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Exam 15: Integrated Production Processes IPP

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Question 61

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______________________________ is a costing approach where detailed costs to perform activities throughout the value chain are computed and can be managed or assigned to cost objects, including products.

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activity-based costi...

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Question 62

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In the pull approach to manufacturing, the sales forecast drives the production plan and goods are produced in large batches.

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Question 63

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Which of the following inventory frauds is not identified by Practice Alert No. 94-2: Auditing Inventories-Physical Observations?

Trends in cost management/cost accounting include all of the following except:

Supply chain management software provides ______________________________ to promise planning and ______________________________ to promise planning.

A(n) ______________________________ is a group of similar workstations.

A(n) ______________________________ is a sequence of activities performed by an organization that add value or utility to the product produced or service rendered.

The material, labor, and machine requirements for each job are reflected in a manufacturing order.

Available to promise planning is the accumulation of data on current inventories, sales commitments, planned production and excess production capacity or other planned production capacity that could be quickly converted to production of the desired finished goods necessary to fulfill a sales order request.

An automated storage and retrieval system (AS/RS) is a computer-controlled machine that stores and retrieves parts and tools.

Manufacturing resource planning (MRP) is an integrated decision support system for planning, executing, and controlling manufacturing operations.

This shows when a manufacturing order or purchase order should be released so that the subassemblies and raw materials will be available when needed.

A bill of material contains the standard material quantities that are required to produce one unit of end product.

With the pull approach to manufacturing, factory machinery is arranged in ______________________________.

______________________________ is an integrated decision support system for planning, executing, and controlling manufacturing operations.

JIT is often called a kanban process.

The process of exploding the BOM results in a(n) ______________________________ requirements schedule.

______________________________ data marks the end of the conversion process and the movement of goods to the finished goods warehouse.