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Manufacturing Quiz

Generate an image of a manufacturing plant with workers analyzing production data and financial reports, featuring elements like machinery and charts.

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

9 Questions2 MinutesCreated by AnalyzingData101

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.

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.

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.

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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