Questions from Management Accounting


Q: What is a just-in-time manufacturing system? Why

What is a just-in-time manufacturing system? Why would organisations choose to adopt it?

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Q: Outline the five steps in the theory of constraints? In many

Outline the five steps in the theory of constraints? In many examples of the TOC in practice, idle capacity is generated. Why? Can this be a good thing?

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Q: Search online for two organisations that have used target costing. Briefly

Search online for two organisations that have used target costing. Briefly comment on what you find in relation to this practice.

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Q: Explain how the TOC fits within the lean thinking philosophy.

Explain how the TOC fits within the lean thinking philosophy.

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Q: Describe the four types of quality-related activities.

Describe the four types of quality-related activities.

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Q: Should the lean thinking firm be concerned about the costs of quality

Should the lean thinking firm be concerned about the costs of quality activities? Describe by drawing on Deming’s 14 principles of management.

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Q: What is throughput costing? How is it linked to lean accounting

What is throughput costing? How is it linked to lean accounting?

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Q: Explain why a lean organisation would refuse to implement an absorption costing

Explain why a lean organisation would refuse to implement an absorption costing system?

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Q: Explain the differences between general and specific knowledge. Give an example

Explain the differences between general and specific knowledge. Give an example of an industry where knowledge is quite general and an example of an industry that requires specific knowledge.

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Q: An organisation’s plant in Queensland manufactures a product that is shipped to

An organisation’s plant in Queensland manufactures a product that is shipped to a branch in Tasmania for sale. Does it make any difference which branch (each is a profit centre) is charged for the cos...

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