodic comparison of physical assets with the accounting records?

Which is the best way for a company to prevent having outdated inventory on hand?

Lean production is a production system in which parts are produced only as they are required in subsequent operations.

The document which gives authorization to the production department to manufacture a product is a

GTIN is an identifier used to look up product information in a(n)________ like UPCs.

In the production-planning application system,________ contain information about the work center,length of time,and tooling required to perform each task.

Activity-based costing (ABC)systems allocate overhead differently than traditional cost accounting systems.The difference between an ABC and a traditional cost accounting system is that

The file or record that is essentially a subsidiary ledger for tangible assets,such as land,buildings,machinery,and equipment,is the

The master-operations file is one of the data sources integrated with others in the production-planning application program.

Industrial robots are used to move material,parts,tools,or specialized devices through variable programmed motions for the performance of a variety of tasks.

Accounting Information Systems: An Overview

Systems Techniques and Documentation

Ebusiness and Ecommerce

Transaction Processing and the Internal Control Process

Fraud Examination and Fraud Management

Information Systems Security

Electronic Data Processing Systems

Revenue Cycle Processes

Procurement and Human Resources Business Processes

Systems Planning, analysis, and Design

Systems Project Management, implementation, operation, control

Data Management Concepts

Auditing Information Technology

Filters

Exam 10: The Production Business Process

A finished goods status report is sent to production planning from the stores department.

Why is it important to design control systems in a quick-response manufacturing system before the manufacturing system is implemented?

Systems that include software for defining the manufacturing process or tools to increase productivity are known as ________ systems.

The significance of activity-based costing as a management tools depends largely on the accuracy of the cost drivers selected as allocation bases.

Reorder point is calculated as the purchasing cost per order multiplied by the average inventory usage rate.

The best sources of information necessary to calculate an EOQ are prior purchase orders.

In a production planning system,the production status file is used as an input for which of the following groups of applications?

There are ________ major elements that enter into the cost of manufacturing a product.

Which of the following is not a concern regarding the storage and handling of inventory items?

The ________ in MRP is used comprehensively to include all types of inventories.

Which of the following objectives in a property accounting application system relates to the process of periodic comparison of physical assets with the accounting records?

Which is the best way for a company to prevent having outdated inventory on hand?

Lean production is a production system in which parts are produced only as they are required in subsequent operations.

The document which gives authorization to the production department to manufacture a product is a

GTIN is an identifier used to look up product information in a(n)________ like UPCs.

In the production-planning application system,________ contain information about the work center,length of time,and tooling required to perform each task.

Activity-based costing (ABC)systems allocate overhead differently than traditional cost accounting systems.The difference between an ABC and a traditional cost accounting system is that

The file or record that is essentially a subsidiary ledger for tangible assets,such as land,buildings,machinery,and equipment,is the

The master-operations file is one of the data sources integrated with others in the production-planning application program.

Industrial robots are used to move material,parts,tools,or specialized devices through variable programmed motions for the performance of a variety of tasks.

Accounting Information Systems: An Overview

Systems Techniques and Documentation

Ebusiness and Ecommerce

Transaction Processing and the Internal Control Process

Fraud Examination and Fraud Management

Information Systems Security

Electronic Data Processing Systems

Revenue Cycle Processes

Procurement and Human Resources Business Processes

Systems Planning, analysis, and Design

Systems Project Management, implementation, operation, control

Data Management Concepts

Auditing Information Technology

Filters