Accounting Mcqs – MCQs

1591 questions. Click to practice.

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1.Given that the value-added time in manufacturing is 65 minutes and the entire manufacturing duration is 80 minutes, what is the manufacturing cycle efficiency?

2.What metric is obtained by dividing the value-added manufacturing time by the total manufacturing time?

3.Which elements are typically represented in cause and effect diagrams?

4.Given that the direct material cost included in the cost of goods sold is $5,000 and the total sales revenue amounts to $9,000, what is the throughput contribution?

5.Which of the following are examples of metrics related to customer satisfaction and responsiveness?

6.What term describes the expenses incurred to avoid producing defective products?

7.What is obtained by multiplying the total production time by the manufacturing cycle efficiency?

8.What is the name of the graph that displays a sequence of consecutive observations of a particular process, operation, or step recorded at consistent time intervals?

9.Which category do improvements in setup time, manufacturing cycle efficiency, and average production time for critical products belong to?

10.What term describes the duration from when a customer places an order until they receive the delivery?

11.What is calculated by dividing the count of employees who report high satisfaction scores by the total number of employees surveyed?

12.What term best describes the total of direct material costs, building expenses, equipment costs, and research and development expenditures?

13.What is another term commonly used for statistical quality control?

14.What term describes the total duration combining both production and waiting periods for an order?

15.Which category do carrying costs of inventory and price reductions due to late deliveries fall under?

16.What is the term for the ratio obtained by dividing the number of employees who have left the organization by the average total number of employees?

17.Given that 40 employees have resigned out of a total workforce of 200, what is the employee turnover rate?

18.Which term describes the total of expenses like wages, salaries, depreciation, utilities, and rent?

19.What is the official method used to distinguish between random and non-random variations in a manufacturing process called?

20.Given a manufacturing cycle efficiency of 0.725 and a total production time of 45 minutes, what is the value-added manufacturing time?