Accounting II Final Exam
Course Introduction
Accounting II builds upon the foundational principles learned in introductory accounting courses, delving deeper into complex concepts such as partnership and corporate accounting, managerial accounting methods, and the analysis and interpretation of financial statements. Students will explore topics including inventory valuation, cost accounting, budgeting, internal controls, and the analysis of financial ratios. The course emphasizes practical application, enabling students to prepare and evaluate detailed financial reports, understand ethical considerations in accounting, and develop critical thinking skills necessary for effective decision-making in business settings.
Recommended Textbook
Financial Managerial Accounting 14th Edition by Carl Warren
Available Study Resources on Quizplus
26 Chapters
4705 Verified Questions
4705 Flashcards
Source URL: https://quizplus.com/study-set/3661
Page 2
Chapter 1: Introduction to Accounting and Business
Available Study Resources on Quizplus for this Chatper
176 Verified Questions
176 Flashcards
Source URL: https://quizplus.com/quiz/72876
Sample Questions
Q1) Donner Company is selling a piece of land adjacent to its business.An appraisal reported the market value of the land to be $120,000.The Focus Company initially offered to buy the land for $107,000.The companies settled on a purchase price of $115,000.On the same day,another piece of land on the same block sold for $122,000.Under the cost principle,what is the amount that will be used to record this transaction in the accounting records?
Answer: $115,000
Q2) Collins Landscape Company purchased various landscaping supplies on account to be used for landscape designs for its customers.How will this business transaction affect the accounting equation?
Answer: Increase assets (Supplies)and increase liabilities (Accounts Payable)
Q3) Dividends paid to stockholders decrease assets and increase equity.
A)True
B)False Answer: False
Q4) The main objective for all business is to maximize unrealized profits.
A)True
B)False Answer: False
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Analyzing Transactions
Available Study Resources on Quizplus for this Chatper
210 Verified Questions
210 Flashcards
Source URL: https://quizplus.com/quiz/72868
Sample Questions
Q1) Which of the following entries records the acquisition of office supplies on account?
A) Office Supplies,debit; Cash,credit
B) Cash,debit; Office Supplies,credit
C) Office Supplies,debit; Accounts Payable,credit
D) Accounts Receivable,debit; Office Supplies,credit
Answer: C
Q2) When an account receivable is collected in cash,the total assets of the business increase.
A)True
B)False Answer: False
Q3) Which of the following statements is not true about liabilities?
A) Liabilities are debts owed to outsiders.
B) Account titles of liabilities often include the term "payable."
C) Cash received before a service is performed creates a liability.
D) Liabilities do not include wages owed to employees of the company. Answer: D
Q4) Prepare a trial balance,listing the accounts in their proper order.
Answer: 11ea8952_b5b6_efd3_861b_e994a5741833_TB6238_00
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: The Adjusting Process
Available Study Resources on Quizplus for this Chatper
183 Verified Questions
183 Flashcards
Source URL: https://quizplus.com/quiz/72867
Sample Questions
Q1) Vertical analysis compares each item in a financial statement with a total amount from the same statement.
A)True
B)False
Answer: True
Q2) Buster Industries pays weekly salaries of $30,000 on Friday for a five-day week ending on that day.The adjusting entry necessary at the end of the fiscal period ending on Tuesday is
A) debit Salaries Payable,$12,000; credit Cash,$12,000
B) debit Salary Expense,$12,000; credit Dividends,$12,000
C) debit Salary Expense,$12,000; credit Salaries Payable,$12,000
D) debit Dividends,$12,000; credit Cash,$12,000
Answer: C
Q3) Depreciation on equipment for the year is $6,300.
(a)Record the journal entry if the company prepares adjustments once a year.
(b)Record the journal entry if the company prepares adjustments on a monthly basis.
Answer: (a) (b) 11ea8952_b5af_010d_861b_15792324694a_TB6238_00 11ea8952_b5af_281e_861b_a7c376a80a34_TB6238_00
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Completing the Accounting Cycle
Available Study Resources on Quizplus for this Chatper
168 Verified Questions
168 Flashcards
Source URL: https://quizplus.com/quiz/72866
Sample Questions
Q1) The balance sheet should be prepared
A) before the income statement and the retained earnings statement
B) before the income statement and after the retained earnings statement
C) after the income statement and the retained earnings statement
D) after the income statement and before the retained earnings statement
Q2) On the end-of-period spreadsheet,the common stock and dividends account balances are extended to the Balance Sheet columns.
