Manufacturing Quiz
Manufacturing Knowledge Assessment
Test your expertise in manufacturing processes with our comprehensive quiz designed for professionals in the field. This quiz covers crucial topics including inventory reconciliation, vendor management, payroll accruals, and exchange rate variations.
- 9 Multiple Choice Questions
- Real-world scenarios
- Immediate feedback on your answers
There are some RI's that due to the cut off did not migrate to JDE by the end of the month. During the reconciliation process noticed that the RI's were pushed to JDE with GL Date of next month.
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L
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The plant has a contract with a vendor for a service agreed. Due to the volume of production what was agreed hasn't been accomplished properly. Because of that, the vendor has decided to billed a penalty, however, the plant wants to negotiate that penalty and for that has created a reserve in the case something should be paid.
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L
R
During the reconciliation process of the inventory accounts, noticed there was a difference between the ledger and subledger. The difference was gebnerated due to the zero cost in some items that were duplicated at As of level.
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L
R
The purpose of this reconciliation group is to compare the Inventory reports versus the GL balance in order to determine any potential difference
Accruable
Subledger
Calculated
The purpose of this reconciliation is to accrue everything related with payroll due to the cut off of the payroll system. The reconciliation includes accruals for hourly and salary payroll, Direct & Indirect OT, Banked hours, etc
Accruable
Subledger
Calculated
The purpose of this reconciliation is to capitalize the exchange rate variation due to the purchases in foreing currecy for the month.
Accruable
Calculated
Subledger
The purpose of this account is to record some miscellaneous withholdings involved in the payroll process that are not covered in other liabilities. Examples may include local government charges or deductions for private institutions
AL060 - 34180
AL050 - 34060
AL010 - 34002
The purpose of this account is to record the insurance paid in advance because the expense will be consumed in future months
PPD330 - 16301
PPD310 - 16101
PPD420 - 19195
The purpose of this account is to record any inventory reserves related to finished goods consumables. Examples of reserves to be included in this account include excess and obsolete, short dated and non conforming
INV140 - 13241
INV240 - 14241
INV340 - 14741
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