100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
TEST BANK MANAGERIAL ACCOUNTING: CREATING VALUE IN A DYNAMIC BUSINESS ENVIRONMENT, 13TH EDITION BY RONALD HILTON $16.49   Add to cart

Exam (elaborations)

TEST BANK MANAGERIAL ACCOUNTING: CREATING VALUE IN A DYNAMIC BUSINESS ENVIRONMENT, 13TH EDITION BY RONALD HILTON

 10 views  0 purchase
  • Course
  • Managerial Accounting 13th Edition By Hilton
  • Institution
  • Managerial Accounting 13th Edition By Hilton

TEST BANK MANAGERIAL ACCOUNTING: CREATING VALUE IN A DYNAMIC BUSINESS ENVIRONMENT, 13TH EDITION BY RONALD HILTON

Preview 4 out of 904  pages

  • August 31, 2024
  • 904
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • managerial accounting
  • Managerial Accounting 13th Edition By Hilton
  • Managerial Accounting 13th Edition By Hilton
avatar-seller
Ascorers
TEST BANK MANAGERIAL ACCOUNTING: CREATING VALUE IN A DYNAMIC BUSINESS
ENVIRONMENT, 13TH EDITION BY RONALD HILTON



VVVVVVVVVVVVVVVVVVVVVVVVVV ***with answers keys***
V V




Appendix III V


1) The VEOQ Vmodel Vis Va Vmathematical Vtool Vfor Vdetermining Vthe Vorder Vquantity Vthat:
A) maximizes Vthe Vcosts Vof Vordering Vand Vholding Vinventory.
B) equals Vthe Vcosts Vof Vordering Vand Vholding Vinventory.
C) minimizes Vthe Vcosts Vof Vordering Vand Vholding Vinventory.
D) has Vno Veffect Von Vthe Vcosts Vof Vordering Vand Vholding
inventory.
V


E) none Vof Vthese Vanswers Vare correct.
V




2) Inventory Vdecisions Vinvolve Va Vdelicate Vbalance Vbetween Vwhich Vof Vthe Vfollowing
Vclasses Vof Vcosts?
A) Ordering Vcosts, Vadvertising Vcosts, Vand Vshipping Vcosts
B) Advertising Vcosts, Vholding Vcosts, Vand Vshortage Vcosts
C) Ordering Vcosts, Vholding Vcosts, Vand Vshortage Vcosts
D) Ordering Vcosts, Vshipping Vcosts, Vand Vshortage Vcosts
E) Shipping Vcosts, Vholding Vcosts, Vand Vshortage Vcosts



3) Which Vone Vof Vthe Vfollowing Vis Vtrue Vof Va Vjust-in-time V(JIT) Vsystem?
A) JIT Vsystem Vuses Va V“pull” Vapproach Vto Vcontrolling Vmanufacturing
B) Inventory Vof Vraw Vmaterials Vand Vparts Vare Vkept Vas Va Vbuffer
C) Inventory Vof Vpartially Vcompleted Vparts Vare Vkept Vas Va Vbuffer
D) Finished Vgoods Vare Vkept Vas Va Vbuffer
E) None Vof Vthe Vanswers Vare Vcorrect


4) Which Vone Vof Vthe Vfollowing Vis Vtrue Vof VEconomic VOrder VQuantity V(EOQ)?
A) The VEOQ Vapproach Vtakes Vthe Vview Vthat Vsome Vinventory Vis Vnecessary Vin
order Vto Voptimize Vthe Vorder Vquantity
V


B) Is Vcalculates Vas Vthe Vsquare Vroot Vof Vthe Vfollowing: V(2 V× Vannual Vrequirement V×
Vcost Vper Vorder) V÷ Vannual Vholding Vcost Vper Vunit


C) The Vgraphical Vapproach Vis Vone Vmethod Vof Vcalculating VEOQ
D) A Vmathematical Vtool Vfor Vdetermining Vthe Vorder Vquantity Vthat Vminimizes Vthe
Vcost Vof Vordering Vand Vholding Vinventory




1

,E) All Vof Vthe Vanswers Vare Vcorrect




2

,5) Which Vof Vthe Vfollowing Vis Va Vway Vthat VJIT Vefficiencies Vare Vachieved?
A) Negotiating Vlong-term Vsupply Vagreements
B) Eliminating Vinspections
C) Reducing Vthe Vnumber Vof Vvendors
D) Making Vless Vfrequent Vpayments
E) All Vof Vthe Vanswers Vare Vcorrect



