Questions from Managerial Accounting

Q: The cost of inspecting incoming parts is most likely to be reduced

The cost of inspecting incoming parts is most likely to be reduced by a. activity sharing. b. activity elimination. c. activity reduction. d. activity selection. e. None of these.

Q: Thom Company produces 60 units in 10 hours. The cycle time

Thom Company produces 60 units in 10 hours. The cycle time for Thom a. is 6 units per hour. b. is 10 hours per unit. c. is 10 minutes per unit. d. is 6 minutes per unit. e. cannot be calculated.

Q: The job-order cost sheet is a subsidiary account to

The job-order cost sheet is a subsidiary account to a. Raw Materials. b. Work in Process. c. Finished Goods. d. Cost of Goods Sold. e. Jobs Started.

Q: Thom Company produces 60 units in 10 hours. The velocity for

Thom Company produces 60 units in 10 hours. The velocity for Thom a. is 6 units per hour. b. is 10 hours per unit. c. is 10 minutes per unit. d. 6 minutes per unit. e. cannot be calculated.

Q: Which of the following is a nonunit-level driver?

Which of the following is a nonunit-level driver? a. Direct labor hours b. Machine hours c. Direct materials d. Setup hours e. Assembly hours

Q: Striving to produce the same activity output with lower costs for the

Striving to produce the same activity output with lower costs for the input used is concerned with which of the following dimensions of activity performance? a. Quality b. Time c. Activity sharing d....

Q: Quillen Company manufactures a product in a factory that has two producing

Quillen Company manufactures a product in a factory that has two producing departments, Cutting and Sewing, and two support departments, S1 and S2. The activity driver for S1 is number of employees, a...

Q: Which of the following is a quality prevention cost?

Which of the following is a quality prevention cost? a. Quality planning b. Supplier evaluation and selection c. Quality audits d. Field trials e. All of these.

Q: Which of the following is an appraisal cost (quality)?

Which of the following is an appraisal cost (quality)? a. Manager of an inspection team b. Quality reporting c. Design reviews d. Warranties e. Retesting

Q: Which of the following is an internal failure cost (quality)?

Which of the following is an internal failure cost (quality)? a. Supplier evaluation and selection b. Packaging inspection c. Retesting d. Product liability e. Complaint adjustment