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CA Final Specialist Cost Management Techniques — practice questions — page 3

Explore 84 free Specialist Cost Management Techniques questions in CA Final Cost and Management Accounting. Open each question or exercise to read its content, reference answers and available explanation.

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Specialist Cost Management Techniques questions and exercises with answers

Showing questions 61–84 of 84.

Backflush accounting ignores labour variances and what else?Read the answer and worked solution →Backflushing suits a business with what kind of cycle time?Read the answer and worked solution →Where do backflush component quantities come from?Read the answer and worked solution →Backflushing suits materials with what link to the product?Read the answer and worked solution →Which system, shortened to MES, captures real production data?Read the answer and worked solution →Perpetual inventory systems involve what versus periodic ones?Read the answer and worked solution →What is the first of the five focusing steps in TOC?Read the answer and worked solution →Which TOC step follows identifying the constraint?Read the answer and worked solution →In TOC, subordinating means aligning everything else to what?Read the answer and worked solution →POOGI in TOC stands for the process of what?Read the answer and worked solution →In TOC, which measure is the money invested in things meant to be sold?Read the answer and worked solution →TOC defines operational expense as money spent to turn what into throughput?Read the answer and worked solution →A constraint in TOC is anything that prevents the system from what?Read the answer and worked solution →Which is a named type of internal constraint in TOC?Read the answer and worked solution →In TOC buffer management, which colour signals action required?Read the answer and worked solution →What is the material flow pattern in a TOC V-plant?Read the answer and worked solution →Which TOC plant type has a one-to-one assembly line sequence?Read the answer and worked solution →Raising overall system throughput requires more flow through what?Read the answer and worked solution →How many constraints does a TOC system typically have?Read the answer and worked solution →TOC applied to finance and accounting is called what?Read the answer and worked solution →In lean, producing more than currently needed is which waste?Read the answer and worked solution →In lean, inactive periods caused by job queues are which waste?Read the answer and worked solution →In lean, reworking avoidable errors is which waste?Read the answer and worked solution →Working beyond the standard the customer expects is which lean waste?Read the answer and worked solution →

Worked practice questions

Backflush accounting ignores labour variances and what else?

  1. Work-in-process
  2. Finished goods
  3. Sales returns
  4. Raw materials
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Correct answer: A. Work-in-process

With costs recorded only at completion, no work-in-process account is kept and labour variances are not tracked.

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Backflushing suits a business with what kind of cycle time?

  1. Irregular cycle
  2. Short cycle
  3. Seasonal cycle
  4. Very long cycle
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Correct answer: B. Short cycle

It works where the overall business cycle is short and inventory is low, and is inappropriate for long production processes.

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Where do backflush component quantities come from?

  1. Prior month usage
  2. Latest supplier invoice
  3. Weekly shop count
  4. Standard bill of material
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Correct answer: D. Standard bill of material

Component numbers and quantities are read from the standard bill of material when the finished part is reported.

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More Cost and Management Accounting topics

Cost Volume Profit Analysis and Pricing DecisionsActivity-Based Costing and ManagementStrategic Performance MeasuresLean Manufacturing and KaizenIntroduction to Strategic Cost ManagementTotal Quality ManagementStrategic Performance ManagementPerformance Measurement and Variance Reporting