6) Inventory Vholding Vcosts Vtypically Vinclude:
A) clerical Vcosts Vof Vpurchase-order Vpreparation.
B) costs Vof Vdeterioration, Vtheft, Vor Vspoilage.
C) costs Vassociated Vwith Vlost Vsales Vto Vcustomers.
D) forgone Vinterest Von Vmoney Vtied Vup Vin Vinventory.
E) both Vcosts Vof Vdeterioration, Vtheft, Vor Vspoilage Vand Vforgone Vinterest Von Vmoney Vtied
up Vin Vinventory.
V




7) Inventory Vholding Vcosts Vwould Vtypically Vinclude Vall Vof Vthe Vfollowing Vexcept:
A) insurance.
B) theft.
C) transportation.
D) obsolescence.
E) warehouse Vrent.



8) Which Vof Vthe Vfollowing Vis Vclassified Vas Van Vinventory Vshortage Vcost?
A) Purchase Vorder Vpreparation
B) Production Vdisruption
C) Lost Vsales Vand Vlost Vcustomers
D) Spoilage
E) Both Vproduction Vdisruption Vand Vlost Vsales Vand Vlost Vcustomers



9) At Vthe Veconomic Vorder Vquantity:
A) total Vannual Vinventory Vcosts, Vholding Vcosts, Vand Vordering Vcosts Vare Vall Vminimized.
B) total Vannual Vinventory Vcosts Vand Vholding Vcosts Vare Vminimized.
C) total Vannual Vinventory Vcosts Vare Vminimized, Vand Vholding Vcosts Vequal Vordering Vcosts.
D) total Vannual Vinventory Vcosts Vare Vminimized, Vand Vholding Vcosts Vexceed Vordering Vcosts.
E) total Vannual Vinventory Vcosts Vare Vminimized, Vand Vordering Vcosts Vexceed Vholding Vcosts.




3

, 10) Langdon VEnterprises Vuses Van Veconomic Vorder Vquantity Vmodel Vand Vhas Vdetermined Van
Voptimal Vorder Vsize Vof V2,200 Vunits. VAnnual Vdemand Vis V44,000 Vunits, Vordering Vcosts Vare
V$60 Vper Vorder, Vand Vholding Vcosts Vare V$6 Vper Vunit. VThe Vcompany's Vannual Vholding Vcosts


Vtotal:


A) $13,200.
B) $14,400.
C) $485,200.
D) $265,200.
E) none Vof Vthe Vanswers Vis Vcorrect.



11) Langdon VEnterprises Vuses Van Veconomic Vorder Vquantity Vmodel Vand Vhas Vdetermined Van
Voptimal Vorder Vsize Vof V500 Vunits. VAnnual Vdemand Vis V10,000 Vunits, Vordering Vcosts Vare V$50
Vper Vorder, Vand Vholding Vcosts Vare V$4 Vper Vunit. VThe Vcompany's Vannual Vholding Vcosts Vtotal:


A) $2,000.
B) $3,000.
C) $21,000.
D) $41,000.
E) none Vof Vthe Vanswers Vis Vcorrect.



12) Reflection VGraphics Vuses Va Vspecial Vpurpose Vpaper Von V80% Vof Vits Vjobs. VThe Vpaper Vis
Vpurchased Vin V310-sheet Vpackages Vat Va Vcost Vof V$310 Vper Vpackage. VManagement Vestimates
Vthat Vthe Vcost Vof Vplacing Vand Vreceiving Va Vtypical Vorder Vis V$36, Vand Vthe Vannual Vcost Vof


Vcarrying Va Vpackage Vin Vinventory Vis V$3.60. VReflection VGraphics Vuses V4,700 Vpackages Vof


Vpaper Veach Vyear. VProduction Vis Vconstant, Vand Vthe Vlead Vtime Vto Vreceive Van Vorder Vis Vtwo


Vweek.


The Veconomic Vorder Vquantity Vis Vapproximately:
Note: VRound Vyour Vfinal Vanswer Vto Vthe Vnearest Vwhole Vnumber.
A) 307 Vpackages.
B) 4,018 Vpackages.
C) 2,093 Vpackages.
D) 1,636 Vpackages.
E) 1,166 Vpackages.




4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Ascorers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $16.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$16.49
  • (0)
  Add to cart