1. If a production assembly line bottlenecks at the packaging station, managemen

Question

1. If a production assembly line bottlenecks at the packaging station, management should apply the Lean approach. Agree or Disagree
Agree. Management should cut down the length of waiting lines (i.e., make the lines more lean).
Disagree. Management should focus on the Theory of Constraints.

Question 7

Social responsibility as to do with:
Answer Serving the community, customers, employees, and all outside stakeholders.
Ethics, treating people fairly.
.
3 points
Question 8

Accountants who earn a certification in managerial accounting are called:
Answer Certified Accounting Managers
Certified Management Accountants
.
3 points
Question 9

The wages of factory maintenance personnel would usually be considered to be:
Indirect Labor Manuf. Overhead
Answer No Yes
Yes No
Yes Yes
No No
.
3 points
Question 10

Conversion cost consists of which of the following?
Answer Manufacturing overhead cost.
Direct materials and direct labor cost.
Direct labor cost.
Direct labor and manufacturing overhead cost.
.
3 points
Question 11

Which of the following costs is an example of a period rather than a product cost?
Answer Depreciation on production equipment.
Wages of salespersons.
Wages of production machine operators.
Insurance on production equipment.
.
3 points
Question 12

Variable cost:
Answer increases on a per unit basis as the number of units produced increases.
remains constant on a per unit basis as the number of units produced increases.
remains the same in total as production increases.
decreases on a per unit basis as the number of units produced increases.
.
3 points
Question 13

Which of the following statements regarding fixed costs is incorrect?
Answer Expressing fixed costs on a per unit basis usually is the best approach for decision making.
Fixed costs expressed on a per unit basis will decrease with increases in activity.
Total fixed costs are constant within the relevant range.
Fixed costs expressed on a per unit basis will increase with decreases.

Question 17

The following costs were incurred in September:
Direct materials

Explanation / Answer

erving the community, customers, employees, and all outside stakeholders. Certified Accounting Managers Yes No Direct materials and direct labor cost. Total fixed costs are constant within the relevant range. $137,000 $62000

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