Which of the Following Statements About SimQuick Is TRUE

question 42

Multiple Choice

Which of the following statements about SimQuick is TRUE?

• A)SimQuick requires some knowledge of programming languages,such as VISUAL BASIC or C++.
• B)SimQuick can be used to simulate the flow of materials,but cannot be used to study the process flows that involve people or information.
• C)SimQuick is an easy-to-use package that is simply an Excel spreadsheet with some macros.
• D)The primary disadvantage of SimQuick is that it is more costly and more difficult to set up when compared to other models,such as SIMPROCESS and ProModel.

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Definitions:

Estimated Total Manufacturing Overhead

The anticipated total costs associated with the indirect expenses of producing goods, such as utilities and rent for the manufacturing facility.

Job-Order Costing System

An accounting method that assigns costs to specific production jobs or batches and is used when the products produced are sufficiently distinct from each other.

Predetermined Overhead Rate

A rate calculated before the fiscal year begins, used to estimate the manufacturing overhead for each unit of production.

Machine-Hours

A measure of production output or activity based on the number of hours machinery is operated.