Question 1

As a manufacturer moves from a batch to at JIT continuous flow manufacturing environment,more emphasis may be placed on an MRP II system.

Accepted Answer

A) True 
 B)False

Question 2

The document which specifies detailed labor operations,their sequencing,and their related machine requirements is

Accepted Answer

A)  the bill of materials. 
B)  the master operations list. 
C)  either the bill of materials or master operations list. 
D)  the product specification and design abstract. 
A)  the bill of materials. 
B)  the master operations list. 
C)  either the bill of materials or master operations list. 
D)  the product specification and design abstract.

Question 3

Describe RFID including the benefits and drawbacks of this technology.Also compare this technology to that of bar codes.

Accepted Answer

Radio-frequency identification is an a

Question 4

Discuss the financial benefits of just-in-time production systems.

Accepted Answer

Using a JIT production system cuts a n

Question 5

Which of the following is the best internal control over fixed assets?

Accepted Answer

A)  Analyze monthly variances between authorized and actual expenditures. 
B)  Establish a written company policy distinguishing between capital and revenue expenditures. 
C)  Require acquisitions to be authorized by user departments. 
D)  Use a budget to control acquisitions and retirements. 
A)  Analyze monthly variances between authorized and actual expenditures. 
B)  Establish a written company policy distinguishing between capital and revenue expenditures. 
C)  Require acquisitions to be authorized by user departments. 
D)  Use a budget to control acquisitions and retirements.

Question 6

The "heart" of the MRP II system is the MRP system.

Accepted Answer

A) True 
 B)False

Question 7

Solids modeling,finite-elements analysis,and automated drafting are common capabilities of

Accepted Answer

A)  CIM. 
B)  CADD. 
C)  CAM. 
D)  MRP II. 
A)  CIM. 
B)  CADD. 
C)  CAM. 
D)  MRP II.

Question 8

RFID tagging is more popular than bar coding in inventory management systems because they are cheaper and have a lower error rate.

Accepted Answer

A) True 
 B)False

Question 9

Match between columns
                        Premises:  Advanced integration technologies (AIT)
 Bill of materials
 Solids modeling
 Job time cards
 Cost driver
 Vendor-based coding
 Process costing
 EOQ
 Routings
 Inventory status report

Accepted Answer

The Answer of Lists the raw materials that are necessary is...

Question 10

The following production information has been gathered from the records of the New Processes Manufacturing Company:
Product: Alpha Zeta
Units Produced 1,500 7,500
Direct material cost / unit $ 10 $ 22
Direct labor cost / unit 14 28
Direct labor hours / unit 1 2
Production machine setup 3 times 3 times
Engineering changes 1 time 2 times
Additional production information is as follows:
• Total setup costs (a part of total manufacturing overhead)= $21,500
• Total engineering changes (a part of total manufacturing overhead)= $9,500
• Total annual overhead cost = $288,750
• Total annual direct labor hours = 16,500
Required:
A.Calculate the ABC overhead allocation rate using the cost drivers given above.
B.Calculate the total cost per unit for each product using activity-based costing for the overhead allocation.

Accepted Answer

A.$288,750 - $129,000 (setup costs)- $28

Question 11

Which inventory control is the most critical in the production business process?

Accepted Answer

A)  Separation of functions 
B)  Maintaining basic records and documentation 
C)  Periodic physical counts and tests against independent records 
D)  All of these controls are critical to inventory control in the production business process. 
A)  Separation of functions 
B)  Maintaining basic records and documentation 
C)  Periodic physical counts and tests against independent records 
D)  All of these controls are critical to inventory control in the production business process.

Question 12

Sales forecasts are generally unrelated to the amount of a product held in inventory.

Accepted Answer

A) True 
 B)False

Question 13

FMS greatly speeds up time-consuming retooling.

Accepted Answer

A) True 
 B)False

Question 14

Lean production is an inventory system in which parts are stored when there is evidence of a stock out.

