How can a firm control against excessive quantities of raw materials being used in the manufacturing process?

Q: Is the cost of disposing of hazardous waste materials result-ing from factory operations a product…

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Q: What risks exist in a production conversion cycle?

A: The following are some of the risks that exists in the conversion cycle:   Authorization of…

Q: In a process account, abnormal losses are valued: A. at their scrap value. B. the same as good…

A: 1 An odd loss happens whilst anticipated output exceeds real output. 2 The scrap value of an odd…

Q: Why is the output of a JIT system likely to contain fewerdefective units than the output of a…

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Q: Providing the power required to run production equipment is an example of unit-level activity. Why…

A: SOLUTION- Unit‐level activities occur every time a service is performed or a product is made. The…

Q: How does the production order record provide a control over the quantity of materials used in…

A: A production order is an order issued in a company to produce a particular quantity of materials…

Q: How does the existence of excess production capacity affect the decision to accept or reject a…

A: Special order:   The order received from special customers except regular customers at special price…

Q: Why is it important to consider the relationship among cost, quality, and selling prices when…

A: The question has covered the relationship between Cost, Quality , and Selling Price For setting up…

Q: The type of processing structure that is used for producingdiscrete products at a controlled rate is

A: The type of processing structure that is used for producingdiscrete products at a controlled rate is…

Q: Which of the following is not a feature of a process production system?  Repetitive production…

A: Production process system is that which is used for a large level of production and where continuous…

Q: The risks associated with the company’s conversion cycle are: a)Material usage is not properly…

A: Cash Conversion cycle is the duration of time taken by a company to convert its = Cash- Raw…

Q: management consider in determining the amount of onvestment in ma

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Q: What is meant by the statement, ‘‘Inventories camouflage production problems and can cause…

A: Production: Production activity consist use of fixed and variable resources to produce final…

Q: How does the adoption of a JIT approach to manufacturing affect process costing?

A: Introduction: JIT (JUST IN TIME); In a just-in-time (JIT) inventory control system, products are…

Q: Identify  the compliance and/or regulatory issues influencing the  the cost of the products made.…

A: Government and regulatory issues can have a variety of effects on the cost of numerous goods and…

Q: Is it possible to control financial totals without physicalcontrol of materials in manufacturing?

A: Manufacturing is the process of large scale production of materials that is generally done through…

Q: Which element of the value chain would depreciation on a factory be classified as? Design…

A: Depreciation on factory would be classified as production

Q: the belief that materials should arrive exactly when they are needed for production rather than…

A: Inventory: It refers to the items held by an organization which were in various forms like raw…

Q: Define constraint resources within a manufacturing company ?

A: Constraint Resources In a simple term constraint resources is defined as it is a shorter span of…

Q: A). What are inventories? Why are they important to manufacturing companies?

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Q: Discuss the fundamental risk and control issues associated with fixed assets that are different from…

A: Fixed Asset: The asset used by company for more than one year is known as fixed asset. Fixed asset…

Q: How does lean manufacturing differ from the conventional manufacturing process?

A: Lean ManufacturingThe main objective of lean manufacturing is to yield products with high quality,…

Q: How are spoiled units accounted for in Process Costing?

A: Spoiled Units refers to the units which does not meet the required standards for quality and utility…

Q: How do you compute the raw materials used in production?

A: The raw material consumed in the production is both by way of direct material consumed and indirect…

Q: Explain how a production quota used to evaluate a supervisor who can adversely affect quality…

A: Production Quota It refers to the goal or target of production by the management.Quotas are set…

Q: Explain briefly how with examples

A: Environmental accounting: It is the process of reporting the usage of natural resources available in…

Q: NOT relevant to the calculation of the economic order quantity of a raw material:

A: Economic order quantity = [2*Ordering cost * Demand/Holding cost]^1/2 [Note: Demand is based on…

Q: What is the appropriate measure of a product's value when a firm is operating under production…

A: Production Bottleneck:   Production Bottleneck is a situation of constraint in the manufacturing…

Q: in a job-order costing system, the recovery value of scrap that is significant in economic value,…

A: in a job-order costing system, the recovery value of scrap that is significant in economic value,…

Q: How are cost of production reports used for controlling and improving operations?

A: Production cost report: A production cost report is a comprehensive report prepared for each…

Q: characteristic of a lean production layout?

A:

Q: What features of the cost accounting system would be expected to prevent the omission ofrecording…

A: Cost accounting is the branch of Accountancy associated with the cost of materials used in the…

Q: ?Which of the following costs is not related to a batch-related activity .Compliance costs .a…

A: A batch-related activity refers to the activity that is carried out in batches of units. There are a…

Q: Explain how a production quota used to evaluate a supervisor can adversely affect quality control,…

A: Production Quota: The target or the quota provided by the management of achieving desired…

Q: Identify the control document for materials flow when a materials requisition slip is not used.

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: What type of account would a manufacturing company use to record materials used throughout the…

A: Manufacturing Company:- These are those companies which engage in the production of goods by…