Homework Answers
6 . B Operational planning
7. A Monitor day to day operations to ensure that processes are operating as expected
8. D Performance review
9. D decision making
10. B variance analysis of actual vs budgeted Inventory
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6. Short-term planning is often referred to as a. strategic planning. b. operational planning. c. goal-oriented...
The Operational Planning Pyramid was presented in a class handout and discussed on the slides. Which...
The Operational Planning Pyramid was presented in a class handout and discussed on the slides. Which of the following statements regarding that handoutdiscussion is are not true? a The operations pyramid is one side of a multi-sided pyramid. Other functional areas (marketing, finance, etc.) would have their own sides of the pyramid. b. The business plan is at the top of the pyramid. As you move from the top to the bottom of the pyramid, you move from short-term to...
29. A major difference between facilities planning and scheduling is that: A. Facilities planning...
29. A major difference between facilities planning and scheduling is that: A. Facilities planning refers to long-range capacity plan and scheduling refers to short-range capacity plan. B. Facilities planning is concerned with allocating available resources and scheduling with the acquisition of resources. C. Facilities planning refers to medium-range resource requirement and scheduling refers to long-range capacity requirement. D. None of the above. 30. Suppose the cost of not having adequate capacity is very high. What type of capacity cushion strategy...
29. A major difference between facilities planning and scheduling is that: A. Facilities planning refers to...
29. A major difference between facilities planning and scheduling is that: A. Facilities planning refers to long-range capacity plan and scheduling refers to short-range capacity plan. B. Facilities planning is concerned with allocating available resources and scheduling with the acquisition of resources. C. Facilities planning refers to medium-range resource requirement and scheduling refers to long-range capacity requirement. D. None of the above. 30. Suppose the cost of not having adequate capacity is very high. What type of capacity cushion strategy...
9-1 A budget a. b. c. is a long-term plan. covers at least 2 years. is only a control tool. d. is...
9-1 A budget a. b. c. is a long-term plan. covers at least 2 years. is only a control tool. d. is a short-term financial plan. e. is necessary only for large firms 9-2 Which of the following is part of the control process? Monitoring of actual activity Comparison of actual with planned activity Taking corrective action All of these. d. a. b. c. Investigating 9-3 Which of the following is not an advantage of budgeting? It provides a standard...
Which one of the following are the components of the financial budgets? a. Budgeted statement of...
Which one of the following are the components of the financial budgets? a. Budgeted statement of profit or loss, budgeted statement of financial position, cash budget and capital expenditure budget. b. Budgeted statement of profit or loss, sales/fees budget and cash budget. c. Operating budget and production budget. d. Capital expenditure budget and manufacturing budget. Which one of the following statements about a budget is correct? a. Budget targets are always impossible to meet. b. Budgets must be prepared by...
1. Facilities planning refers to: A. Medium-range capacity decisions B. Have no impact on other c...
1. Facilities planning refers to: A. Medium-range capacity decisions B. Have no impact on other capacity decisions C. Are long-term in nature. D. Require planning for one year or less 2. Under exponential smoothing, if we want the forecast for the next period to be closer to current period actual demand, the value of alpha (a) should be: A. Large (close to 1.0) B. Small (close to zero) C. Zero D. The value of alpha will have no impact on...
1. All of the following are examples of money-market investments EXCEPT a) money-market funds. b) term...
1. All of the following are examples of money-market investments EXCEPT a) money-market funds. b) term deposits. c) treasury bills. d) shares of a privately held corporation. 2. Under the equity method of accounting for long-term investments in common shares, when a dividend is received from the investee company, a) the Dividend Revenue account is credited. b) the Investment in Associate account is increased. c) the Investment in Associate account is decreased. d) no entry is necessary 3. If a...
ACC2310_LAB_1 (2) - Protected View - Saved - O Search esign Layout virkjashne References Mailings Review...
ACC2310_LAB_1 (2) - Protected View - Saved - O Search esign Layout virkjashne References Mailings Review View Help the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 1.1.1.2.1.3 1.4 1.5 1.6 1.7 1.89.1.10 11 12 13 14 15 1 16 Managerial Accounting Lab 1 EXERCISE 1-1 Differentiating Between Managerial and Financial Accounting (L01 - CC2] Classify the following activities as primarily managerial accounting or financial accounting: a. Preparing a cash...
E) Only (a) and (b) above 15. In project scheduling, when three time estimates are given...
E) Only (a) and (b) above 15. In project scheduling, when three time estimates are given for each activity i just one time estimate, the project scheduling method used is called: A) CPM B) PERT D) Kanban E) None of the above 16. With regard to time horizons in capacity planning, aggregate planning differs scheduling in that aggregate planning: A) is for the long-range and scheduling is for the short-range. B) is for the short-range and scheduling is for medium-range....
6. What is the primary goal of accounting? A. To set long-term goals and objectives. B....
6. What is the primary goal of accounting? A. To set long-term goals and objectives. B. To arrange for the necessary resources to achieve a plan. C. To provide information for decision making. D. To motivate employees to work towards a plan's success. 1. Manufacturing overhead was estimated to be $250,000 for the year along with 20,000 direct labor hours Actual manufacturing overhead was $225.000, and actual direct labor hours were 19.000. Which of the following would be correct? A....
The Operational Planning Pyramid was presented in a class handout and discussed on the slides. Which of the following statements regarding that handoutdiscussion is are not true? a The operations pyramid is one side of a multi-sided pyramid. Other functional areas (marketing, finance, etc.) would have their own sides of the pyramid. b. The business plan is at the top of the pyramid. As you move from the top to the bottom of the pyramid, you move from short-term to...
9-1 A budget a. b. c. is a long-term plan. covers at least 2 years. is only a control tool. d. is a short-term financial plan. e. is necessary only for large firms 9-2 Which of the following is part of the control process? Monitoring of actual activity Comparison of actual with planned activity Taking corrective action All of these. d. a. b. c. Investigating 9-3 Which of the following is not an advantage of budgeting? It provides a standard...
1. All of the following are examples of money-market investments EXCEPT a) money-market funds. b) term deposits. c) treasury bills. d) shares of a privately held corporation. 2. Under the equity method of accounting for long-term investments in common shares, when a dividend is received from the investee company, a) the Dividend Revenue account is credited. b) the Investment in Associate account is increased. c) the Investment in Associate account is decreased. d) no entry is necessary 3. If a...
ACC2310_LAB_1 (2) - Protected View - Saved - O Search esign Layout virkjashne References Mailings Review View Help the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 1.1.1.2.1.3 1.4 1.5 1.6 1.7 1.89.1.10 11 12 13 14 15 1 16 Managerial Accounting Lab 1 EXERCISE 1-1 Differentiating Between Managerial and Financial Accounting (L01 - CC2] Classify the following activities as primarily managerial accounting or financial accounting: a. Preparing a cash...
E) Only (a) and (b) above 15. In project scheduling, when three time estimates are given for each activity i just one time estimate, the project scheduling method used is called: A) CPM B) PERT D) Kanban E) None of the above 16. With regard to time horizons in capacity planning, aggregate planning differs scheduling in that aggregate planning: A) is for the long-range and scheduling is for the short-range. B) is for the short-range and scheduling is for medium-range....
6. What is the primary goal of accounting? A. To set long-term goals and objectives. B. To arrange for the necessary resources to achieve a plan. C. To provide information for decision making. D. To motivate employees to work towards a plan's success. 1. Manufacturing overhead was estimated to be $250,000 for the year along with 20,000 direct labor hours Actual manufacturing overhead was $225.000, and actual direct labor hours were 19.000. Which of the following would be correct? A....
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