​Which of the Following Statements Is True of a Traditional

question 95

Multiple Choice

​Which of the following statements is true of a traditional production process?

• A) ​It focuses on reducing time and cost and eliminating poor quality.
• B) ​It emphasizes on continually improving the manufacturing process and product quality.
• C) ​In a traditional production process, supervisors enter materials into manufacturing so as to keep all the manufacturing departments (processes) operating.
• D) ​In a traditional production process, service activities may be assigned to individual work centers, rather than to centralized service departments.

Recognize the structure and purpose of a cost of production report.

Learn the application of the FIFO and average costing methods in process costing.

Understand how indirect materials are treated in process costing.

Discover the importance of lean manufacturing in reducing unit costs.

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Definitions:

UCC

The Uniform Commercial Code represents an extensive collection of statutes that regulate business dealings in the United States.

Requirement

A condition or qualification that must be met or complied with, such as a rule, standard, or specification.

Exceptions

Specific conditions or cases for which the general rule does not apply.

Firm Offers

In contract law, promises made by a seller to hold an offer open to a buyer for a certain period without requiring consideration.