Gender Studies homework help. 134. Which one of the following does not appear on the balance sheet of a manufacturing company?a. Finished goods inventoryb. Work in process inventoryc. Cost of goods manufacturedd. Raw materials inventoryAns: c, LO: 7, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: None, IMA: Reporting135. The equivalent of finished goods inventory for a merchandising firm is referred to asa. purchases.b. cost of goods purchased.c. inventory.d. raw materials inventory.Ans: c, LO: 7, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: None, IMA: Reporting136. How have many companies significantly lowered inventory levels and costs?a. They use activity-based costing.b. They utilize a balanced scorecard system.c. They have a just-in-time method.d. They focus on a total quality management system.Ans: c, LO: 8, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Reporting, AICPA PC: None, IMA: Reporting137. What term describes all activities associated with providing a product or service?a. The manufacturing chainb. The product chainc. The supply chaind. The value chainAns: d, LO: 8, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Legal/Regulatory, AICPA FN: Measurement, AICPA PC: None, IMA: FSA138. Which one of the following managerial accounting approaches attempts to allocate manufacturing overhead in a more meaningful fashion?a. Balanced scorecardb. Just-in-time inventoryc. Activity-based costingd. Total-quality managementAns: c, LO: 8, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Industry/Sector, AICPA FN: Decision Modeling, AICPA PC: None, IMA: Performance Measurement 139. What is “balanced” in the balanced scorecard approach?a. The number of products producedb. The emphasis on financial and non-financial performance measurementsc. The amount of costs allocated to productsd. The number of defects found on each productAns: b, LO: 8, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Industry/Sector, AICPA FN: Decision Modeling, AICPA PC: None, IMA: Performance Measurement140. Which one of the following characteristics would likely be associated with a just-in-time inventory method?a. Ending inventory of work in process that would allow several production runsb. A backlog of inventory orders not yet shippedc. Minimal finished goods inventory on handd. An understanding with customers that they may come to the showroom and select from inventory on handAns: c, LO: 8, Bloom: K, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Industry/Sector, AICPA FN: Decision Modeling, AICPA PC: Project Management, IMA: Business Economics