A)True
B)False
Q3) Any twelve-month accounting period adopted by a company is known as its fiscal year.
A)True
B)False
Q4) The classified balance sheet will show which asset subsections?
A) current assets and other equity
B) current assets and property,plant,and equipment
C) current liabilities and short-term assets
D) other revenues and property,plant and equipment
Q5) Describe a classified balance sheet.
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Accounting for Merchandising Businesses
Available Study Resources on Quizplus for this Chatper
205 Verified Questions
205 Flashcards
Source URL: https://quizplus.com/quiz/72865
Sample Questions
Q1) During the current year,merchandise is sold for $137,500 cash and $425,600 on account.The cost of the goods sold is $322,325.What is the amount of the gross profit?
Q2) Taking advantage of a 2 / 10,n / 30 purchases discount is equal to a yearly savings rate of approximately
A) 2%
B) 24%
C) 20%
D) 36%
Q3) Sales is equal to the cost of goods sold less the gross profit.
A)True
B)False
Q4) Title to merchandise shipped FOB shipping point passes to the buyer upon delivery of the merchandise to the buyer's place of business.
A)True
B)False
Q5) Most retailers record all credit card sales as credit sales.
A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 7
Chapter 6: Inventories
Available Study Resources on Quizplus for this Chatper
161 Verified Questions
161 Flashcards
Source URL: https://quizplus.com/quiz/72864
Sample Questions
Q1) During periods of increasing costs,the use of the FIFO method of costing inventory will result in a greater amount of net income than would result from the use of the LIFO cost method.
A)True
B)False
Q2) One of the two internal control procedures over inventory is to properly report inventory on the financial statements.
A)True
B)False
Q3) The value of ending inventory rounded to nearest dollar using average cost is:
A) $1,353
B) $1,263
C) $1,375
D) $1,150
Q4) What is the amount of the inventory at the end of the year using the FIFO method?
A) $1,685
B) $1,575
C) $1,805
D) $3,585
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Internal Control and Cash
Available Study Resources on Quizplus for this Chatper
155 Verified Questions
155 Flashcards
Source URL: https://quizplus.com/quiz/72863
Sample Questions
Q1) Bank customers are considered creditors of the bank so the bank shows their accounts with credit balances on the bank's records.
A)True
B)False
Q2) A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430.This item would be included on the bank reconciliation as a(n)
A) addition to the balance per the company's records
B) addition to the balance per the bank statement
C) deduction from the balance per the bank statement
D) deduction from the balance per the company's records
Q3) A debit or credit memo describing entries in the company's bank account may be enclosed with the bank statement.An example of a credit memo is
A) deposited checks returned for insufficient funds
B) a promissory note left for collection
C) a service charge
D) notification that a customer's check for $375 was recorded by the company as $735 on the deposit ticket
Q4) List and define each of the five elements of internal control.
To view all questions and flashcards with answers, click on the resource link above.
Page 9
Chapter 8: Receivables
Available Study Resources on Quizplus for this Chatper
163 Verified Questions
163 Flashcards
Source URL: https://quizplus.com/quiz/72862
Sample Questions
Q1) Notes or accounts receivable that result from sales transactions are often called A) nontrade receivables
B) trade receivables
C) merchandise receivables
D) sales receivables
Q2) When using the direct write-off method of accounting for uncollectible receivables,the account Allowance for Doubtful Accounts is debited when a specific account is determined to be uncollectible.
A)True
B)False
Q3) Under the direct write-off method of accounting for uncollectible accounts,Bad Debts Expense is debited
A) at the end of each accounting period
B) when a credit sale is past due
C) whenever a predetermined amount of credit sales have been made
D) when an account is determined to be worthless
Q4) The due date of a 60-day note dated July 10 is September 10.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Long-Term Assets: Fixed and Intangible
Available Study Resources on Quizplus for this Chatper
177 Verified Questions
177 Flashcards
Source URL: https://quizplus.com/quiz/72861
Sample Questions
Q1) Expenditures that increase operating efficiency or capacity for the remaining useful life of a fixed asset are called capital expenditures.
