ACCT INFO SYSTEMS (ACCESS CODE)
11th Edition
ISBN: 9781337599320
Author: GELINAS
Publisher: CENGAGE L
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Chapter 15, Problem 5P
Summary Introduction
To determine: The way to design the process that would attain the same control objectives using the periodic process.
Introduction:
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Explain briefly what the EOQ model is andhow it can be used to help establish an optimalinventory policy. Is the EOQ concept consistent withjust-in-time procedures for managing inventories?
Management and auditor are concerned about inventory control function in automated system? Why? How to mitigate this concern?
Which one of the following inventory management approaches determines the finished goods inventory level and then works backward until the raw material needs are determined?
A. Just-in-time
B. Extended EOQ
C. Materials requirements planning
D. Economic order quantity
Chapter 15 Solutions
ACCT INFO SYSTEMS (ACCESS CODE)
Ch. 15 - Prob. 1RQCh. 15 - Explain the three key drivers of complexity in...Ch. 15 - Describe the three key characteristics of...Ch. 15 - Prob. 4RQCh. 15 - Prob. 5RQCh. 15 - Prob. 6RQCh. 15 - Prob. 7RQCh. 15 - Prob. 8RQCh. 15 - Prob. 9RQCh. 15 - Prob. 10RQ
Ch. 15 - Prob. 11RQCh. 15 - Prob. 12RQCh. 15 - a. How are a bill of materials (BOM) and a routing...Ch. 15 - Prob. 14RQCh. 15 - Prob. 15RQCh. 15 - Prob. 16RQCh. 15 - Prob. 17RQCh. 15 - Prob. 18RQCh. 15 - Why is inventory management and control important...Ch. 15 - Prob. 21RQCh. 15 - Prob. 1DQCh. 15 - Prob. 3DQCh. 15 - What industry do you believe is a leader in...Ch. 15 - Prob. 5DQCh. 15 - Prob. 6DQCh. 15 - Prob. 7DQCh. 15 - Prob. 8DQCh. 15 - In addition to the industries mentioned in...Ch. 15 - A main goal of JIT is zero inventories. a. Assume...Ch. 15 - Prob. 11DQCh. 15 - Discuss how the inventory process supports the...Ch. 15 - Prob. 13DQCh. 15 - Prob. 14DQCh. 15 - Prob. 1SPCh. 15 - Prob. 2SPCh. 15 - Prob. 3SPCh. 15 - Prob. 4SPCh. 15 - Prob. 5SPCh. 15 - Study Figure 15.8, showing the level 0 DFD of the...Ch. 15 - Prob. 3PCh. 15 - Prob. 4PCh. 15 - Prob. 5PCh. 15 - Prob. 6PCh. 15 - Prob. 7P
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- A JIT inventory management system maintains which of the following? a. Goods should be pushed through the system on a fixed schedule based on anticipated demand. b. Goods should be pulled through the system by present demand. c. Total inventory costs are minimized by balancing setup and carrying costs. d. Inventories are needed to avoid stock-out costs.arrow_forwardIn your own words, what are the primary differences between impact analysis and inventory analysis?arrow_forwardAn example of a preventive control in the expenditure cycle is: A. Requiring management approval for large purchases B. Regular inventory counts C. Using firewalls and intrusion detection systems D. Conducting vendor audits.arrow_forward
- Expound the following two physical control for small tool inventory: 1) Organization should use scanners and other physical counting technology for small tool inventory because it is a high amount of quantity so it's need some technology. 2) Organization need to create proper designed location names and each item should be label where the item is stored.arrow_forwardDiscuss how the inventory process supports the production planning process and the risk to the production process if inventory process control goals are not achieved. Do not limit your discussion to losses from fraud.arrow_forwardWrite out the formula for the total costs of carrying and ordering inventory, and then use the formula to derive the EOQ model.arrow_forward
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