51.In a lean environment, the journal entry to record raw materials purchases would include a credit to the rawmaterials inventory account.
a.True
b.False
52.In a lean environment, the journal entry to record raw materials purchases would include a debit to the raw and inprocess inventory account.
a.True
b.False
53.In a lean environment, the journal entry to record conversion costs would include a debit to the raw and in processinventory account.
a.True
b.False
54.In a lean environment, the journal entry to record conversion costs would include a debit to the manufacturingoverhead control account.
a.True
b.False
55.The budgeted cell conversion cost rate is very similar to the predetermined factory rate because both include onlyfactory overhead costs.
a.True
b.False
56.Costs of controlling quality include prevention costs and internal failure costs.
a.True
b.False
57.Prevention costs and appraisal costs are considered costs of controlling quality.
a.True
b.False
58.Costs of failing to control quality include prevention costs and external failure costs.
a.True
b.False
59.It is easier to quantify costs of controlling quality than the costs of failing to control quality.
a.True
b.False
60.By spending more in costs of controlling quality, the costs of failing to control quality will decrease.
a.True
b.False