A)True
B)False
Q2) On December 31,Strike Company sold one of its batting cages for $50,000.The equipment had an original cost of $310,000 and has accumulated depreciation of $260,000.Depreciation has been recorded up to the end of the year.What is the amount of the gain or loss on this transaction?
A) gain of $50,000
B) loss of $50,000
C) no gain or loss
D) cannot be determined
Q3) Which of the following is included in the cost of constructing a building?
A) insurance costs during construction
B) cost of paving the parking lot
C) cost of repairing vandalism damage during construction
D) cost of removing the demolished building existing on the land when it was purchased
To view all questions and flashcards with answers, click on the resource link above.
Chapter 10: Liabilities: Current,installment Notes,and
Contingencies
Available Study Resources on Quizplus for this Chatper
188 Verified Questions
188 Flashcards
Source URL: https://quizplus.com/quiz/72886
Sample Questions
Q1) The journal entry to record the monthly payroll on April 30 would include a
A) credit to Salaries Payable for $8,150
B) debit to Salaries Expense for $7,902
C) debit to Salaries Payable for $8,150
D) debit to Salaries Payable for $7,902
Q2) One of the more popular defined contribution plans is the 401k plan.
A)True
B)False
Q3) Notes payable may be issued to creditors to satisfy previously created accounts payable.
A)True
B)False
Q4) An installment note payable for a principal amount of $94,000 at 6% interest requires Lawson Company to repay the principal and interest in equal annual payments of $22,315 beginning December 31,of the first year,for each of the next five years.After the final payment,the carrying amount on the note will be
A) $1,263
B) $21,053
C) $22,315
D) $0
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: Liabilities: Bonds Payable
Available Study Resources on Quizplus for this Chatper
154 Verified Questions
154 Flashcards
Source URL: https://quizplus.com/quiz/72885
Sample Questions
Q1) When the bonds are sold for more than their face value,the carrying amount of the bonds is equal to
A) face value
B) face value plus the unamortized discount
C) face value minus the unamortized premium
D) face value plus the unamortized premium
Q2) A bond is simply a form of an interest-bearing note.
A)True
B)False
Q3) If the amount of a bond premium on an issued 11%,4-year,$100,000 bond is $12,928,the annual interest expense is $5,500.
A)True
B)False
Q4) Only callable bonds can be purchased by the issuing corporation before maturity.
A)True
B)False
Q5) Bondholders are creditors of the issuing corporation.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Corporations: Organization, stock Transactions, and Dividends
Available Study Resources on Quizplus for this Chatper
193 Verified Questions
193 Flashcards
Source URL: https://quizplus.com/quiz/72884
Sample Questions
Q1) When common stock is issued in exchange for land,the land should be recorded in the accounts at the par value of the stock issued.
A)True
B)False
Q2) Which of the following amounts should be disclosed in the stockholders' equity section of the balance sheet?
A) the number of shares of common stock outstanding
B) the number of shares of common stock issued
C) the number of shares of common stock authorized
D) all of these
Q3) Retained earnings
A) is the same as contributed capital
B) must be restricted by law
C) changes are summarized in the retained earnings statement
D) is equal to cash on hand
Q4) When a corporation issues stock at a premium,it reports the premium as an other income item on the income statement.
A)True
B)False
14
To view all questions and flashcards with answers, click on the resource link above.
