Solved

Presented Below Is a List of Terms Relating to Accounting

Question 114

Short Answer

Presented below is a list of terms relating to accounting information systems,followed by definitions of those terms.
Required: Match the letter next to each definition with the appropriate term.Each answer will be used only once.
________ 1.RTGs
________ 2.Job costing
________ 3.Reorder point
________ 4.Economic order quantity (EOQ)
________ 5.Just-in-time production
________ 6.Computer-integrated manufacturing
________ 7.Flexible manufacturing system (FMS)
________ 8.Finite element analysis
________ 9.Job
________ 10.Fixed asset register
A.A synonym for production order
B.Documents that indicate the sequence of operations required to manufacture a product
C.A system in which items are only produced as they are required in subsequent operations
D.The order quantity that minimizes total inventory cost.
E.A systematic list of assets such as land,buildings,machines,and equipment that is maintained for control purposes
F.A CAM system that incorporates programmable production processes that can be quickly reconfigured to produce different types of products
G.A mathematical model used to determine mechanical characteristics,such as stresses of structures under load
H.Integrates the physical manufacturing system and the manufacturing resource planning (MRP II)systems
I.The level of inventory at which it is desirable to order or produce additional items to avoid an out-of-stock condition
J.Production costs are assigned to production orders

Correct Answer:

verifed

Verified

1.B,2.J,3....

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents