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.

Question 2

What document authorizes the manufacturing of a product?

Accepted Answer

A) master production schedule 
B) materials requisition 
C) move ticket 
D) production order 
A) master production schedule 
B) materials requisition 
C) move ticket 
D) production order

Question 3

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 4

What may be perceived as a drawback of using an activity-based costing (ABC)system?

Accepted Answer

A) The ABC system may provide more accurate data results. 
B) The ABC system may help to establish a better product mix. 
C) The ABC system may improve management's ability to control total costs. 
D) The ABC may cost more to run and be more complex in nature. 
A) The ABC system may provide more accurate data results. 
B) The ABC system may help to establish a better product mix. 
C) The ABC system may improve management's ability to control total costs. 
D) The ABC may cost more to run and be more complex in nature.

Question 5

Manufacturing overhead consists of all manufacturing costs that are not economically feasible to trace directly to specific jobs or processes.Which of the costs below would not be considered an overhead cost?

Accepted Answer

A) utilities 
B) rent 
C) earnings of factory production employees 
D) salaries of factory production supervisors 
A) utilities 
B) rent 
C) earnings of factory production employees 
D) salaries of factory production supervisors

Question 6

Identify and discuss the two documents that are the result of product design activities.

Accepted Answer

The two documents that are the result of

Question 7

The AIS compiles and feeds information among the business cycles.What is the relationship between the revenue and production cycles regarding the exchange of information?

Accepted Answer

A) The revenue cycle provides sales forecast and customer order information to the production cycle,but the production cycle sends information back to revenue about finished goods production. 
B) The revenue cycle receives information from the production cycle about raw materials needs. 
C) The production cycle sends cost of goods manufactured information back to the revenue cycle. 
D) The production cycle does not exchange information with the revenue cycle. 
A) The revenue cycle provides sales forecast and customer order information to the production cycle,but the production cycle sends information back to revenue about finished goods production. 
B) The revenue cycle receives information from the production cycle about raw materials needs. 
C) The production cycle sends cost of goods manufactured information back to the revenue cycle. 
D) The production cycle does not exchange information with the revenue cycle.

Question 8

Discuss the criticisms of traditional cost accounting methods.

Accepted Answer

There can be an inappropriate allocation

Question 9

To curtail 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 timelier 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 timelier reporting 
C) better production and planning systems 
D) document all movement of inventory through the production process

Question 10

An AIS should be designed to provide timely and accurate information about production cycle activities that impact the other business cycles.One type of information deals with planning and controlling manufacturing costs and evaluating performance.This type of information is called

Accepted Answer

A) product mix. 
B) product pricing. 
C) resource allocation. 
D) cost management. 
A) product mix. 
B) product pricing. 
C) resource allocation. 
D) cost management.

Question 11

The final step in the production cycle is the cost accounting function.There are several principal objectives of the cost accounting system.Which objective listed below is not a principal cost accounting objective?

Accepted Answer

A) to provide information for planning,controlling,and evaluating the performance of production operations 
B) to provide cost data about products used in pricing and product mix decisions 
C) to collect and process the information used to calculate inventory and cost of goods sold amounts that appear in the financial statements 
D) to provide tests of audit control functions as part of the AIS 
A) to provide information for planning,controlling,and evaluating the performance of production operations 
B) to provide cost data about products used in pricing and product mix decisions 
C) to collect and process the information used to calculate inventory and cost of goods sold amounts that appear in the financial statements 
D) to provide tests of audit control functions as part of the AIS

Question 12

Direct labor must be tracked and accounted for as part of the production process.Traditionally,direct labor was tracked using __________ but an AIS enhancement is to use __________ to record and track direct labor costs.

Accepted Answer

A) job-time tickets; coded identification cards 
B) move tickets; coded identification cards 
C) employee earnings records; job-time tickets 
D) time cards; electronic time entry terminals 
A) job-time tickets; coded identification cards 
B) move tickets; coded identification cards 
C) employee earnings records; job-time tickets 
D) time cards; electronic time entry terminals

Question 13

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

Accepted Answer

There are four types of cost data accumu

Question 14

In addition to identifying and dealing with defective products before they reach customers,quality management is concerned with initiating process changes that will reduce the number of defective units produced.All other things held constant,a decrease in the number of defective units 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 15

Wee Bee Trucking determines the cost per delivery by averaging total cost over number of deliveries.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 16

What is a master production schedule (MPS)?

Accepted Answer

A master production schedule (MPS)specif

Question 17

The type of cost accounting system that primarily assigns costs to specific batches,or jobs,and is used where production items can be discretely identified is known as __________ cost accounting.

Accepted Answer

A) just-in-time 
B) process 
C) job-order 
D) manufacturing resources 
A) just-in-time 
B) process 
C) job-order 
D) manufacturing resources

Question 18

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 19

The second step in the production cycle is planning and scheduling.One of the methods of production planning is referred to as push manufacturing.This method is also known as

Accepted Answer

A) manufacturing resource planning (MRP). 
B) just-in-time manufacturing system (JIT). 
C) the economic order quantity (EOQ)system. 
D) ahead-of-time production implementation (ATPI). 
A) manufacturing resource planning (MRP). 
B) just-in-time manufacturing system (JIT). 
C) the economic order quantity (EOQ)system. 
D) ahead-of-time production implementation (ATPI).

Question 20

The production planning department develops the master production schedule based on information from several sources.What information is necessary to create this 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

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

What document authorizes the manufacturing of a product?

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

What may be perceived as a drawback of using an activity-based costing (ABC)system?

Manufacturing overhead consists of all manufacturing costs that are not economically feasible to trace directly to specific jobs or processes.Which of the costs below would not be considered an overhead cost?

Identify and discuss the two documents that are the result of product design activities.

The AIS compiles and feeds information among the business cycles.What is the relationship between the revenue and production cycles regarding the exchange of information?

Discuss the criticisms of traditional cost accounting methods.

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

An AIS should be designed to provide timely and accurate information about production cycle activities that impact the other business cycles.One type of information deals with planning and controlling manufacturing costs and evaluating performance.This type of information is called

The final step in the production cycle is the cost accounting function.There are several principal objectives of the cost accounting system.Which objective listed below is not a principal cost accounting objective?

Direct labor must be tracked and accounted for as part of the production process.Traditionally,direct labor was tracked using but an AIS enhancement is to use to record and track direct labor costs.

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

Wee Bee Trucking determines the cost per delivery by averaging total cost over number of deliveries.This is an example of _______ costing.

What is a master production schedule (MPS)?

The type of cost accounting system that primarily assigns costs to specific batches,or jobs,and is used where production items can be discretely identified is known as __________ cost accounting.

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

The second step in the production cycle is planning and scheduling.One of the methods of production planning is referred to as push manufacturing.This method is also known as

The production planning department develops the master production schedule based on information from several sources.What information is necessary to create this schedule?

Accounting Information Systems

Overview of Business Processes

Systems Development and Documentation Techniques

Relational Databases

Computer Fraud and Security

Control and Accounting Information Systems

Infromation System Controls for Systems Reliability

Auditing Computer-Based Information Systems

Auditing Computer-Based Informtion Systems

The Revenue Cycle: Sales an Cash Collections

The Expenditure Cycle: Purchasing and Cash Disbursements

The Human Resources Managementpayroll Cycle

General Ledger and Reporting System

Data Modeling and Database Design

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

Filters

Exam 12: The Production Cycle

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

What document authorizes the manufacturing of a product?

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

What may be perceived as a drawback of using an activity-based costing (ABC)system?

Manufacturing overhead consists of all manufacturing costs that are not economically feasible to trace directly to specific jobs or processes.Which of the costs below would not be considered an overhead cost?

Identify and discuss the two documents that are the result of product design activities.

The AIS compiles and feeds information among the business cycles.What is the relationship between the revenue and production cycles regarding the exchange of information?

Discuss the criticisms of traditional cost accounting methods.

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

An AIS should be designed to provide timely and accurate information about production cycle activities that impact the other business cycles.One type of information deals with planning and controlling manufacturing costs and evaluating performance.This type of information is called

The final step in the production cycle is the cost accounting function.There are several principal objectives of the cost accounting system.Which objective listed below is not a principal cost accounting objective?

Direct labor must be tracked and accounted for as part of the production process.Traditionally,direct labor was tracked using __________ but an AIS enhancement is to use __________ to record and track direct labor costs.

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

Wee Bee Trucking determines the cost per delivery by averaging total cost over number of deliveries.This is an example of _______ costing.

What is a master production schedule (MPS)?

The type of cost accounting system that primarily assigns costs to specific batches,or jobs,and is used where production items can be discretely identified is known as __________ cost accounting.

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

The second step in the production cycle is planning and scheduling.One of the methods of production planning is referred to as push manufacturing.This method is also known as

The production planning department develops the master production schedule based on information from several sources.What information is necessary to create this schedule?

Accounting Information Systems

Overview of Business Processes

Systems Development and Documentation Techniques

Relational Databases

Computer Fraud and Security

Control and Accounting Information Systems

Infromation System Controls for Systems Reliability

Auditing Computer-Based Information Systems

Auditing Computer-Based Informtion Systems

The Revenue Cycle: Sales an Cash Collections

The Expenditure Cycle: Purchasing and Cash Disbursements

The Human Resources Managementpayroll Cycle

General Ledger and Reporting System

Data Modeling and Database Design

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

Filters

Direct labor must be tracked and accounted for as part of the production process.Traditionally,direct labor was tracked using but an AIS enhancement is to use to record and track direct labor costs.