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Learning Objective 10-5 1) ________ is the purchase of materials so that they are delivered just as needed for production. A) Appraisal B) Just-in-time purchasing C) Conformance quality D) Manufacturing lead time E) Manufacturing cycle efficiency 2) ________ is inventory held at all times regardless of the quantity of inventory ordered using the EOQ model. A) Appraisal B) Prevention C).

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Learning Objective 10-6 1) ________ is a "push through" system that manufactures finished goods for inventory on the basis of demand forecasts. A) Bottle neck B) Time driver C) Value stream D) Carrying costs E) Materials requirements planning 2) ________ is a "demand pull" manufacturing system that manufactures each component in a production line as soon as,.

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Learning Objective 12-6 1) ________ is the practice of underestimating budgeted revenues, or overestimating budgeted costs, to make budgeted targets more easily to achieve. A) Kaizen budgeting B) Budgetary slack C) Rolling budget D) Contingent budget E) Contingency budget 2) Which of the following is true about budgetary slack? A) Budgeting is most effective when lower-level managers actively.

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10) The manager at Elite Transportation Company is exploring options to determine if it is cost effective to purchase the new vehicle, or keep the existing vehicle. The new vehicle could offer a considerable amount of savings in operating costs. The manager compiled the following information: Existing vehicleNew vehicle Original cost$45,000$85,000 Annual operating.

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Learning Objective 12-3 1) Rolling budgets are the same as: A) Kaizen budgets. B) operating budgets. C) activity-based budgets. D) rolling forecasts. E) financial budgets. 2) Which of the following terms is used to describe an income statement and its supporting budget schedules? A) Budgetary slack. B) Financial budget. C) Financial planning analysis. D) Operating budget. E) Activity-based budget (ABB). 3) Which of.

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Learning Objective 9-6 1) Rent, general administration, and corporate-office costs are ________ costs that will not change if a manager drops an account. A) past B) future C) current D) relevant E) reliability 2) Overhead costs allocated to a sales office and individual customers are always ________. A) past B) future C) current D) relevant E) irrelevant 3) There is no opportunity cost.

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10) The Engine Testing Organization tests engines before they are sold to manufacturers. The available machine-hours are limited and they are released as follows:         Use of Capacity in Hours per Unit of Product         Daily Maximum Production in Units Department Available Daily Capacity in Hours Truck Engine Airplane Engine Truck Engine Airplane Engine Assembly 500 machine- hours 3.0 machine- hours 6.0 machine- hours Testing 140 testing- hours 1 machine- hour 0.5 machine- hour Required: Compute.

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Learning Objective 10-4 1) ________ arise in preparing and issuing purchase orders, receiving and inspecting the items included in the orders, and matching invoices received, purchase orders, and delivery records to make payments. A) Costs of quality B) Stockout costs C) Carrying costs D) Purchasing costs E) Ordering costs 2) ________ are the cost of goods acquired.

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11) The budget costs at companies are different for variable and fixed overhead costs. 12) Using activity-based cost drivers provide additional and detailed information that improves decision making compared with budgeting solely on output-based cost drivers. 13) Budgeting is a cross-functional activity. 14) How do sales managers and sales representatives build the revenue.

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Learning Objective 11-1 1) ________ is the process of making long-run planning decisions for investments in projects. A) Payback B) Predictions C) Capital budgeting D) Initial investment E) Obtain information 2) In what stage of the capital budgeting process do managers identify potential capital investments that agree with the organization's strategy? A) Stage 1: Identify projects. B) Stage 2:.

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10) The manager at the Trailer Manufacturing plant has the option to continue to inspect, or redesign. Listed below are the estimated effects of quality improvement on costs of quality report obtained by the managerial accountant. Estimated Effects of Quality Improvement on Costs of Quality   Inspection Option Relevant itemsRelevant Benefit per unitQuantityTotal Benefits Savings.

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Learning Objective 11-7 1) In computer-integrated manufacturing technology (CIM): A) computers give instructions that quickly and automatically set up and run equipment to manufacture many different products. B) managers do not need to track the rapid changes of consumer demand in the future. C) promotes a reduction in worker knowledge of, and experience with,.

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24) The Plastic Saver company produces a specialty plastic product, and has the following information available concerning its inventory items: Relevant ordering costs per purchase order$450 Relevant carrying costs per year: Required annual return on investment15% Required other costs per year$3.50 Annual demand is 30,000 packages per year. The purchase price per package is $45. Required: a.Compute.

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11) Working capital refers to the difference between current assets and current liabilities. 12) What is working capital? 13) Cutting Edge Concrete (CEC) set the industry standard for high-performance concrete from the company's conception in 2008 until 2012. New environmentally beneficial innovations opened a new marketing arena for concrete manufacturers in 2008,.

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Learning Objective 12-4 1) ________ are mathematical representations of the relationships among operating activities, financing activities, and other factors that affect the master budget. A) Cash budget B) Master budget C) Process budget D) Production analysis E) Financial planning models 2) ________ is a "what-if" technique that examines how a result will change if the original predicted.

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Learning Objective 12-5 1) ________ is an arrangement of lines of responsibility within an organization. A) Revenue center B) Responsibility center C) Responsibility accounting D) Organization structure E) Cost center 2) ________ is a part, segment, or subunit of an organization whose manager is accountable for a specified set of activities. A) Revenue center B) Responsibility center C) Responsibility accounting D).

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11) How does information-gathering technology with barcoding increase the reliability and timeliness of inventory information? 12) What is the economic-order-quantity decision model? 13) When are the relevant ordering and carrying costs equal in EOQ models? 14) What do managers do when they are uncertain about demand, lead time, or the quantity that suppliers.

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