ACCT 434 Week 7 Quality Control Inventory Management ACCT 434 Week 6 Customer Profitability Capital Budgeting ACCT 434 Week 5 Pricing Decisions Management Control Systems ACCT 434 Week 4 Midterm Exam ACCT 434 Week 3 Cost Behavior Decision Making Quality ACCT 434 Week 2 Master Budget Flexible Budgets ACCT 434 Week 1-7 All Discussion Questions (Devry) ACCT 434 Week 1 Quiz Activity Based Costing ACCT 434 Entire Course Advanced Cost Management

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1.Question :(TCO 11)The four cost categories in a cost of quality
program are
2.Question :(TCO 11) ________ is a formal means ofdistinguishing
between random and nonrandom variation in an operatingprocess.
3.Question :(TCO 11) Which of the following is NOT one of the steps in
managingbottlenecks under the theory of constraints?
4.Question :(TCO 11)Scrap is an example of
5.Question :(TCO 11) Regal Products has a budget of $900,000 in 20X6
for prevention costs. If it decides to automate a portion of its prevention
activities, it will save $60,000 in variable costs. The new method will
require $18,000 in training costs and $120,000 in annual equipment
costs. Management iswilling to adjust the budget for an amount up to the
cost of the new equipment. The budgeted production level is 150,000
units. Appraisal costs for the year are budgeted at $600,000. The new
prevention procedures will save appraisal costs of $30,000. Internal
failure costs average $15 per failed unit of finished goods. The internal
failure rate is expected to be 3%of all completed items. The proposed
changes will cut the internal failure rate by one-third. Internal failure
units are destroyed. External failure costs average $54 per failed unit.
The company's average external failuresaverage 3% of units sold. The
new proposal will reduce this rate by 50%. Assume all units produced
are sold and there are no ending inventories. How much will appraisal
costs change assuming the new prevention methods reduce material
failures by 40% in the appraisal phase?

2. 6.Question :(TCO 12) Which of the following is NOT a major feature of
a just-in-timeproduction system?
7.Question :(TCO 12)Quality costs include
8.Question :(TCO 12) Which of the following statements about
theeconomic-order-quantity decision model is FALSE?
9.Question :(TCO 12) When using a vendor-managed inventory system
to enhance thefeatures of supply-chain management, a challenging issue
is
10.Question :(TCO 12) Liberty Celebrations, Inc., manufactures a line of
flags. The annual demand for its flag display is estimated to be 100,000
units. The annual cost of carrying one unit in inventory is $1.60, and the
cost to initiate a production run is $40. There are no flag displays on
hand butLiberty had scheduled 60 equal production runs of the display
sets for the coming year, the first of which is to be run immediately.
Liberty Celebrations has 250 business days per year. Assume that sales
occur uniformly throughout the year and that production is
instantaneous.
If Liberty Celebrations does not maintain a safety stock, the estimated
total carrying cost for the flag displays for the coming year is