Cornerstones of Cost Management 3rd Edition

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Author:
jsfreaky
ID:
308819
Filename:
Cornerstones of Cost Management 3rd Edition
Updated:
2015-09-30 20:20:08
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97 Multiple Choice
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97 Multiple Choice
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  1. In JIT manufacturing, each operation produces
    • a. only what is necessary for the succeeding operations.
    • b. all that it can to offset fixed costs.
    • c. a fixed percentage in excess of orders to ensure adequate quality stock.
    • d. all that it can in order to build inventories.
    • a. only what is necessary for the succeeding operations.
  2. Which of the following is a cost management subsystem designed to assign costs to individual products and services and other objects, as specified by management
    • a. financial accounting information system
    • b. operational control system
    • c. cost accounting information system
    • d. all of the above
    • c. cost accounting information system
  3. Which of the following approaches have led to advancements in the manufacturing environment?
    • a. theory of constraints
    • b. computer-integrated manufacturing
    • c. JIT manufacturing
    • d. all of these
  4. d. all of these
  5. Cost accounting
    • a. is concerned with assigning costs to various cost objects.
    • b. attempts to satisfy the costing objectives of both financial accounting and management accounting.
    • c. provides cost information that supports planning, controlling, and decision making.
    • d. all of these.
  6. d. all of these.
  7. Financial accounting information is used for
    • a. investment decisions.
    • b. regulatory measures.
    • c. stewardship evaluation.
    • d. all of the these.
  8. d. all of the these.

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