Quiz - W08 Production Cycle

Most cost are locked in at which stage in the production cycle?

• product design
• production planning
• production operation
• cost accounting

Which of the following is an advantage of bar coding over RFID?

• speed
• cost
• accuracy
• safety

Which document list the components needed to manufacture a specific product?

• operation list
• master production schedule
• bill of materials
• production order

Which document captures information about labor used in production?

• move ticket
• job time ticket
• operation list
• bill of materials

An increase in which component of quality  costs is most likely to result in a decrease in the other three components?

• prevention costs
• inspection costs
• internal failure costs
• external failure costs

Activity-based costing can be used to refine which of the following?

• job order costing
• process costing
• both job order costing and process costing
• neither job order nor process costing

Which system is most likely to bes used by a company that mass-produces large batches of standard items in anticipation of customer demand?

• MRP II
• lean manufacturing
• activity based costing
• throughput

The development of an MPS would be most effective in preventing which of the following threats?

• recording and posting errors
• loss of inventory
• production of poor quality goods
• excess production

Which control procedure is probably least effective in reducing the threat of inventory loss?

• limiting physical access to inventory
• documenting all transfers of inventory within company
• regular materials usage reports that highlight variances from standards
• periodically counting inventory and investigating any discrepancies between those counts and recorded amounts

What is the number of good units produced in a given period of time called?

• productive capacity
• productive processing time
• yield
• throughput