ACCTMIS 3600 EXAM 3 2025 QUESTIONS
AND ANSWERS
The production cycle is a recurring set of ___ and ____associated with the manufacture of
products - ANS Business activities and related information processing operations
What are the manufacturing control objectives? (3) - ANS Support decision making with
impactful cost information
Safeguard assets
Support optimizing of manufacturing processes
What business activities are performed in the production cycle? (4) - ANS Product design
Planning and scheduling
Production operations
Cost accounting
What production cycle activity are accountants primarily involved in? - ANS Cost accounting
True or False: Accountants are primarily involved in cost accounting but must understand the
other processes well enough to design an AIS that supports these activities - ANS True
What key documents are produced/used in product design? (3) - ANS Bill of materials
Operations List
1 @COPYRIGHT THEBRIGHT 2025/2026
, Labor standards
Specifies the part number, description and quantity of each component to be used in a finished
product - ANS Bill of materials
Lists the sequence of steps required to produce each product, including the equipment needed
and the amount of time required - ANS Operations List
Specifies the required labor for each step in the process - ANS Labor standards
At what stage of the production cycle are 65-80% of costs determined? - ANS Product design
At this stage, AIS need to measure and collect needed data to minimize costs - ANS Product
design
What is the objective of the planning and scheduling activity of the production cycle? -
ANS Develop a production plan that meets existing orders, anticipates shorter-term demand
while still minimizing inventories of both raw materials and finished goods, and minimizes costs
(maximizes efficient use of resources)
What are the 2 production planning methods? - ANS Manufacturing Resource Planning
(MRP)
Lean Manufacturing
Seeks to balance existing production capacity and raw materials needs to meet forecasted sales
demands
Ofter referred as push manufacturing bc goods are produced in expectation of customer
demand
2 @COPYRIGHT THEBRIGHT 2025/2026
AND ANSWERS
The production cycle is a recurring set of ___ and ____associated with the manufacture of
products - ANS Business activities and related information processing operations
What are the manufacturing control objectives? (3) - ANS Support decision making with
impactful cost information
Safeguard assets
Support optimizing of manufacturing processes
What business activities are performed in the production cycle? (4) - ANS Product design
Planning and scheduling
Production operations
Cost accounting
What production cycle activity are accountants primarily involved in? - ANS Cost accounting
True or False: Accountants are primarily involved in cost accounting but must understand the
other processes well enough to design an AIS that supports these activities - ANS True
What key documents are produced/used in product design? (3) - ANS Bill of materials
Operations List
1 @COPYRIGHT THEBRIGHT 2025/2026
, Labor standards
Specifies the part number, description and quantity of each component to be used in a finished
product - ANS Bill of materials
Lists the sequence of steps required to produce each product, including the equipment needed
and the amount of time required - ANS Operations List
Specifies the required labor for each step in the process - ANS Labor standards
At what stage of the production cycle are 65-80% of costs determined? - ANS Product design
At this stage, AIS need to measure and collect needed data to minimize costs - ANS Product
design
What is the objective of the planning and scheduling activity of the production cycle? -
ANS Develop a production plan that meets existing orders, anticipates shorter-term demand
while still minimizing inventories of both raw materials and finished goods, and minimizes costs
(maximizes efficient use of resources)
What are the 2 production planning methods? - ANS Manufacturing Resource Planning
(MRP)
Lean Manufacturing
Seeks to balance existing production capacity and raw materials needs to meet forecasted sales
demands
Ofter referred as push manufacturing bc goods are produced in expectation of customer
demand
2 @COPYRIGHT THEBRIGHT 2025/2026
