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    law

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    © All Rights Reserved
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    13 views10 pages

    Q 10

    Uploaded by

    Arjay Molina
    law

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 10
    ern72024 Doshboard Storted on stote Completed on Time taken Grade uation omprate Ina.JlT system, i the rate of output is doubled while the number of units in process is cut in half, then the speed ‘Quiz 10: Atompt review Mycourses ACTG05-19. Quizes Quiz0. ‘Thursday, 17 June 2021, 224 PM Finished ‘Thursday, 17 June 2021, 2:38 PM 14 mins 4 secs 20.00 out of 30.00 (100%) of the system has been: a. doubled b.reduced by 25% ©. quadrupled none of the above . reduced by 50% hitpseollege.nou. acu phimodquaireview php?attempt=56223%&emid=188170 a0 err7i2024 Quiz 10: Attempt review seston compete ‘The costs to be offset against the sovings from lower work in process levels in @ JIT system include oll of the following, except: © the possibilty that setup costs cannot be reduced enough to offset the larger number of setups: b. the possibility of customer dissatisfaction due to slower response time to orders c.allof the above © the higher probabilty of shutdowns due to the smaller safety stock © handling « larger number of small batches of work in process avestion3 Compete ore 100 out of100 All ofthe following are obstacles to IT purchasing, except @.the attitudes of purchasing agents and suppliers b.all of the above are obstacies «. the distance from suppliers d.the frequency of schedule changes ® the layout of the production process hitpseollege.nou. acu phimodquaireview php?attempt=56223%&emid=188170 err7i2024 Quiz 10: Attempt review seston 4 compete All ofthe following are JIT performance measures, except: © unscheduled maintenance downtime bulnventory turnover ¢. number of defects d.copacity utllzation «.cycle time efficiency seston 5 compete ‘The cost accounting system that is noted forts lack of detailed tracking of work in process during the ‘accounting period is: a.stondard costing b.backtlush costing ©. process costing 4. job order costing @. ectual costing hitpseollege.nou. acu phimodquaireview php?attempt=56223%&cmid=188170 sito err7i2024 Quiz 10: Attempt review seston B compete To backllush materials cost from Raw and In Process (RIP) to Finished Goods, the calculation would be: ‘2. materials in beginning finished goods inventory plus materials cost tansterred from RIP minus materials in ending finished goods inventory bb. materials in beginning RIP inventory plus materials received during the period minus materials in ending RIP inventory ¢, materiale in ending RIP inventory plus materiale received during the period minus materials in the beginning RIP inventory none of the above «2, materials in ending finished goods inventory plus materials cost transferred from RIP minus materials in beginning finished goods inventory weston compat More100 out of 100 All ofthe following are terms used to describe the JIT effort to reduce inventories of work in process and raw materials, except a. stockless production b.lean production «, backflush production 4.21P production @.none of the above are appropriate terms hitpseollege.nou. acu phimodquaireview php?attempt=56223%&cmid=188170 err7i2024 Quiz 10: Attempt review seston 8 complete ‘The JIT production ideals a batch size of Prone of the above d.ten 8. one hundred seston 9 complete ‘The objective of reducing inventory to zero is possible tol ofthe following conditions are present, except: «9. balanced and level work loads low or insignificant setup costs «.long setup times d.no interruptions due to stockouts ©, minimum lead times hitpseollege.nou. acu phimodquaireview php?attempt=56223%&emid=188170 sit0 err7i2024 Quiz 10: Attempt review seston 10 compete ‘The cost accounting system that would be most apt to use a single inventory account entitled Raw andl In Process (RIP) would be: a. backtlush costing b.historical costing ©. process costing 4. job order costing «standard costing uestion TL Complete More 2000 out 0200, Lamil Company has 10 werk stations where work in process is held, 100 average units in work in process per stotion, an average cost of @ unitin work in process of $75, and an annual inventory carrying cost of 20%. It Alpha plans a 50% reduction in workin process levels, the expected annual savings in carrying costs would be: 0.3750 .18,000 ©.30,000 d. None of the above €.37,500 veation 12 Compete ore 2000 out of 200, ‘AAA Company has an average dollar loss per defective unit of $25, a planned reduction in number of defective Units produced per out-of-control condition of 5, and the number of out-of-control conditions not discovered immediately is 250. The expected savings in cost of defects would be: 0.125 b.3i280 6.1250 4.6280 hitpseollege.nou. acu phimodquaireview php?attempt=56223%&cmid=188170 err7i2024 Quiz 10: Attempt review seston 13 compete Eric Company has materials cost in the May 1 Raw and In Process of $10,000, materials received during June of {$206,000 and materials cost in the May 30 Raw and In Process of $12,500. The amount to be backilushed from Raw and In Process to Finished Goods at the end of May would be: 2.202600 217500 ©.215,000 4.207500, avestion 4 Comprate In backtlush costing. the conversion cost in the Raw and in Process was $1,000 on April and $2,000 on Apri 31, the account to be credited at the end of Apri for the $1,000 increase would be: a. Raw moterials . Raw and In Process «Finished goods 4. Cost of goods sold vention Complete 11500 units are produced per cay and 2.000 units are in process at any time, the throughput time is: a4 doys b.il2day ©.2days 6.1/4 day hitpseollege.nou. acu phimodquaireview php?attempt=56223%&cmid=188170 m0 err7i2024 Quiz 10: Attempt review seston 16 compete Ifthe annual carrying cost percentage is 30% and average work in process is $300,000 and management plans to.use JIT to double the velocity of work in process without changing total annual output, the savings in annual carrying costs will be: 9.180,000 b.160,000, 6.90.00 45,000 vostion 7 Compote [Assume that « company plans a reduction in work in process levels of 50% and has an annual inventory carrying cost of 20% and a past average cost of work in process of $75,000. The 50% reduction in work in, process would be expected to produce annual savings of 0.3760 b.15,000 ©.7,500 .37,500 vestion 1B compete More 200 out of 200 In bocktlush costing, ifthe conversion cost in Rew and In Process wos $1,000 on July 1 and $400 on July 3, the account to be crecited for the $600 decrease would be @. Raw and in process b Finished goods ©, Cost of goods sold Raw materials hitpseollege.nou. acu phimodquaireview php?attempt=56223%&emid=188170 err7i2024 Quiz 10: Attempt review setion 19 compete MOCA Company has an average dollarioss per defective unit of $25, « planned reduction in work in process levels of 60%, and an average number of units in work in process per station of 100. Assume that the total umber of instances in which some workstation goes out of contra mits and produces defects is expected to bbe 500 annually and that in half those instances the out-of-control condition is not discovered immediately and enters 10% of the units produced. The expected annual savings in cost of defective units would be: 2.1250 b.31250 6.125 4.6250 weston 20 complete More 200 outot200, 11 Step 1in @ production process processes each unit and sends it to await Step 2, and 500 units are waiting between Steps | and 2, how many defective units might Step I produce before the problem is detected in Step 2 0.250 b. An unlimited number .1000 4.500 Previous activity

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