Question 1

With multiple products in a value stream, unit cost will increase if

Accepted Answer

A) more units are shipped than produced. 
B) more units are produced than shipped. 
C) average conversion cost is used instead of total average cost. 
D) none of the above. 
A) more units are shipped than produced. 
B) more units are produced than shipped. 
C) average conversion cost is used instead of total average cost. 
D) none of the above. B

Question 2

The assessment of the amount of profit change-from the base period to the current period-attributable to productivity changes is called:

Accepted Answer

A) Profit-linked productivity measurement 
B) Profile measurement 
C) Price recovery component 
D) Total productivity measurement 
A) Profit-linked productivity measurement 
B) Profile measurement 
C) Price recovery component 
D) Total productivity measurement A

Question 3

Lean manufacturing adds value by reducing labor costs.

Accepted Answer

A) True 
 B)False  False

Question 4

An assessment of productive efficiency for all inputs combined is called __________ measurement.

Accepted Answer

The answer of An assessment of productive efficiency for all...

Question 5

The process of producing output efficiently, using the least quantity of inputs possible is(are) called:

Accepted Answer

A) Productivity measurement 
B) Partial productivity measures 
C) Profile measurement 
D) Productivity 
A) Productivity measurement 
B) Partial productivity measures 
C) Profile measurement 
D) Productivity

Question 6

The productivity ratio used as a partial operational productivity measure is calculated as follows

Accepted Answer

A) Output/Input. 
B) Input/Output. 
C) Input/Costs. 
D) Input/Sales. 
A) Output/Input. 
B) Input/Output. 
C) Input/Costs. 
D) Input/Sales.

Question 7

The departments or cells that contain all the related operations needed to produce a family of products are called __________ .

Accepted Answer

The answer of The departments or cells that contain all...

Question 8

The assessment of productive efficiency for all inputs combined is called:

Accepted Answer

A) Price recovery component 
B) Total productivity measurement 
C) Profit-linked productivity measurement 
D) Profile measurement 
A) Price recovery component 
B) Total productivity measurement 
C) Profit-linked productivity measurement 
D) Profile measurement

Question 9

Which of the following is NOT a characteristic of a lean manufacturing system?

Accepted Answer

A) delivery of the right product in the right quantity 
B) zero defect 
C) delivery of product the exact time a customer needs it 
D) all of the above 
A) delivery of the right product in the right quantity 
B) zero defect 
C) delivery of product the exact time a customer needs it 
D) all of the above

Question 10

The following data is recorded by the Alex Company: $\begin{array} { l  }&2018&2019\
\text { Output (units) }&13,500&11,800\\
\text { Input quantities: }\\text { Labor (hours) }&5,250&4,150\\
\text { Input prices: }\\text { Labor (per hour) }&\$6&\$7
\end{array}$
 What is the partial operational productivity measure for labor for 2018? (Round the answer to two decimal places.)

Accepted Answer

A) 2.24 
B) 3.25 
C) 2.25 
D) 2.57 
A) 2.24 
B) 3.25 
C) 2.25 
D) 2.57

Question 11

Value-stream costing reports the actual revenues and actual costs on a weekly basis for each value stream.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following conditions is NOT an example of technical efficiencies?

Accepted Answer

A) More output; fewer inputs 
B) Same output; fewer inputs 
C) More output; same inputs 
D) Less output; less inputs 
A) More output; fewer inputs 
B) Same output; fewer inputs 
C) More output; same inputs 
D) Less output; less inputs

Question 13

Which of the following is a reason traditional costing approaches may NOT work in a lean manufacturing environment?

Accepted Answer

A) Standard costing variances encourage overproduction. 
B) Distorted product costs may conceal the outcome of success of a lean system. 
C) Traditional operational controls work against demand-pull systems. 
D) all of the above. 
A) Standard costing variances encourage overproduction. 
B) Distorted product costs may conceal the outcome of success of a lean system. 
C) Traditional operational controls work against demand-pull systems. 
D) all of the above.

