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

Gender Studies homework help