Exam 11: Conversion Processes

Resources like ________ and ________ are combined and converted into a product that can be purchased and used.

What is one of the key tables that store data needed in the manufacturing conversion process?

A digital factory that is connected, networked, and fully integrated creates opportunities to minimize costs of downtime and underperformance in production and to enable the best output from factory assets and employees. What is an advantage that companies see by using digital manufacturing?

Overall equipment effectiveness (OEE) is a key performance indicator that measures how well production resources are used by identifying the percentage of productive manufacturing time. An OEE of 100% means that all products produced are acceptable (100% quality), produced at the fastest speeds (100% performance), and ________. Management uses OEE to identify process and performance improvement potential.

Which control activity listed below is a quality management control activity?

RAM Manufacturing LLC is a rapidly growing manufacturer of parts for the automotive industry. RAM Manufacturing is launching a new disc brake product. Maeve, a newly hired cost accountant, has been asked to assign a number of costs incurred in manufacturing the disc brakes to the appropriate cost category. To what product cost category would the steel used in the disc rotor in the new disc brakes be assigned to?

RAM Manufacturing LLC is a rapidly growing manufacturer of parts for the automotive industry. RAM Manufacturing is launching a new disc brake product. Maeve, a newly hired cost accountant, has been asked to assign a number of costs incurred in manufacturing the disc brakes to the appropriate cost category. To what product cost category would the grease used to keep the shop-floor machines working properly be assigned?

The manufacturing conversion and supply chain management processes involve 11 ERP features from the Financial, Production, and Supply Chain Management modules. Which of the following modules is part of the manufacturing conversion and supply chain management processes?

Production reports range from source documents to key metrics. Which is the best description of production volume by machinery?

Choose from the following selections the best definition of the Production Planning process.

For accounting purposes, the insurance on the manufacturing facility would be classified as what?

A digital factory that is connected, networked, and fully integrated creates opportunities to minimize costs of downtime and underperformance in production and to enable the best output from factory assets and employees. What is an advantage that companies see by using digital manufacturing?

The cost accounting function determines product costs, costs of goods sold, and inventory values for financial reporting purposes and management reporting. What is a sample control activity that could be used to control for inadequate product cost recording that may result in error, fraud, or financial losses?

Choose from the following selections the best definition of a production plan.

Overall equipment effectiveness (OEE) is a key performance indicator that measures how well production resources are used by identifying the percentage of productive manufacturing time. An OEE of 100% means that ________, produced at the fastest speeds (100% performance), and manufactured without interruptions in production (100% availability). Management uses OEE to identify process and performance improvements potential.

What are the source document output(s) of the Quality Management process?

What are the source document output(s) of the Production Planning process?

The cost accounting function determines product costs, costs of goods sold, and inventory values for financial reporting purposes and management reporting. What is a sample control activity that could be used to control for a poorly designed cost accounting system which may result in misallocation of costs to products?

A digital factory that is connected, networked, and fully integrated creates opportunities to minimize costs of downtime and underperformance in production and to enable the best output from factory assets and employees. What is a challenge that companies face when using digital manufacturing?

What are the source document output(s) of the Production Scheduling process?