Exam 12: The Production Cycle

A master production schedule is used to

The first step in the production cycle is product design.There are several objectives connected with this step.Which objective below is not a product design objective?

The list which specifies the labor and machine requirements needed to manufacture a product is called the

The operations list shows

Folding Squid Technologies initiated a just-in-time inventory system in 2007.Now the production manager,Chan Ziaou,wants to apply the same principles to the entire production process.His recommendation is the firm adopt a

What is CIM?

Discuss two measures that can address the threats of inefficiencies and quality controls problems.

Quality control problems and inefficiencies in production operations will most likely result in increased expenses.The AIS can produce a measure of throughput to quantify and measure the number of "good" units produced in a time period.What does the first term in the throughput formula,productive capacity,represent?

Define the following: production order,materials requisition,and move ticket.

__________ links costs to the corporation's strategy for production of goods and services.

Clint Smith operates a machine shop in Burbank,California.He places bids on small lot production projects submitted by firms throughout the Los Angeles area.Which of the following is most likely to be a cost driver for the allocation of utility costs?

The form in the production cycle that specifies how much of each product is to be produced during the planning period and when product should begin is the

__________ represent testing to identify defective units before they are ready for sale.

An integral part of the production process is the use of raw materials.One way to enable an AIS to efficiently track and process information about raw materials used in production is to implement __________.

Information found on the materials requisition form is based in part on information obtained from which other form?

There are various costs associated with quality control,or its absence in a production operation.Such information can help a company determine the effects of actions taken to improve production and identify areas of improvement.The cost of a product liability claim can be classified as a(n)

Which of the following is not a type of cost accounting system?

There are several criticisms of traditional cost accounting systems.One criticism is that the traditional cost system uses a volume-driven base,such as direct labor or machine hours,to apply overhead to products.What is the drawback to the use of such a measurement in a traditional cost accounting system?

Wee Bee Trucking determines the cost per delivery by identifying variables as cost drivers and allocating overhead accordingly.This is an example of _______ costing.

The best control procedure for accurate data entry is