Chapter 13: Statement of Cash Flows
Available Study Resources on Quizplus for this Chatper
175 Verified Questions
175 Flashcards
Source URL: https://quizplus.com/quiz/72883
Sample Questions
Q1) On the statement of cash flows,a $7,500 gain on the sale of fixed assets would be
A) added to net income in converting the net income reported on the income statement to cash flows from operating activities
B) deducted from net income in converting the net income reported on the income statement to cash flows from operating activities
C) added to dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends
D) deducted from dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends
Q2) Norris Company declared cash dividends of $60,000 during the year.Cash dividends payable were $20,000 at the beginning of the year and $25,000 at the end of the year.The amount of cash Norris Co.used for payment of dividends during the year was
A) $55,000
B) $80,000
C) $105,000
D) $65,000
To view all questions and flashcards with answers, click on the resource link above. Page 15
Chapter 14: Financial Statement Analysis
Available Study Resources on Quizplus for this Chatper
189 Verified Questions
189 Flashcards
Source URL: https://quizplus.com/quiz/72882
Sample Questions
Q1) In a common-sized income statement,each item is expressed as a percentage of net income.
A)True B)False
Q2) If two companies have the same current ratio,their ability to pay short-term debt is the same.
A)True B)False
Q3) Using the balance sheets for Kellman Company,if net income is $250,000 and interest expense is $20,000 for Year 2,and the market price of common shares is $30,what is the price-earnings ratio on common stock for Year 2? (Round intermediate calculation to two decimal places and final answers to one decimal place.)
A) 7.5
B) 13.4
C) 12.1
D) 8.5
Q4) A 15% change in sales will result in a 15% change in net income.
A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 16
Chapter 15: Introduction to Managerial Accounting
Available Study Resources on Quizplus for this Chatper
195 Verified Questions
195 Flashcards
Source URL: https://quizplus.com/quiz/72881
Sample Questions
Q1) The costs of materials and labor that do not enter directly into the finished product are classified as factory overhead.
A)True
B)False
Q2) Which of the following manufacturing costs is an indirect cost of producing a product?
A) oil lubricants used for factory machinery
B) commissions for sales personnel
C) hourly wages of an assembly worker
D) memory chips for a microcomputer manufacturer
Q3) Goods that are part way through the manufacturing process,but not yet complete,are referred to as materials inventory.
A)True
B)False
Q4) The plant manager's salary in a manufacturing business would be considered an indirect cost.
A)True
B)False
Q5) Differentiate between a line department and a staff department.
To view all questions and flashcards with answers, click on the resource link above. Page 17
Chapter 16: Job Order Costing
Available Study Resources on Quizplus for this Chatper
185 Verified Questions
185 Flashcards
Source URL: https://quizplus.com/quiz/72880
Sample Questions
Q1) The job order costing system is not used by service organizations.
A)True
B)False
Q2) List the accounts used in the cost flow for (a)a manufacturer and (b)a service provider.
Q3) The direct labor and overhead costs of providing services to clients are accumulated in a work in process account.
A)True
B)False
Q4) Which of the following costs are not included in finished goods inventory?
A) direct labor
B) factory overhead
C) chief financial officer's salary
D) direct materials
Q5) A process cost accounting system is best used by manufacturers of like units of product that are not distinguishable from each other during a continuous production process.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 18
Chapter 17: Process Cost Systems
Available Study Resources on Quizplus for this Chatper
180 Verified Questions
180 Flashcards
Source URL: https://quizplus.com/quiz/72879
Sample Questions
Q1) In the manufacture of 10,000 units of a product,direct materials cost incurred was $165,000,direct labor cost incurred was $105,000,and applied factory overhead was $53,000.What is the total conversion cost?
A) $218,000
B) $158,000
C) $323,000
D) $53,000
Q2) According to the lean manufacturing philosophy,
A) finished goods should always be available in case a customer wants something B) employees should be expert at one function rather than be cross-trained for multiple functions
C) movement of the product and material is reduced
D) the product moves from process to process until completion
Q3) When a process cost accounting system records the purchase of materials,the Materials account is credited.
A)True
B)False
Q4) Explain the concept of equivalent units.Give an example to validate your explanation.
To view all questions and flashcards with answers, click on the resource link above. Page 19
Chapter 18: Activity-Based Costing
Available Study Resources on Quizplus for this Chatper
110 Verified Questions
110 Flashcards
Source URL: https://quizplus.com/quiz/72878
Sample Questions
Q1) Everest Co.uses a plantwide factory overhead rate based on direct labor hours.Overhead costs would be overcharged to which of the following departments?
