Question 1

______________________________ is the process of comparing actual information about input costs and usage to standards.

Accepted Answer

Variance analysis

Question 2

The process of exploding the BOM results in a(n) ___________________________________ requirements schedule.

Accepted Answer

time-phased order

Question 3

Which of the following components is not part of a flexible manufacturing system (FMS):

Accepted Answer

A) manufacturing resource planning (MRP) 
B) computer aided manufacturing (CAM) 
C) automated storage and retrieval systems(AS/RS) 
D) automated guided vehicle systems (AGVS) 
A) manufacturing resource planning (MRP) 
B) computer aided manufacturing (CAM) 
C) automated storage and retrieval systems(AS/RS) 
D) automated guided vehicle systems (AGVS) A

Question 4

Trends in cost management/cost accounting include all of the following except:

Accepted Answer

A) reductions in the administrative costs of gathering data 
B) a trend toward job order cost systems and away from process cost systems 
C) adding a fourth cost category called direct technology 
D) reduction in the direct labor cost component 
A) reductions in the administrative costs of gathering data 
B) a trend toward job order cost systems and away from process cost systems 
C) adding a fourth cost category called direct technology 
D) reduction in the direct labor cost component

Question 5

The _________________________ system is concerned with the flow of costs through the factory.

Accepted Answer

The answer of The _________________________ system is concerned with the...

Question 6

A step master shows the necessary steps and the time to complete each operation to produce a product.

Accepted Answer

A) True 
 B)False

Question 7

The process of exploding the BOM involves extending a BOM to determine the total of each component required to manufacture a given quantity of an upper-level assembly or subassembly

Accepted Answer

A) True 
 B)False

Question 8

____________________ systems facilitate the integration of all aspects of product design, manufacturing and marketing.

Accepted Answer

The answer of ____________________ systems facilitate the integration of all...

Question 9

The AICPA's Practice Alert No.94-2: Auditing Inventories-Physical Observations describes several circumstances that constitute inventory fraud.Which of the following is not an example of inventory fraud?

Accepted Answer

A) including items in inventory when the corresponding payable has not been recorded 
B) adjusting inventory to lower-of-cost-or-market 
C) increasing counts for items that auditors did not test count 
D) counting obsolete inventory as salable or usable 
A) including items in inventory when the corresponding payable has not been recorded 
B) adjusting inventory to lower-of-cost-or-market 
C) increasing counts for items that auditors did not test count 
D) counting obsolete inventory as salable or usable

Question 10

The ______________________________ specifies the operations necessary to complete a subassembly or finished good and the sequence of these operations.

Accepted Answer

The answer of The ______________________________ specifies the operations necessary to...

Question 11

Activity-based-costing (ABC) systems are generally prevalent in companies seeking to increase ____ and ____.

Accepted Answer

A) cost accuracy and usefulness 
B) cost accumulation and cost assignment 
C) cost allocation and cost containment 
D) product costing and cost allocation 
A) cost accuracy and usefulness 
B) cost accumulation and cost assignment 
C) cost allocation and cost containment 
D) product costing and cost allocation

Question 12

Which of the following inventory frauds is not identified by Practice Alert No.94-2: Auditing Inventories--Physical Observations.

Accepted Answer

A) double-counting inventory 
B) counting obsolete inventory 
C) including inventory for which the corresponding payable has not been recorded 
D) employee theft of inventory item having high sales volume 
A) double-counting inventory 
B) counting obsolete inventory 
C) including inventory for which the corresponding payable has not been recorded 
D) employee theft of inventory item having high sales volume

Question 13

A process costing system attempts to assign costs to products based on the amount of service operations, such as purchase order preparation, material handling, storage time, wait time, and other nonvalue-added processes, that the products consume.

Accepted Answer

A) True 
 B)False

Question 14

Supply chain management software provides available to promise planning and capable to promise planning.

Accepted Answer

A) True 
 B)False

Question 15

Lifecycle costs are the sum of costs to design, produce, market, deliver, and support a product from conception to ultimate discontinuance.

Accepted Answer

A) True 
 B)False

Question 16

A(n) ______________________________ contains the standard material quantities that are required to produce one unit of end product.

Accepted Answer

bill of ma

Question 17

The shop floor control process is devoted to monitoring and recording the status of manufacturing orders as they proceed through the factory.

Accepted Answer

A) True 
 B)False

Question 18

The _________________________ process is devoted to monitoring and recording the status of manufacturing orders as they proceed through the factory.

Accepted Answer

Shop floor

Question 19

_________________________ are the sum of costs to design, produce, market, deliver, and support a product from conception to ultimate discontinuance.

