Question 1

Which of the following statements about a just-in-time (JIT)purchasing system is false?

Accepted Answer

A) Since there is minimal backup,companies must acquire quality raw materials. 
B) Raw materials are stockpiled to avoid production disruptions. 
C) In comparison with experiences under traditional systems,manufacturers normally deal with a reduced number of suppliers. 
D) Supplier reliability tends to be more important under a JIT system than under a traditional purchasing system. 
E) The average purchase size is smaller with a JIT system than under a traditional purchasing system. 
A) Since there is minimal backup,companies must acquire quality raw materials. 
B) Raw materials are stockpiled to avoid production disruptions. 
C) In comparison with experiences under traditional systems,manufacturers normally deal with a reduced number of suppliers. 
D) Supplier reliability tends to be more important under a JIT system than under a traditional purchasing system. 
E) The average purchase size is smaller with a JIT system than under a traditional purchasing system.

Question 2

What is HiTech's pool rate for the automated machinery activity?

Accepted Answer

A) $24.00 per machine hour. 
B) $24.50 per labor hour. 
C) $49.42 per unit. 
D) $50.00 per machine hour. 
E) A rate other than those listed abovE. 
A) $24.00 per machine hour. 
B) $24.50 per labor hour. 
C) $49.42 per unit. 
D) $50.00 per machine hour. 
E) A rate other than those listed abovE.

Which of the following statements about a just-in-time (JIT)purchasing system is false?

What is HiTech's pool rate for the automated machinery activity?

The Changing Role of Managerial Accounting in a Dynamic Business Environment

Basic Cost Management Concepts and Accounting for Mass Customization Operations

Product Costing and Cost Accumulation in a Batch Production Environment

Process Costing and Hybrid Product-Costing Systems

Activity Analysis,cost Behavior,and Cost Estimation

Appendix I: The Sarbanes-Oxley Act, Internal Controls, and Management Accounting

Cost-Volume-Profit Analysis

Absorption and Variable Costing

Profit Planning and Activity-Based Budgeting

Standard Costing,Operational Performance Measures,and the Balanced Scorecard

Flexible Budgeting and the Management of Overhead and Support Activity Costs

Responsibility Accounting, Quality Control, and Environmental Cost Management

Investment Centers and Transfer Pricing

Decision Making: Relevant Costs and Benefits

Target Costing and Cost Analysis for Pricing Decisions

Capital Expenditure Decisions

Allocation of Support Activity Costs and Joint Costs

compound Interest and the Concept of Present Value

Inventory Management

Filters

Exam 5: Activity-Based Costing and Management

Which of the following statements about a just-in-time (JIT)purchasing system is false?

What is HiTech's pool rate for the automated machinery activity?

The Changing Role of Managerial Accounting in a Dynamic Business Environment

Basic Cost Management Concepts and Accounting for Mass Customization Operations

Product Costing and Cost Accumulation in a Batch Production Environment

Process Costing and Hybrid Product-Costing Systems

Activity Analysis,cost Behavior,and Cost Estimation

Appendix I: The Sarbanes-Oxley Act, Internal Controls, and Management Accounting

Cost-Volume-Profit Analysis

Absorption and Variable Costing

Profit Planning and Activity-Based Budgeting

Standard Costing,Operational Performance Measures,and the Balanced Scorecard

Flexible Budgeting and the Management of Overhead and Support Activity Costs

Responsibility Accounting, Quality Control, and Environmental Cost Management

Investment Centers and Transfer Pricing

Decision Making: Relevant Costs and Benefits

Target Costing and Cost Analysis for Pricing Decisions

Capital Expenditure Decisions

Allocation of Support Activity Costs and Joint Costs

compound Interest and the Concept of Present Value

Inventory Management

Filters