Quiz 12 - 1. 12-006 The bill of materials shows the...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1. 12-006 The bill of materials shows the ________ of each product component. Student Response Value Correct Answer Feedback A. part number and description B. quantity used C. quantity ordered D. part number and description and quantity used 100% Score: 4/4 2. 12-053 Dolly Salem owns and operates a bakery in Charleston, South Carolina. She maintains a file that lists the sequence of procedures required to make each of her famous cakes and cookies. These instructions are examples of a(an) Score: 4/4 3. 12-086 Discuss the criticisms of traditional cost accounting methods. Student Response: Sample Correct Answer General Feedback: Score: 4. 12-027 The type of cost accounting system that primarily assigns costs to specific batches, or jobs, and is used where production items can be discretely identified is known as ________ cost accounting. Score: 4/4 5. 12-048 ________ are incurred to ensure that products are created without defects the first time. Score: 4/4 6. 12-051 There are various costs associated with quality control, or its absence in a production operation. Such information can help a company determine the effects of actions taken to improve production and identify areas of improvement. The cost of a product liability claim can be classified as a(n) Score: 4/4 7. 12-064 The expenses associated with quality assurance activities are ________ costs. Score: 4/4 8. 12-033 Detailed data about warranty and repair costs is considered an applicable control used to mitigate the threat of Score: 4/4 9. 12-007 The operations list shows Score: 4/4 10. 12-083 What are the two major types of cost accounting systems and what are the differences between the two? Student Response: Sample Correct Answer General Feedback: Score: 11. 12-010 The second step in the production cycle is planning and scheduling. One of the methods of production planning is referred to as pull manufacturing. This method is also known as Score: 4/4 12. 12-034 For replacement of inventories and assets destroyed by fire or other disasters, an organization needs Score: 4/4 13. 12-043 ________ links costs to the corporation's strategy for production of goods and services. Score: 4/4 14. 12-056 Wee Bee Trucking determines the cost per delivery by summing the average cost of loading, unloading, transporting, and maintenance. This is an example of ________ costing. Score: 0/4 15....
View Full Document

This note was uploaded on 01/24/2011 for the course COB acct taught by Professor Smith during the Spring '09 term at California Coast University.

Page1 / 30

Quiz 12 - 1. 12-006 The bill of materials shows the...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online