Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - What is the TA ratio for product C

A) £0.625 B) £0.917 C) £1.250 D) £0.708 A) £0.625 B) £0.917 C) £1.250 D) £0.708 B

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - Life cycle costing is a management accounting technique with the following important supply chain implications:

A) Recognition that the cost of acquiring goods and services includes more than just quoted piece price. B) Locked in cost issues may affect suppliers. C) Sharing of cost and output data enables benefits of partnership sourcing. D) Synchronisation of production plans. A) Recognition that the cost of acquiring goods and services includes more than just quoted piece price. B) Locked in cost issues may affect suppliers. C) Sharing of cost and output data enables benefits of partnership sourcing. D) Synchronisation of production plans. B

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - What is the contribution per hour for product A

A) £2.50 B) £3.67 C) £5.0 D) £2.83 A) £2.50 B) £3.67 C) £5.0 D) £2.83 D

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - What is the contribution per hour for product B?

A) £2.50 B) £3.67 C) £5.0 D) £2.83 A) £2.50 B) £3.67 C) £5.0 D) £2.83

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - Strategic cost management is a management accounting technique with the following important supply chain implications

A) Progressive cost cuts are required from suppliers B) Enables JIT supply and purchasing based on knowledge of suppliers C) Sharing of cost and output data enables benefits of partnership sourcing D) Competition between supply chains rather than individual firms A) Progressive cost cuts are required from suppliers B) Enables JIT supply and purchasing based on knowledge of suppliers C) Sharing of cost and output data enables benefits of partnership sourcing D) Competition between supply chains rather than individual firms

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - TQM/BPR are management accounting techniques with the following important supply chain implications

A) Re-engineering/quality affect supplies e.g.JIT systems B) External sourcing influenced by cost and design specifications set by the market C) Sharing of cost and output data enables benefits of partnership sourcing D) Competition between supply chains rather than individual firms A) Re-engineering/quality affect supplies e.g.JIT systems B) External sourcing influenced by cost and design specifications set by the market C) Sharing of cost and output data enables benefits of partnership sourcing D) Competition between supply chains rather than individual firms

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - What is the TA ratio for product A

A) £0.625 B) £0.917 C) £1.250 D) £0.708 A) £0.625 B) £0.917 C) £1.250 D) £0.708

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - The theory of constraints has its own special definitions

A) Operating expense = non-material conversion costs excluding labour costs B) Operating expense = labour costs C) Operating expense = material conversion costs and labour costs D) Operating expense = non-material conversion costs especially labour costs A) Operating expense = non-material conversion costs excluding labour costs B) Operating expense = labour costs C) Operating expense = material conversion costs and labour costs D) Operating expense = non-material conversion costs especially labour costs

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - What is the contribution per hour for product C

A) £2.50 B) £3.67 C) £5.0 D) £2.83 A) £2.50 B) £3.67 C) £5.0 D) £2.83

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - __________________ involves identifying all the possible combinations of two products

A) Objective function B) Supply chain management C) Feasible region D) Throughput accounting A) Objective function B) Supply chain management C) Feasible region D) Throughput accounting

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - __________________ involves planning for continuous cost during the manufacturing cycle

A) Kaizen costing B) Supply chain management C) Feasible region D) Shadow prices A) Kaizen costing B) Supply chain management C) Feasible region D) Shadow prices

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - The theory of constraints has its own special definitions

A) Inventory = stock - machines and buildings B) Inventory = stock C) Inventory = stock + WIP D) Inventory = stock + machines and buildings A) Inventory = stock - machines and buildings B) Inventory = stock C) Inventory = stock + WIP D) Inventory = stock + machines and buildings

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - Target costing is a management accounting technique with the following important supply chain implications:

A) Progressive cost cuts are required from suppliers B) External sourcing influenced by cost and design specifications set by the market C) Sharing of cost and output data enables benefits of partnership sourcing D) Competition between supply chains rather than individual firms A) Progressive cost cuts are required from suppliers B) External sourcing influenced by cost and design specifications set by the market C) Sharing of cost and output data enables benefits of partnership sourcing D) Competition between supply chains rather than individual firms

Data for a factory \(\begin{array}{ll} \text { Total factory cost } & £ 10,000 \\ \text { Total time au ailable on key resource (hours) } & 2,500 \\ \text { Contribution per unit product A } & £ 34.00 \\ \text { Contribution per unit product B } & £ 30.00 \\ \text { Contribution per unit product C } & £ 22.00 \\ \text { Contribution per unit product D } & £ 20.00 \\ \text { Hours required product A } & 12.0 \\ \text { Hours required product B } & 6.0 \\ \text { Hours required product C } & 6.0 \\ \text { Hours required product D } & 8.0 \end{array}\) - __________________ involves identifying the increase in value that would be created by having one additional unit of a limiting resource.

A) Kaizen costing B) Supply chain management C) Feasible region D) Shadow prices A) Kaizen costing B) Supply chain management C) Feasible region D) Shadow prices