Data for a Factory -
Open-Book Accounting Is a Management Accounting Technique with the

question 23

Multiple Choice

Data for a factory
$\begin{array}{ll}\text { Total factory cost } & £ 10,000 \\\text { Total time au ailable on key resource (hours) } & 2,500 \\\text { Contribution per unit product A } & £ 34.00 \\\text { Contribution per unit product B } & £ 30.00 \\\text { Contribution per unit product C } & £ 22.00 \\\text { Contribution per unit product D } & £ 20.00 \\\text { Hours required product A } & 12.0 \\\text { Hours required product B } & 6.0 \\\text { Hours required product C } & 6.0 \\\text { Hours required product D } & 8.0\end{array}$

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Open-book accounting is a management accounting technique with the following important supply chain implications

• A)Progressive cost cuts are required from suppliers
• B)Enables JIT supply and purchasing based on knowledge of suppliers
• C)Sharing of cost and output data enables benefits of partnership sourcing
• D)Synchronisation of production plans

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Definitions:

Retinal Detachment

A serious condition where the retina, the light-sensitive layer of tissue at the back of the inner eye, becomes separated from its supporting layers, often leading to significant vision loss or blindness if not promptly treated.

Macular Degeneration

A medical condition that results in vision loss due to the deterioration of the central portion of the retina, known as the macula.

Myopia

A common vision condition also known as nearsightedness, where distant objects appear blurry while close objects can be seen clearly.

Hyperopia

A vision condition, also known as farsightedness, where distant objects are seen more clearly than nearby objects due to the eye's shape.