Exam 14: The Production Cycle

How many side panels should the company budget for use in week two? Bill of Materials Finished Product: DVD Player Part Nurmber Description Quartity 105 Control Urit 1 125 Back Pariel 1 148 Bide Parel 2 155 Top/Bottom Pariel 2 173 Timer 1 195 Front Parel 1 199 Screw 6 operation list for: creating side list operation number description machine number standerd time(m:s) 105 cut to shape ML15-12 2:00 106 corner cut ML15-9 3:15 124 turn and shape S28-17 4:00 142 finish F54-5 7:10 155 paint P89-1 9:30 $How many side panels should the company budget for use in week two? Bill of Materials \begin{array}{l} \text { Finished Product: DVD Player }\\ \begin{array} { | l | l | l | } \hline \text { Part Nurmber } & \text { Description } & \text { Quartity } \\ \hline 105 & \text { Control Urit } & 1 \\ 125 & \text { Back Pariel } & 1 \\ 148 & \text { Bide Parel } & 2 \\ 155 & \text { Top/Bottom Pariel } & 2 \\ 173 & \text { Timer } & 1 \\ 195 & \text { Front Parel } & 1 \\ 199 & \text { Screw } & 6\\\hline \end{array} \end{array} \begin{array}{l} \text {operation list for: creating side list }\\ \begin{array} { |l | l |l |l | } \hline\text { operation number}&\text { description}&\text { machine number}&\text { standerd time(m:s)}\\ 105&\text{cut to shape}&ML 15-12&2:00\\ 106&\text{corner cut}&ML 15-9&3:15\\ 124&\text{turn and shape}&S28-17&4:00\\ 142&\text{finish}&F54-5&7:10\\ 155&\text{paint}&P89-1&9:30\\\hline \end{array} \end{array}$

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Question 1

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600 (2 per finished unit × 300 units scheduled to be produced)

Identify and discuss the two documents that are the result of product design activities.

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The two documents that are the result of product design activity are the bill of materials and the operations list.The bill of materials specifies the part number,description,and quantity of each component used in a finished product.The operations list specifies the labor and machine requirements needed to manufacture the product.The operations list is sometimes also called a routing sheet,since it indicates how a product moves through the factory.

Which of the following organization controls should be implemented and maintained to counteract the general threat that the loss of production data will greatly slow or halt production activity?

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Question 3

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Sule Technologies installed a new production monitoring system that will reduce system breakdowns by 35%.The new system will increase throughput by

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Question 4

________ are incurred to ensure that products are created without defects the first time.

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Question 5

What issue did Airbus encounter when using CAD software to help design the A380 Superjumbo airliner?

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Question 6

How can PLM software improve the efficiency and effectiveness of the product design process?

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Question 7

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

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Question 8

In addition to identifying and dealing with defective products before they reach customers,quality management is concerned with initiating process changes that will reduce the number of defective units produced.All other things held constant,a decrease in the number of defective units will increase throughput by

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Question 9

Which objective listed below is not a cost accounting objective for the production cycle?

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Question 10

"Pull manufacturing" is also known as

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Question 11

Which of the following is not a benefit of activity-based costing?

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Question 12

How many labor hours should the company budget in week three to produce all side panels needed? Round to the nearest hour,if necessary. Bill of Materials Finished Product: DVD Player Part Nurmber Description Quartity 105 Control Urit 1 125 Back Pariel 1 148 Bide Parel 2 155 Top/Bottom Pariel 2 173 Timer 1 195 Front Parel 1 199 Screw 6 operation list for: creating side list operation number description machine number standerd time(m:s) 105 cut to shape ML15-12 2:00 106 corner cut ML15-9 3:15 124 turn and shape S28-17 4:00 142 finish F54-5 7:10 155 paint P89-1 9:30 $How many labor hours should the company budget in week three to produce all side panels needed? Round to the nearest hour,if necessary. Bill of Materials \begin{array}{l} \text { Finished Product: DVD Player }\\ \begin{array} { | l | l | l | } \hline \text { Part Nurmber } & \text { Description } & \text { Quartity } \\ \hline 105 & \text { Control Urit } & 1 \\ 125 & \text { Back Pariel } & 1 \\ 148 & \text { Bide Parel } & 2 \\ 155 & \text { Top/Bottom Pariel } & 2 \\ 173 & \text { Timer } & 1 \\ 195 & \text { Front Parel } & 1 \\ 199 & \text { Screw } & 6\\\hline \end{array} \end{array} \begin{array}{l} \text {operation list for: creating side list }\\ \begin{array} { |l | l |l |l | } \hline\text { operation number}&\text { description}&\text { machine number}&\text { standerd time(m:s)}\\ 105&\text{cut to shape}&ML 15-12&2:00\\ 106&\text{corner cut}&ML 15-9&3:15\\ 124&\text{turn and shape}&S28-17&4:00\\ 142&\text{finish}&F54-5&7:10\\ 155&\text{paint}&P89-1&9:30\\\hline \end{array} \end{array}$

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Question 13

Grizzly Delivery calculates the cost per delivery by identifying variables as cost drivers,and allocating overhead accordingly.What costing approach does Grizzly Delivery use?

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Question 14

This document appears to be a

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Question 15

The VP of Manufacturing at Roshanak Incorporated wants to buy a new die cast machine for production.The die cast machine is expected to cost around $1,000,000.Which document will most likely be used to solicit bids from suppliers?

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Question 16

How does an MRP inventory system reduces inventory levels?

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Question 17

The operations list shows

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Question 18

Which of the following controls can minimize the threat of over- and underproduction?

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Question 19

Traditionally,what did manufacturing firms use to track the amount of time a worker spends on each specific task?

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Question 20

Showing 1 - 20 of 95

Identify and discuss the two documents that are the result of product design activities.

Which of the following organization controls should be implemented and maintained to counteract the general threat that the loss of production data will greatly slow or halt production activity?

Sule Technologies installed a new production monitoring system that will reduce system breakdowns by 35%.The new system will increase throughput by

________ are incurred to ensure that products are created without defects the first time.

What issue did Airbus encounter when using CAD software to help design the A380 Superjumbo airliner?

How can PLM software improve the efficiency and effectiveness of the product design process?

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

Which objective listed below is not a cost accounting objective for the production cycle?

"Pull manufacturing" is also known as

Which of the following is not a benefit of activity-based costing?

Grizzly Delivery calculates the cost per delivery by identifying variables as cost drivers,and allocating overhead accordingly.What costing approach does Grizzly Delivery use?

This document appears to be a

The VP of Manufacturing at Roshanak Incorporated wants to buy a new die cast machine for production.The die cast machine is expected to cost around $1,000,000.Which document will most likely be used to solicit bids from suppliers?

How does an MRP inventory system reduces inventory levels?

The operations list shows

Which of the following controls can minimize the threat of over- and underproduction?

Traditionally,what did manufacturing firms use to track the amount of time a worker spends on each specific task?

Conceptual Foundations of Accounting Information Systems

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

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

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