Members of a Project Team Have Used FMEA to Calculate

question 4

Multiple Choice

Members of a project team have used FMEA to calculate the RPN for one of the risks it has identified. The RPN is 200. Which of the following combinations could have produced this score?

• A) Severity: 50, Likelihood: 100, Detection Difficulty: 50
• B) Severity: 100, Likelihood: 2, Detection Difficulty: 1
• C) Severity: 50, Likelihood: 2, Detection Difficulty: 10
• D) Severity: 199, Likelihood: 1, Detection Difficulty: 0
• E) Severity: 5, Likelihood: 5, Detection Difficulty: 8
• F) B and E both are possible
• G) A and D are both possible

Recognizing the implications of cost attachments to products and their effect on ending inventory valuation.

Identifying the role of cost drivers in assigning overhead costs and improving job cost accuracy.

Learning the components and utilization of job cost sheets in tracking and accumulating product costs.

Examining the impact of job-order costing system features on the accuracy and application of overhead costs.

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Definitions:

Homicide Rates

The frequency or number of homicides in a given population or area over a specified period of time.

Incarceration Rates

The number of individuals in a population who are confined in prison or jail, usually expressed per 100,000 population.

Non-Hispanic

A term used to refer to individuals or populations who do not identify with Hispanic or Latino ethnic groups.

Entitlements

Programs for which funding is mandatory and guaranteed by law to those who meet eligibility criteria, such as Social Security and Medicare.