Question 14

At the end of 2018, Diatomic Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2019, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows: $\begin{array}{lrr}&2018&2019
\text { Output } & 45,000 & 54,000 \
\text { Output prices } & \$ 10 & \$ 10 \
\text { Materials (lbs.) } & 22,500 & 22,950 \
\text { Materials unit price } & \$ 3 & \$ 4 \
\text { Labor (hrs.) } & 18,000 & 16,875 \
\text { Labor rate per hour } & \$ 5 & \$ 5 \
\text { Power (kwh) } & 11,250 & 14,625 \
\text { Price per kwh } & \$ 2 & \$ 3
\end{array}$ What is the partial operational measure for power for 2018?

Accepted Answer

A) 1.00 
B) 1.60 
C) 3.69 
D) 4.00 
A) 1.00 
B) 1.60 
C) 3.69 
D) 4.00

Question 15

Information about Papanicolou Corporation is as follows: $$\begin{array} { l c r } 
& 2018 & 2019 \
\text { Output (units) } & 45,000 & 47,000 \
\text { Selling price per unit } & \$ 25 & \$25 \
& & \
\text { Input quantities: } & & \
\text { Materials (pounds) } & 2,500 & 2,500 \
\text { Labor (hours) } & 1,500 & 1,5255 \
& & \
\text { Input prices: } & & \
\text { Materials (per pound) } & \$ 5.00 & \$ 5.50 \
\text { Labor (per hour) } & \$ 7.00 & \$ 7.50
\end{array}$$ What is the labor productivity ratio for 2018?

Accepted Answer

A) 22.84 
B) 24.80 
C) 24.00 
D) 30.00 
A) 22.84 
B) 24.80 
C) 24.00 
D) 30.00

Question 16

Technical efficiency and allocative efficiency are the two parameters required to achieve _____.

Accepted Answer

A) total cost efficiency 
B) total financial efficiency 
C) total sales efficiency 
D) total productive efficiency 
A) total cost efficiency 
B) total financial efficiency 
C) total sales efficiency 
D) total productive efficiency

Question 17

At the end of 2018, Diatomic Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2019, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows: $\begin{array}{lrr}&2018&2019
\text { Output } & 45,000 & 54,000 \
\text { Output prices } & \$ 10 & \$ 10 \
\text { Materials (lbs.) } & 22,500 & 22,950 \
\text { Materials unit price } & \$ 3 & \$ 4 \
\text { Labor (hrs.) } & 18,000 & 16,875 \
\text { Labor rate per hour } & \$ 5 & \$ 5 \
\text { Power (kwh) } & 11,250 & 14,625 \
\text { Price per kwh } & \$ 2 & \$ 3
\end{array}$ What is the partial operational measure for labor for 2018?

Accepted Answer

A) 2.50 
B) 3.20 
C) 1.00 
D) 1.25 
A) 2.50 
B) 3.20 
C) 1.00 
D) 1.25

Question 18

Profile measurement provides a series of profiles for all operational measures.

Accepted Answer

A) True 
 B)False

Question 19

The order fulfillment value stream focuses on

Accepted Answer

A) developing new products for new customers. 
B) providing current products to current customers. 
C) providing current products to new customers and new products to new customers. 
D) the production, sale, and delivery of products. 
A) developing new products for new customers. 
B) providing current products to current customers. 
C) providing current products to new customers and new products to new customers. 
D) the production, sale, and delivery of products.

Question 20

Using average product cost for a value stream means that individual product costs are not known. This is adequate mainly because

Accepted Answer

A) waste can be eliminated at the activity and process level without knowing product costs. 
B) a fully accurate product cost is not needed for many decisions. 
C) standard costing variances may actually impede improvement decisions. 
D) all of the above. 
A) waste can be eliminated at the activity and process level without knowing product costs. 
B) a fully accurate product cost is not needed for many decisions. 
C) standard costing variances may actually impede improvement decisions. 
D) all of the above.