A) A labor-intensive department
B) A capital-intensive department
C) A materials-intensive department
D) All of the above
Q2) Using the single plantwide factory overhead rate with an allocation base of direct labor hours,how much factory overhead will Challenger Factory allocate to deluxe widget production if budgeted production for the period is 50,000 units and actual production for the period is 58,000 units?
A) $391,500
B) $225,000
C) $261,000
D) $337,500
Q3) Use of a plantwide factory overhead rate assumes that the activities causing overhead costs are the same across all departments and products.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Chapter 19: Cost-Volume-Profit Analysis
Available Study Resources on Quizplus for this Chatper
421 Verified Questions
421 Flashcards
Source URL: https://quizplus.com/quiz/72877
Sample Questions
Q1) The reliability of cost-volume-profit analysis does not depend on the assumption that costs can be accurately divided into fixed and variable components.
A)True
B)False
Q2) The adoption of variable costing for managerial decision making is based on the premise that fixed factory overhead costs are related to productive capacity of the manufacturing plant and are normally not affected by the number of units produced.
A)True
B)False
Q3) The contribution margin ratio is
A) the same as the variable cost ratio
B) the same as profit
C) the portion of equity contributed by the stockholders
D) the same as the profit-volume ratio
Q4) Gladstorm Enterprises sells a product for $60 per unit.The variable cost is $20 per unit,while fixed costs are $85,000.Determine the (a)break-even point in sales units,and (b)break-even point in sales units if the selling price increased to $80 per unit.Round your answer to the nearest whole number.
To view all questions and flashcards with answers, click on the resource link above.
Page 21
Chapter 20: Variable Costing for Management Analysis
Available Study Resources on Quizplus for this Chatper
151 Verified Questions
151 Flashcards
Source URL: https://quizplus.com/quiz/72875
Sample Questions
Q1) If variable cost of goods sold totaled $80,000 for the year (16,000 units at $5.00 each)and the planned variable cost of goods sold totaled $86,250 (15,000 units at $5.75 each),the effect of the unit cost factor on the change in contribution margin is:
A) $12,000 increase
B) $5,750 decrease
C) $12,000 decrease
D) $5,750 increase
Q2) Management will use both variable and absorption costing in all of the following activities except:
A) controlling costs
B) product pricing
C) production planning
D) controlling inventory levels
Q3) The contribution margin and the manufacturing margin are usually equal.
A)True
B)False
Q4) Service firms can only have one activity base for analyzing changes in costs.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 22
Chapter 21: Budgeting
Available Study Resources on Quizplus for this Chatper
181 Verified Questions
181 Flashcards
Source URL: https://quizplus.com/quiz/72874
Sample Questions
Q1) Past performance is the best overall basis for evaluating current performance and assessing the need for corrective action.
A)True
B)False
Q2) Kid's World Industries has projected sales of 67,000 machines for the current year.The estimated January 1 inventory is 6,000 units,and the desired December 31 inventory is 15,000 units.What is the budgeted production (in units)for the year?
Q3) A budget procedure that provides for the maintenance at all times of a twelve-month projection into the future is called continuous budgeting.
A)True
B)False
Q4) What is a capital expenditures budget?
Q5) Osprey Cycles,Inc.projected sales of 75,000 bicycles for the year.The estimated January 1 inventory is 5,000 units,and the desired December 31 inventory is 8,000 units.What is the budgeted production (in units)for the year?
Q6) Why is the sales budget usually prepared first?
Q7) Describe at least five benefits of budgeting.
To view all questions and flashcards with answers, click on the resource link above. Page 23
Chapter 22: Evaluating Variances From Standard Costs
Available Study Resources on Quizplus for this Chatper
130 Verified Questions
130 Flashcards
Source URL: https://quizplus.com/quiz/72873
Sample Questions
Q1) The materials quantity variance is
A) 63,000 favorable
B) 63,000 unfavorable
C) 59,400 favorable
D) 59,400 unfavorable
Q2) Favorable volume variances may be harmful when
A) machine repairs cause work stoppages
B) supervisors fail to maintain an even flow of work
C) production in excess of normal capacity cannot be sold
D) all of the answers are correct
Q3) Standards are set for only direct labor and direct materials.
