x
Info
x
Warning
x
Danger
 / 
 / 
 / 
169) The goal of value-engineering to A) improve value-added activities. B) eliminate

Question : 169) The goal of value-engineering to A) improve value-added activities. B) eliminate : 1876959

169) The goal of value-engineering is to

A) improve value-added activities.

B) eliminate or reduce non-value added activities.

C) both A and B.

D) none of the above.

170) Non-value added activities are

A) also called waste activities.

B) activities that neither enhance the customer's image of the product or service nor provide a competitive advantage.

C) activities that could be reduced or removed from the process with no ill effect on the end product or service.

D) All of the above.

171) The benefits of using the ABC costing system are higher if the company

A) has high indirect costs.

B) produces many different products that use differing amounts of resources.

C) has high indirect costs and produces many different products that use differing amounts of resources.

D) produces only one product.

172) The costs of adopting ABC may be lower for some companies than for others. This situation may occur

A) when a company has the accounting and information system expertise to develop the system.

B) when a company has the information technology to record and compile cost driver data.

C) with either situation A or situation B.

D) in none of the above instances.

173) Which of the following terms describes the process of reevaluating activities to reduce costs while satisfying customers' needs?

A) Design engineering

B) Developmental engineering

C) Value engineering

D) Total engineering

174) The benefits of adopting ABC/ABM are higher for companies in competitive markets because

A) accounting/information system expertise is inexpensive to develop.

B) ABM can pinpoint opportunities for cost savings.

C) accurate product cost information is not as relevant for price setting.

D) companies in competitive markets have low indirect costs.

175) Indications that a product cost system needs revision include

A) managers lose bids they expected to win and win bids they expected to lose.

B) employees do not believe the cost numbers are accurate.

C) the company uses a single-allocation-base system developed long ago.

D) all of the above.

176) Which of the following is a sign that a product cost system is not working properly?

A) The cost system is fully depreciated.

B) The cost system was installed five years ago.

C) The cost system has multiple allocation bases.

D) Managers don't understand costs and profits.

177) A system that focuses on activities as the fundamental cost object and uses the costs for these activities to compile indirect costs of goods and services is

A) appraisal costs.

B) value engineering.

C) activity-based costing.

D) prevention costs.

178) Customer response time is the time that lapses between the receipt of a customer order and delivery of the product or service.

Solution
5 (1 Ratings )

Solved
Accounting 6 Months Ago 14 Views
This Question has Been Answered!
Unlimited Access
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
150233 Accounting Questions Answered!
Post a Question