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Acc 272 Chapter 14

Teacher: Rebecca Brown
Across
Documents that identify the internal transfer of parts, the location to which they are transferred, and the time of the transfer. (Two words)
The goal is to minimize or eliminate inventories of raw materials, work in process, and finished goods. _____ manufacturing is also referred to as pull manufacturing because goods are produced in response to customer demand.
Materials _________: Authorizes the removal of the necessary quantity of raw materials from the storeroom to the factory location where production operations are to begin.
All manufacturing costs that are not economically feasible to trace directly to specific jobs or processes. This is manufacturing _____.
A cost system that assigns costs to specific production batches or jobs; it is used when the product or service being produced can be distinctly identified. (Three words)
A manufacturing approach in which much of the manufacturing process is performed and monitored by computerized equipment, in part through the use of robotics and real-time data collection of manufacturing activities. (Acronym)
A request by an organization or department for vendors to bid on hardware, software, or services. (Acronym)
_____ costing: A cost system that assigns costs to each step or work center, in the production cycle, and then calculates the average cost for all units produced.
Down
A cost system designed to trace costs to the activities that create them. Once costs are traced to their specific activities, they are allocated to their corresponding products or departments. (Acronym)
A document that specifies the labor and machine requirements needed to manufacture a product. It indicates how a product moves through the factory, specifying what is done at each step and how much time each operation should take. (Two words)
A document authorizing the manufacture of a specified quantity of a particular product. It lists the operations to be performed, the quantity to be produced, and the location to which the finished product is to be delivered. (Two words)
Manufacturing resource ________: An extension of materials resource planning that seeks to balance existing production capacity and raw materials needs to meet forecasted sales demands. Also referred to as push manufacturing because goods are produced in expectation of customer demand.
A document that specifies the part number, description, and quantity of each component used in a product. Bill of __________.
The recurring set of business activities and related data processing operations associated with the manufacture of products. This is the ____ cycle.
1) The total amount of useful work performed by a computer system during a given period of time. 2) A measure of production efficiency representing the number of "good" units produced in a given period of time.
Anything that has a cause-and-effect relationship to costs. For example: the number of purchase orders processed. (Two words)
A document used to collect data about labor activity by recording the amount of time a worker spent on each specific job task. This is a job-time _____.
Specifies how much of each product is to be produced during the planning period and when that production should occur. (Acronym)