A)True
B)False
Q4) The variable factory overhead controllable variance is
A) $9,000 favorable
B) $9,000 unfavorable
C) $5,500 favorable
D) $5,500 unfavorable
To view all questions and flashcards with answers, click on the resource link above. Page 24
Chapter 23: Evaluating Decentralized Operations
Available Study Resources on Quizplus for this Chatper
175 Verified Questions
175 Flashcards
Source URL: https://quizplus.com/quiz/72872
Sample Questions
Q1) If divisional income from operations is $100,000,invested assets are $850,000,and the minimum rate of return on invested assets is 8%,the residual income is $68,000.
A)True
B)False
Q2) The profit margin for Division C is 6% and the investment turnover is 1.2.What is the rate of return on investment for Division B?
A) 20%
B) 6.7%
C) 7.3%
D) 7.2%
Q3) In rate of return on investment analysis,the investment turnover component focuses on efficiency in the use of assets and indicates the rate at which sales are being generated for each dollar of invested assets.
A)True
B)False
Q4) The ratio of sales to investment is termed the rate of return on investment.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
25
Chapter 24: Differential Analysis and Product Pricing
Available Study Resources on Quizplus for this Chatper
173 Verified Questions
173 Flashcards
Source URL: https://quizplus.com/quiz/72871
Sample Questions
Q1) Which of the following reasons would cause a company to reject an offer to accept business at a special price?
A) The additional sale will not conflict with regular sales.
B) The additional sales will increase differential income.
C) The additional sales will not increase fixed expenses.
D) The additional sales will increase fixed expenses.
Q2) The lowest contribution margin per scarce resource is the most profitable.
A)True
B)False
Q3) In addition to the differential costs in an equipment-replacement decision,the remaining useful life of the old equipment and the estimated life of the new equipment are important considerations.
A)True
B)False
Q4) Includes manufacturing costs plus selling and administrative expenses
A)Engineering change order
B)Total cost concept
C)Variable cost concept
D)Normal selling price
E)Setup
To view all questions and flashcards with answers, click on the resource link above. Page 26
Chapter 25: Capital Investment Analysis
Available Study Resources on Quizplus for this Chatper
186 Verified Questions
186 Flashcards
Source URL: https://quizplus.com/quiz/72870
Sample Questions
Q1) A 6-year project is estimated to cost $350,000 and have no residual value.If the straight-line depreciation method is used and the average rate of return is 12%,determine the estimated annual net income.
Q2) The average rate of return is a measure of profitability computed by dividing the average annual cash inflows from an asset by the average amount invested in the asset.
A)True
B)False
Q3) Net present value and the payback period are examples of discounted cash flow methods used in capital budgeting decisions.
A)True
B)False
Q4) A company is considering the purchase of a new piece of equipment for $90,000.Predicted annual net cash inflows from the investment are $36,000 (Year 1),$30,000 (Year 2),$18,000 (Year 3),$12,000 (Year 4),and $6,000 (Year 5).The average income from operations over the 5-year life is $20,400.The payback period is 3.5 years.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 27
Chapter 26: Lean Manufacturing and Activity Analysis
Available Study Resources on Quizplus for this Chatper
121 Verified Questions
121 Flashcards
Source URL: https://quizplus.com/quiz/72869
Sample Questions
Q1) In a lean environment,operations only respond to customer orders.
A)True
B)False
Q2) Traditional manufacturing emphasizes all of the following except
A) team oriented employee involvement
B) process-oriented layout
C) push manufacturing
D) cost accumulation by department
Q3) Examples of transforming a traditional manufacturing environment to a lean environment is to do all of the following except
A) form partnerships with reliable suppliers.
B) reorganize operational processes to organized product lines.
C) train employees to perform various operations.
D) increase raw materials to produce more,thereby increasing finished goods inventory.
Q4) Push manufacturing (made-to-stock)is a traditional approach to manufacturing.
A)True
B)False
Q5) From the above schedule,compute the percentage of non-value-added activities.
Q6) From the above schedule,calculate the (a)prevention and (b)appraisal costs.
Page 28
To view all questions and flashcards with answers, click on the resource link above.