With multiple products in a value stream, unit cost will increase if

The assessment of the amount of profit change-from the base period to the current period-attributable to productivity changes is called:

Lean manufacturing adds value by reducing labor costs.

An assessment of productive efficiency for all inputs combined is called __________ measurement.

The process of producing output efficiently, using the least quantity of inputs possible is(are) called:

The productivity ratio used as a partial operational productivity measure is calculated as follows

The departments or cells that contain all the related operations needed to produce a family of products are called __________ .

The assessment of productive efficiency for all inputs combined is called:

Which of the following is NOT a characteristic of a lean manufacturing system?

The following data is recorded by the Alex Company: 2018 2019 Output (units) 13,500 11,800 Input quantities: Labor (hours) 5,250 4,150 Input prices: Labor (per hour) \6 \7 What is the partial operational productivity measure for labor for 2018? (Round the answer to two decimal places.)

Value-stream costing reports the actual revenues and actual costs on a weekly basis for each value stream.

Which of the following conditions is NOT an example of technical efficiencies?

Which of the following is a reason traditional costing approaches may NOT work in a lean manufacturing environment?

Technical efficiency and allocative efficiency are the two parameters required to achieve _____.

Profile measurement provides a series of profiles for all operational measures.

The order fulfillment value stream focuses on

Using average product cost for a value stream means that individual product costs are not known. This is adequate mainly because

Introduction to Cost Management

Basic Cost Management Concepts

Cost Behavior

Activity-Based Costing

Product and Service Costing: Job-Order System

Process Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility Accounting, Performance

Strategic Cost Management

Activity-Based Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

Cost-Volume-Profit Analysis

Activity Resource Usage Model and Tactical Decision Making

Pricing and Profitability Analysis

Capital Investment

Inventory Management: Economic Order Quantity, Jit, and the Theory of Constraints

Filters

Exam 15: Lean Accounting and Productivity Measurement

With multiple products in a value stream, unit cost will increase if

The assessment of the amount of profit change-from the base period to the current period-attributable to productivity changes is called:

Lean manufacturing adds value by reducing labor costs.

An assessment of productive efficiency for all inputs combined is called __________ measurement.

The process of producing output efficiently, using the least quantity of inputs possible is(are) called:

The productivity ratio used as a partial operational productivity measure is calculated as follows

The departments or cells that contain all the related operations needed to produce a family of products are called __________ .

The assessment of productive efficiency for all inputs combined is called:

Which of the following is NOT a characteristic of a lean manufacturing system?

The following data is recorded by the Alex Company: 2018 2019 Output (units) 13,500 11,800 Input quantities: Labor (hours) 5,250 4,150 Input prices: Labor (per hour) \6 \7 What is the partial operational productivity measure for labor for 2018? (Round the answer to two decimal places.)

Value-stream costing reports the actual revenues and actual costs on a weekly basis for each value stream.

Which of the following conditions is NOT an example of technical efficiencies?

Which of the following is a reason traditional costing approaches may NOT work in a lean manufacturing environment?

Technical efficiency and allocative efficiency are the two parameters required to achieve _____.

Profile measurement provides a series of profiles for all operational measures.

The order fulfillment value stream focuses on

Using average product cost for a value stream means that individual product costs are not known. This is adequate mainly because

Introduction to Cost Management

Basic Cost Management Concepts

Cost Behavior

Activity-Based Costing

Product and Service Costing: Job-Order System

Process Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility Accounting, Performance

Strategic Cost Management

Activity-Based Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

Cost-Volume-Profit Analysis

Activity Resource Usage Model and Tactical Decision Making

Pricing and Profitability Analysis

Capital Investment

Inventory Management: Economic Order Quantity, Jit, and the Theory of Constraints

Filters