Which of the following is not a product-level activity? A. Product design B. Engineering changes C. Inventory management D. Equipment setups
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- What are the objectives of a cost management information system?Define and explain the two major subsystems of the cost management information system.Which of the following best describes the activities of the production function?a. maintenance, inventory control, and production planningb. production planning, quality control, manufac-turing, and cost accountingc. quality control, production planning, manufac-turing, and payrolld. maintenance, production planning, storage, andquality controle. manufacturing, quality control, and maintenance
- What are unit-level, batch-level, product-level, customer-level, and organization-sustaining activities?Which of the following best describes the activities of the materials management function?a. purchasing, receiving, and inventory controlb. receiving, sales, distribution, and purchasingc. receiving, storage, purchasing, and accountspayabled. purchasing, receiving, and storagee. purchasing, storage, and distributionWhat is cost accounting system and operational control system?
- QUESTION 2 Product design is an example of which activity-level group? Product-level activity Unit-level activity Batch-level activity Facility-level activityHow are equipment setups classified? Batch-level activity Product-level activity Facility-level activity Unit-level activityPrepare a customer-cost hierarchy report
- how do management control systems contribute to ) Cost Management i) Planning and Control iI) Assigning responsibility for problem-solving. Designing a new product is an example of: a. Unit-level activity b Batch-level activity C Product-level activity d. Organization-sustaining activitySystems Concepts, Traditional versus Activity-Based Cost Accounting Systems The following items are associated with a traditional cost accounting information system, an activity-based cost accounting information system, or both (that is, some elements are common to the two systems): Required: 1. Select the appropriate categories for each of the following items: a. Usage of direct materials b. Direct materials cost assigned to products using direct tracing c. Direct labor cost incurrence d. Direct labor cost assigned to products using direct tracing e. Setup cost incurrence f. Setup cost assigned using number of setups as the activity driver g. Setup cost assigned using direct labor hours as the activity driver h. Cost accounting personnel i. Submission of a bid, using product cost plus 25 percent j. Purchasing cost incurrence k. Purchasing cost assigned to products using direct labor hours as the activity driver l. Purchasing cost assigned…