Accepted Answer

A) True 
 B)False

Question 15

In contrast to a(n)________ environment,there is no advance scheduling in a(n)________ environment.

Accepted Answer

batch; JIT
batch; ju

Question 16

The employee who is responsible for the custody of investments should

Accepted Answer

A)  authorize the purchase of additional investments. 
B)  maintain the investment register. 
C)  open the safety deposit or depository area only when a second employee is present. 
D)  conduct periodic physical inventories comparing the investment register to the investments on hand. 
A)  authorize the purchase of additional investments. 
B)  maintain the investment register. 
C)  open the safety deposit or depository area only when a second employee is present. 
D)  conduct periodic physical inventories comparing the investment register to the investments on hand.

Question 17

In a production planning system,the production status file is an input to which of the following?

Accepted Answer

A)  Production scheduling program 
B)  Inventory update program 
C)  Report generator program 
D)  Production planning system 
A)  Production scheduling program 
B)  Inventory update program 
C)  Report generator program 
D)  Production planning system

Question 18

Match between columns
                        Premises:  Completed production order file
 Master operations file
 Production data file
 Inventory file
 Routings (RTGs) file
 Resource usage file
 Master production plan file
 Bill of materials file
 Production status file
 Production loading file

Accepted Answer

The Answer of Contains information about the work center, length is...

Question 19

An important internal control function is the reconciliation of time cards to production labor reports.

Accepted Answer

A) True 
 B)False

Question 20

________ ________ scanners require a direct line of sight in order to function.

Accepted Answer

The answer of ________ ________ scanners require a direct line...

As a manufacturer moves from a batch to at JIT continuous flow manufacturing environment,more emphasis may be placed on an MRP II system.

The document which specifies detailed labor operations,their sequencing,and their related machine requirements is

Describe RFID including the benefits and drawbacks of this technology.Also compare this technology to that of bar codes.

Discuss the financial benefits of just-in-time production systems.

Which of the following is the best internal control over fixed assets?

The "heart" of the MRP II system is the MRP system.

Solids modeling,finite-elements analysis,and automated drafting are common capabilities of

RFID tagging is more popular than bar coding in inventory management systems because they are cheaper and have a lower error rate.

Which inventory control is the most critical in the production business process?

Sales forecasts are generally unrelated to the amount of a product held in inventory.

FMS greatly speeds up time-consuming retooling.

Lean production is an inventory system in which parts are stored when there is evidence of a stock out.

In contrast to a(n) environment,there is no advance scheduling in a(n) environment.

The employee who is responsible for the custody of investments should

In a production planning system,the production status file is an input to which of the following?

An important internal control function is the reconciliation of time cards to production labor reports.

scanners require a direct line of sight in order to function.

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

As a manufacturer moves from a batch to at JIT continuous flow manufacturing environment,more emphasis may be placed on an MRP II system.

The document which specifies detailed labor operations,their sequencing,and their related machine requirements is

Describe RFID including the benefits and drawbacks of this technology.Also compare this technology to that of bar codes.

Discuss the financial benefits of just-in-time production systems.

Which of the following is the best internal control over fixed assets?

The "heart" of the MRP II system is the MRP system.

Solids modeling,finite-elements analysis,and automated drafting are common capabilities of

RFID tagging is more popular than bar coding in inventory management systems because they are cheaper and have a lower error rate.

Which inventory control is the most critical in the production business process?

Sales forecasts are generally unrelated to the amount of a product held in inventory.

FMS greatly speeds up time-consuming retooling.

Lean production is an inventory system in which parts are stored when there is evidence of a stock out.

In contrast to a(n)________ environment,there is no advance scheduling in a(n)________ environment.

The employee who is responsible for the custody of investments should

In a production planning system,the production status file is an input to which of the following?

An important internal control function is the reconciliation of time cards to production labor reports.

________ ________ scanners require a direct line of sight in order to function.

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

In contrast to a(n) environment,there is no advance scheduling in a(n) environment.

scanners require a direct line of sight in order to function.