Questions from Cost Accounting

Q: What is Pareto inventory analysis? Why do A items and C

What is Pareto inventory analysis? Why do A items and C items warrant different inventory control methods? What are some methods that can be employed to control C items? Companies making purchasing (r...

Q: Differentiate between the push and pull systems of production. Is JIT

Differentiate between the push and pull systems of production. Is JIT a push or a pull system?

Q: How does a product’s life cycle stage influence production cost management?

How does a product’s life cycle stage influence production cost management?

Q: What is target costing, and how is it useful in assessing

What is target costing, and how is it useful in assessing a product’s total life cycle cost?

Q: Why does the development stage have such a significant influence on a

Why does the development stage have such a significant influence on a product’s profitability over its life cycle?

Q: What is kaizen costing, and how does it differ from target

What is kaizen costing, and how does it differ from target costing?

Q: What are the primary goals of the JIT philosophy, and how

What are the primary goals of the JIT philosophy, and how does JIT attempt to achieve these goals?

Q: You are employed by a firm engaging in heavy manufacturing. Its

You are employed by a firm engaging in heavy manufacturing. Its direct materials are sourced globally, but its non operating inputs are sourced from a variety of U.S. vendors. You have been charged wi...

Q: What changes must occur in a production environment to effectively implement JIT

What changes must occur in a production environment to effectively implement JIT? Why are these changes necessary?

Q: How would switching from a traditional manufacturing system to a flexible manufacturing

How would switching from a traditional manufacturing system to a flexible manufacturing system affect a firm’s inventory and production control systems?