Accepted Answer

The answer of _________________________ are the sum of costs to...

Question 20

The financial accounting system is concerned with the flow of costs through the factory.

Accepted Answer

A) True 
 B)False

______________________________ is the process of comparing actual information about input costs and usage to standards.

The process of exploding the BOM results in a(n) ___________________________________ requirements schedule.

Which of the following components is not part of a flexible manufacturing system (FMS):

Trends in cost management/cost accounting include all of the following except:

The _________________________ system is concerned with the flow of costs through the factory.

A step master shows the necessary steps and the time to complete each operation to produce a product.

The process of exploding the BOM involves extending a BOM to determine the total of each component required to manufacture a given quantity of an upper-level assembly or subassembly

____________________ systems facilitate the integration of all aspects of product design, manufacturing and marketing.

The AICPA's Practice Alert No.94-2: Auditing Inventories-Physical Observations describes several circumstances that constitute inventory fraud.Which of the following is not an example of inventory fraud?

The ______________________________ specifies the operations necessary to complete a subassembly or finished good and the sequence of these operations.

Activity-based-costing (ABC) systems are generally prevalent in companies seeking to increase and .

Which of the following inventory frauds is not identified by Practice Alert No.94-2: Auditing Inventories--Physical Observations.

A process costing system attempts to assign costs to products based on the amount of service operations, such as purchase order preparation, material handling, storage time, wait time, and other nonvalue-added processes, that the products consume.

Supply chain management software provides available to promise planning and capable to promise planning.

Lifecycle costs are the sum of costs to design, produce, market, deliver, and support a product from conception to ultimate discontinuance.

A(n) ______________________________ contains the standard material quantities that are required to produce one unit of end product.

The shop floor control process is devoted to monitoring and recording the status of manufacturing orders as they proceed through the factory.

The _________________________ process is devoted to monitoring and recording the status of manufacturing orders as they proceed through the factory.

_________________________ are the sum of costs to design, produce, market, deliver, and support a product from conception to ultimate discontinuance.

The financial accounting system is concerned with the flow of costs through the factory.

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and Sql

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivable Cash Receipts Barcr Process

The Purchasing Process

Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

General Ledger and Business Reporting Glbr Process

Acquiring and Implementing Accounting Information Systems

Filters

Exam 15: Integrated Production Processes IPP

______________________________ is the process of comparing actual information about input costs and usage to standards.

The process of exploding the BOM results in a(n) ___________________________________ requirements schedule.

Which of the following components is not part of a flexible manufacturing system (FMS):

Trends in cost management/cost accounting include all of the following except:

The _________________________ system is concerned with the flow of costs through the factory.

A step master shows the necessary steps and the time to complete each operation to produce a product.

The process of exploding the BOM involves extending a BOM to determine the total of each component required to manufacture a given quantity of an upper-level assembly or subassembly

____________________ systems facilitate the integration of all aspects of product design, manufacturing and marketing.

The AICPA's Practice Alert No.94-2: Auditing Inventories-Physical Observations describes several circumstances that constitute inventory fraud.Which of the following is not an example of inventory fraud?

The ______________________________ specifies the operations necessary to complete a subassembly or finished good and the sequence of these operations.

Activity-based-costing (ABC) systems are generally prevalent in companies seeking to increase ____ and ____.

Which of the following inventory frauds is not identified by Practice Alert No.94-2: Auditing Inventories--Physical Observations.

A process costing system attempts to assign costs to products based on the amount of service operations, such as purchase order preparation, material handling, storage time, wait time, and other nonvalue-added processes, that the products consume.

Supply chain management software provides available to promise planning and capable to promise planning.

Lifecycle costs are the sum of costs to design, produce, market, deliver, and support a product from conception to ultimate discontinuance.

A(n) ______________________________ contains the standard material quantities that are required to produce one unit of end product.

The shop floor control process is devoted to monitoring and recording the status of manufacturing orders as they proceed through the factory.

The _________________________ process is devoted to monitoring and recording the status of manufacturing orders as they proceed through the factory.

_________________________ are the sum of costs to design, produce, market, deliver, and support a product from conception to ultimate discontinuance.

The financial accounting system is concerned with the flow of costs through the factory.

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and Sql

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivable Cash Receipts Barcr Process

The Purchasing Process

Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

General Ledger and Business Reporting Glbr Process

Acquiring and Implementing Accounting Information Systems

Filters

Activity-based-costing (ABC) systems are generally prevalent in companies seeking to increase and .