Question 1

The accountant's role in the __________ step of production cycle activities is to understand how CIM affects the AIS.

Accepted Answer

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

Question 2

The expenses associated with quality assurance activities 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 3

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 4

Labor productivity is measured by the average product of labor; i.e.,the quantity produced divided by the labor time required to produce it.All other things held constant,an increase in labor productivity 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 5

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.

Question 6

Whether a company uses an AIS,ERP,or incorporates some degree of CIM into its production process,it still needs to collect data about four basic facets of its production operations.The facet that impacts the company's human resource cycle the most is

Accepted Answer

A) the amount of raw material used in a production order. 
B) the labor hours expended to complete a production order. 
C) the machine operations performed during a production order. 
D) the tracking of manufacturing overhead costs incurred for a production order. 
A) the amount of raw material used in a production order. 
B) the labor hours expended to complete a production order. 
C) the machine operations performed during a production order. 
D) the tracking of manufacturing overhead costs incurred for a production order.

Question 7

The bill of materials shows the __________ of each product component.

Accepted Answer

A) part number and description 
B) quantity used 
C) quantity ordered 
D) both A and B 
A) part number and description 
B) quantity used 
C) quantity ordered 
D) both A and B

Question 8

For replacement of inventories and assets destroyed by fire or other disasters,an organization needs

Accepted Answer

A) stand-by facilities. 
B) adequate insurance coverage. 
C) source data automation. 
D) All of the above are correct. 
A) stand-by facilities. 
B) adequate insurance coverage. 
C) source data automation. 
D) All of the above are correct.

Question 9

MRP-II and JIT manufacturing systems both plan production in advance.What is the main difference between these two systems?

Accepted Answer

A) the length of the planning horizon 
B) JIT uses long-term customer demand for planning purposes 
C) MRP-II relies on EDI 
D) There are no differences between the two systems. 
A) the length of the planning horizon 
B) JIT uses long-term customer demand for planning purposes 
C) MRP-II relies on EDI 
D) There are no differences between the two systems.

Question 10

Inaccurate recording and processing of production activities can diminish the overall effectiveness of production operations.One of the application controls that can help to ensure accounting records are accurate is to restrict the rights of authorized users only to the portion of the database needed to complete job duties.What specific control can help achieve this objective?

Accepted Answer

A) an access control matrix 
B) passwords and user IDs 
C) closed-loop verification 
D) bar-code scanners 
A) an access control matrix 
B) passwords and user IDs 
C) closed-loop verification 
D) bar-code scanners

Question 11

The basic activities in the production cycle are

Accepted Answer

A) product design and production operations. 
B) planning,scheduling,and cost accounting. 
C) raw materials requisitioning,planning,and scheduling. 
D) Both A and B are correct. 
A) product design and production operations. 
B) planning,scheduling,and cost accounting. 
C) raw materials requisitioning,planning,and scheduling. 
D) Both A and B are correct.

Question 12

Job-time tickets are used to

Accepted Answer

A) specify each production task. 
B) collect the time spent by a worker on a specific task. 
C) allocate machine costs. 
D) All of the above are correct. 
A) specify each production task. 
B) collect the time spent by a worker on a specific task. 
C) allocate machine costs. 
D) All of the above are correct.

Question 13

The second step in the production cycle is planning and scheduling.One of the methods of production planning is referred to as pull 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 14

Dolly Salem owns and operates a bakery in Charleston,South Carolina.She maintains a file of recipes that list the ingredients used to make her famous cakes and cookies.These recipes are examples of a(an)

Accepted Answer

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

Question 15

__________ are associated with testing to ensure that products meet quality standards.

Accepted Answer

A) External failure costs 
B) Inspection costs 
C) Internal failure costs 
D) Prevention costs 
A) External failure costs 
B) Inspection costs 
C) Internal failure costs 
D) Prevention costs

Question 16

What is activity-based costing (ABC)? How does it compare with the traditional costing methods? What are the benefits of activity-based costing?

Accepted Answer

Activity-based costing (ABC)traces costs

Question 17

The general threat of the loss of production data can greatly slow or halt production activity within an organization.To counteract such a major threat,which of the following organization controls should be implemented and maintained?

