問題一覧
1
The process of reducing total cost while improving strategic position of the business
strategic cost management
2
Who developed TQM?
william deming
3
continual process of detecting and reducing errors in manufacturing and ensuring employees are up to speed with training
total quality management
4
meaning of kaizen
change for better
5
japanese business philosophy regarding processes that continuously improve operations and involve employee
kaizen
6
involves setting of goals and budget preparation
planning
7
analysis of financial statement
control
8
performance of CVP analysis, relevant costing, variable
decision making
9
head of treasury
treasury director
10
head of accounting
controller
11
two types of accounting information
financial, managerial
12
is reported at fixed intervals in general purpose financial statement
financial accounting
13
designed to meet specific needs of company management
managerial accounting
14
provides objective measures of past operation
historical data
15
provides subjective estimate about future decision
estimated data
16
managerial accounting do not always have to be..?
a. prepared according to GAAP b. prepared at fixed interval c. prepared for the business as a whole
17
directly involved in providing goods or services to the customers of the company
line department
18
provides services, assistance and advice to the department with line or other staff responsibilities
staff department
19
controller is the...?
chief management accountant
20
used in developing the company's objectives and translating these objectives into courses of actions
planning
21
developing long term action to achieve company's objectives
strategic planning
22
involved period in strategic planning
5-10 years
23
develops short term actions for managing day to day operation
operational planning
24
process by which managers run day ti day operation
directing
25
monitoring operating results and comparing actual with expected results
controlling
26
philosophy of controlling which includes comparing actual and expected results
management by exception
27
feedback is also used by managers to support continuous process improvement
improving
28
philosophy of continually improvif busineee, employees, and products
continuous process improvement
29
inherent in each of preceding management process
decision making
30
operations of business can be classified as:?
service, merchandising, manufacturing
31
payment of cash or the commitment to pay cash in the future
cost
32
segment of operations
cost object
33
identified with and can be traces to a cost object
direct costs
34
cannot be identified with or traced to a cost object
indirect cost
35
cost of any material that is an integral part of the finished product
direct materials cost
36
cost of employee that in an integral part of finished product
direct labor cost
37
cost other than direct materials, and DL that are incurred to manufacturing prosses combined
factory overhead cost
38
cost of converting materials into finished product
conversion costs
39
consist of direct materials and direct labor cost
prime costs
40
consist of direct labor and factory overhead costs
conversion costs
41
both a prime cost and a conversion cost
direct labor
42
consist of manufacturing costs
product costs
43
consist of selling and administrative expenses
period costs
44
incurred in marketing the product and delivering products to customers
selling expenses
45
incurred in managing the company and are not directly related to the manufacturingor selling functions
administrative expenses
46
other term for materials inventory
raw materials inventory
47
this inventory consist of the cost of direct and indirect materials that have not entered the manufacturing process
materials inventory
48
hour by hour summary of activities throughout the day
time ticket
49
ticket in manufacturing overhead
direct labor
50
records the materials, labor, and manufacturing overhead cost charged to the job
job cost sheet
51
what is the cost formula
y=a+bx
52
what is x in the formula?
estimated total amount of allocation base
53
what is y in the formula?
estimated total manufacturing overhead cost
54
what is a in the formula?
estimated total fixed MOH cost
55
what is b in the formula?
estimated variable MOH cost per unit of allocation days
56
inventories or capitalizable costs
product cost
57
cost related to support production
period cost
58
varies directly proportional to activity level
variable cost
59
remains constant regardless of activity level
fixed cost
60
the elimination of the difference between applied overhead and actual overhead
disposition of over or under applied overhead
61
formula for predetermined overhead rate
estimated manufacturing overhead cost/estimated total units in the allocation base
62
formula in manufacturing overhead applied to products
actual direct labor hours worked x predetermined overhead rate
63
an inventory system which alligns raw materials order from supplier directly with production
just in time
64
3 types of inventory
materials, work in process, finished goods inventory
65
this inventory consist of DM, DL, FOH for products that entered the manufacturing process but is not yet completed
work in process inventory
66
this inventory consist of completed products that have not been sold
finished goods inventory
67
all manufacturing cost, fixed and variable are assigned to units of products
absorption costing
68
is a document that list the quantity of each type of direct materials meeded to complete the product
bill of materials
69
is a document that specifies the type and quantity of materials to be drawn
materials requisition form
70
assigning overhead jobs
overhead application
71
measure used to assign overhead costs
allocation base