A push through system, according to which goods are manufactured for finished inventory solely, on the basis of forecasted demand can be classified as ___________?

Related Mcqs:

1. The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?

   A. budget production
   B. planned production
   C. setup production
   D. stand by production

2. The cost of manufactured goods is added into beginning inventory, and the amount equal to cost of sold goods are added into ___________?

   A. minus beginning inventory
   B. minus ending inventory
   C. plus ending inventory
   D. plus beginning inventory

3. The costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as ___________?

   A. carrying costs
   B. purchasing costs
   C. stock-out costs
   D. ordering costs

4. The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as __________?

   A. proration approach
   B. appreciation approach
   C. depreciation approach
   D. adjusted approach

5. The sum of beginning work in process inventory units and started units, is subtracted from the sum of ending work in process inventory units and transferred out units of goods, to calculate ____________?

   A. Gross weighted spoilage
   B. inventoriable spoilage
   C. partial spoilage
   D. total spoilage

6. If the budget sales units are 8000, the ending inventory is 2000 units and the beginning inventory is 3000, then the budget production would be ___________?

   A. 11000 units
   B. 13000 units
   C. 10000 units
   D. 7000 units

7. The companies in the industry that purchase the finished goods, and further sell the products into the market are classified as ______________?

   A. service sector companies
   B. raw material companies
   C. manufacturing sector companies
   D. merchandising sector companies

8. The production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as ____________?

   A. reduced work
   B. spoilage
   C. rework
   D. scrap

9. An approach in which, the over allocated and under allocated is spread in, ending balance of finished goods control, is called ___________?

   A. allocation approach
   B. unadjusted approach
   C. proration approach
   D. adjusted approach

10. The stage in production process, where the manufactured goods are checked; whether the units are acceptable or not is classified as __________?

    A. rework point
    B. inspection point
    C. spoilage point
    D. scrap point