Accepted Answer

A) store key master inventory and production order files on-site only to prevent their theft 
B) back up data files only after a production run has been physically completed 
C) access controls should apply to all terminals within the organization 
D) allow access to inventory records from any terminal within the organization to provide efficient data entry 
A) store key master inventory and production order files on-site only to prevent their theft 
B) back up data files only after a production run has been physically completed 
C) access controls should apply to all terminals within the organization 
D) allow access to inventory records from any terminal within the organization to provide efficient data entry

Question 18

Dolly Salem owns and operates a bakery in Charleston,South Carolina.Each afternoon she prepares a shopping list that describes the number and variety of ingredients that she will purchase in the evening from a local food wholesaler.This list is an example of a(an)

Accepted Answer

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

Question 19

Throughput is a measure of

Accepted Answer

A) production yield. 
B) production effectiveness. 
C) production capacity. 
D) production quality. 
A) production yield. 
B) production effectiveness. 
C) production capacity. 
D) production quality.

Question 20

What role does the AIS play in the production cycle?

Accepted Answer

A company's AIS plays a vital role in th

The accountant's role in the __________ step of production cycle activities is to understand how CIM affects the AIS.

The expenses associated with quality assurance activities are ______ costs.

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

Labor productivity is measured by the average product of labor; i.e.,the quantity produced divided by the labor time required to produce it.All other things held constant,an increase in labor productivity will increase throughput by

The threat of loss of data exposes the company to

Whether a company uses an AIS,ERP,or incorporates some degree of CIM into its production process,it still needs to collect data about four basic facets of its production operations.The facet that impacts the company's human resource cycle the most is

The bill of materials shows the __________ of each product component.

For replacement of inventories and assets destroyed by fire or other disasters,an organization needs

MRP-II and JIT manufacturing systems both plan production in advance.What is the main difference between these two systems?

The basic activities in the production cycle are

Job-time tickets are used to

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

Dolly Salem owns and operates a bakery in Charleston,South Carolina.She maintains a file of recipes that list the ingredients used to make her famous cakes and cookies.These recipes are examples of a(an)

__________ are associated with testing to ensure that products meet quality standards.

What is activity-based costing (ABC)? How does it compare with the traditional costing methods? What are the benefits of activity-based costing?

The general threat of the loss of production data can greatly slow or halt production activity within an organization.To counteract such a major threat,which of the following organization controls should be implemented and maintained?

Dolly Salem owns and operates a bakery in Charleston,South Carolina.Each afternoon she prepares a shopping list that describes the number and variety of ingredients that she will purchase in the evening from a local food wholesaler.This list is an example of a(an)

Throughput is a measure of

What role does the AIS play in the production cycle?

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 accountant's role in the __________ step of production cycle activities is to understand how CIM affects the AIS.

The expenses associated with quality assurance activities are ______ costs.

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

Labor productivity is measured by the average product of labor; i.e.,the quantity produced divided by the labor time required to produce it.All other things held constant,an increase in labor productivity will increase throughput by

The threat of loss of data exposes the company to

Whether a company uses an AIS,ERP,or incorporates some degree of CIM into its production process,it still needs to collect data about four basic facets of its production operations.The facet that impacts the company's human resource cycle the most is

The bill of materials shows the __________ of each product component.

For replacement of inventories and assets destroyed by fire or other disasters,an organization needs

MRP-II and JIT manufacturing systems both plan production in advance.What is the main difference between these two systems?

The basic activities in the production cycle are

Job-time tickets are used to

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

Dolly Salem owns and operates a bakery in Charleston,South Carolina.She maintains a file of recipes that list the ingredients used to make her famous cakes and cookies.These recipes are examples of a(an)

__________ are associated with testing to ensure that products meet quality standards.

What is activity-based costing (ABC)? How does it compare with the traditional costing methods? What are the benefits of activity-based costing?

The general threat of the loss of production data can greatly slow or halt production activity within an organization.To counteract such a major threat,which of the following organization controls should be implemented and maintained?

Dolly Salem owns and operates a bakery in Charleston,South Carolina.Each afternoon she prepares a shopping list that describes the number and variety of ingredients that she will purchase in the evening from a local food wholesaler.This list is an example of a(an)

Throughput is a measure of

What role does the AIS play in the production cycle?

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