Question 1

Which of the following is an example of a non-value-added manufacturing activity?

Accepted Answer

A)  assembly 
B)  scheduling 
C)  finishing 
D)  All of these are value-added activities. 
A)  assembly 
B)  scheduling 
C)  finishing 
D)  All of these are value-added activities.

Question 2

Processes are

Accepted Answer

A)  tasks that must be completed to do work. 
B)  outcomes of activities. 
C)  activities linked to perform a specific objective. 
D)  the linked set of value-creating activities from disposal of materials to disposal of the finished product by end consumers. 
A)  tasks that must be completed to do work. 
B)  outcomes of activities. 
C)  activities linked to perform a specific objective. 
D)  the linked set of value-creating activities from disposal of materials to disposal of the finished product by end consumers.

Question 3

The responsibility accounting system developed for operations in a continuous improvement environment would be

Accepted Answer

A)  financial-based responsibility accounting. 
B)  functional-based responsibility accounting. 
C)  activity-based responsibility accounting. 
D)  strategy-based responsibility accounting. 
A)  financial-based responsibility accounting. 
B)  functional-based responsibility accounting. 
C)  activity-based responsibility accounting. 
D)  strategy-based responsibility accounting.

Question 4

Setup time for a product is 12 hours. A firm that uses JIT and produces the same product has reduced setup time to 1 hour. Setup labor is $6 per hour. The value-added costs are

Accepted Answer

A)  $72. 
B)  $66. 
C)  $12. 
D)  $6. 
A)  $72. 
B)  $66. 
C)  $12. 
D)  $6.

Question 5

The successful implementation of activity-based management relies on support from higher __________ .

Accepted Answer

The answer of The successful implementation of activity-based management relies...

Question 6

Hogwarts Company has developed ideal standards for four activities: labor, materials, inspection, and receiving. Information is as follows:
  The value-added costs for materials are

Accepted Answer

A)  $440,000. 
B)  $460,000. 
C)  $40,000. 
D)  $20,000. 
A)  $440,000. 
B)  $460,000. 
C)  $40,000. 
D)  $20,000.

Which of the following is an example of a non-value-added manufacturing activity?

Processes are

The responsibility accounting system developed for operations in a continuous improvement environment would be

Setup time for a product is 12 hours. A firm that uses JIT and produces the same product has reduced setup time to 1 hour. Setup labor is $6 per hour. The value-added costs are

The successful implementation of activity-based management relies on support from higher __________ .

Hogwarts Company has developed ideal standards for four activities: labor, materials, inspection, and receiving. Information is as follows: The value-added costs for materials are

Introduction to Cost Management

Basic Cost Management Concepts

Cost Behavior

Activity-Based Costing

Product and Service Costing: Job-Order System

Process Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control Key

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility Accounting, Performance Evaluation, and Transfer Pricing

Strategic Cost Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

Lean Accounting and Productivity Measurement

Cost-Volume-Profit Analysis

Activity Resource Usage Model and Tactical Decision Making

Pricing and Profitability Analysis

Capital Investment

Inventory Management: Economic Order Quantity, Jit, and the Theory of Constraints

Filters

Exam 12: Activity-Based Management

Which of the following is an example of a non-value-added manufacturing activity?

Processes are

The responsibility accounting system developed for operations in a continuous improvement environment would be

Setup time for a product is 12 hours. A firm that uses JIT and produces the same product has reduced setup time to 1 hour. Setup labor is $6 per hour. The value-added costs are

The successful implementation of activity-based management relies on support from higher __________ .

Hogwarts Company has developed ideal standards for four activities: labor, materials, inspection, and receiving. Information is as follows: The value-added costs for materials are

Introduction to Cost Management

Basic Cost Management Concepts

Cost Behavior

Activity-Based Costing

Product and Service Costing: Job-Order System

Process Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control Key

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility Accounting, Performance Evaluation, and Transfer Pricing

Strategic Cost Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

Lean Accounting and Productivity Measurement

Cost-Volume-Profit Analysis

Activity Resource Usage Model and Tactical Decision Making

Pricing and Profitability Analysis

Capital Investment

Inventory Management: Economic Order Quantity, Jit, and the Theory of Constraints

Filters