T F 1. Controllable costs result from a particular manager%u2019s action and dec
ID: 2376610 • Letter: T
Question
T F 1. Controllable costs result from a particular manager%u2019s action and
decisions.
T F 2. J.I.T. is a control mechanism for fixed assets.
T F 3. ABM is an information system that helps managers view the
organization as a collection of activities.
T F 4. Equivalent unit production is a key factor in calculating the number of
whole units produced in a period.
T F 5. Conversion costs are the combined cost of direct labor and
manufacturing overhead.
T F 6. Companies value customers based on sales and profits.
T F 7. J.I.T. philosophy required that all resources be acquired within a month
of actual products.
T F 8. Processing time is the actual amount of time working on a product.
T F 9. Moving time is the time moving a product out the door of a company.
T F 10. Queue time is the time a product spends waiting to be worked on once
it arrives at the next operations or department.
T F 11. A value added activity is one that adds or subtracts value to a product
or service as perceived by a customer.
T F 12. The supply chain leads from the suppliers of materials from which a
product is made to the final customer.
T F 13. A work cell is a production line that can perform all required operations
efficiently and continuously.
T F 14. Preventative maintenance of machinery is not important in operations
that employ J.I.T.
T F 15. Management accounting provides information for financial and non-
financial people in an organization.
Explanation / Answer
1)T
2)F
3)F
4)A
5)F
6)T
7)T
8)T
9)F
10)T
11)T
12)F]
13)F
14)F
15)T
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