Question 1

Which of the following represents the correct formula for calculating cycle time for a manufacturer?

Accepted Answer

A) Process time + inspection time - move time - wait time. 
B) Process time - inspection time + move time + wait time. 
C) Process time + inspection time + move time + wait time. 
D) Process time - inspection time - move time - wait time. 
E) Process time + inspection time + move time - wait time. 
A) Process time + inspection time - move time - wait time. 
B) Process time - inspection time + move time + wait time. 
C) Process time + inspection time + move time + wait time. 
D) Process time - inspection time - move time - wait time. 
E) Process time + inspection time + move time - wait time.

Question 2

Division X makes a part that it sells to customers outside of the company.Data concerning this part appear below:   Division Y of the same company would like to use the part manufactured by Division X in one of its products.Division Y currently purchases a similar part made by an outside company for $49 per unit and would substitute the part made by Division X.Division Y requires 5,000 units of the part each period.Division X has ample excess capacity to handle all of Division Y's needs without any increase in fixed costs and without cutting into outside sales.According to the formula in the text,what is the lowest acceptable transfer price from the standpoint of the selling division?

Accepted Answer

A) $50 
B) $49 
C) $46 
D) $30 
E) $20 
A) $50 
B) $49 
C) $46 
D) $30 
E) $20

Which of the following represents the correct formula for calculating cycle time for a manufacturer?

Accounting in Business

Analyzing and Recording Transactions

Adjusting Accounts and Preparing Financial Statements

Completing the Accounting Cycle

Accounting for Merchandising Operations

Inventories and Cost of Sales

Accounting Information Systems

Cash and Internal Controls

Accounting for Receivables

Plant Assets, Natural Resources, and Intangibles

Current Liabilities and Payroll Accounting

Accounting for Partnerships

Accounting for Corporations

Long-Term Liabilities

Investments and International Operations

Reporting the Statement of Cash Flows

Analysis of Financial Statements

Managerial Accounting Concepts and Principles

Job Order Cost Accounting

Process Cost Accounting

Cost-Volume-Profit Analysis

Master Budgets and Planning

Flexible Budgets and Standard Costs

Capital Budgeting and Managerial Decisions

Appendix B: Time Value of Money

Appendix C: Activity-Based Costing

Filters

Exam 24: Performance Measurement and Responsibility Accounting

Which of the following represents the correct formula for calculating cycle time for a manufacturer?

Accounting in Business

Analyzing and Recording Transactions

Adjusting Accounts and Preparing Financial Statements

Completing the Accounting Cycle

Accounting for Merchandising Operations

Inventories and Cost of Sales

Accounting Information Systems

Cash and Internal Controls

Accounting for Receivables

Plant Assets, Natural Resources, and Intangibles

Current Liabilities and Payroll Accounting

Accounting for Partnerships

Accounting for Corporations

Long-Term Liabilities

Investments and International Operations

Reporting the Statement of Cash Flows

Analysis of Financial Statements

Managerial Accounting Concepts and Principles

Job Order Cost Accounting

Process Cost Accounting

Cost-Volume-Profit Analysis

Master Budgets and Planning

Flexible Budgets and Standard Costs

Capital Budgeting and Managerial Decisions

Appendix B: Time Value of Money

Appendix C: Activity-Based Costing

Filters