Information about Taekwondo Corporation is as follows: $\begin{array}{lcr}&2018&2019\\ \text { Output (units) } & 14,000 & 15,000 \\ \text { Selling price per unit } & \$ 16 & \$ 16\\\\ \text { Input quantities: }\\ \text { Materials (pounds) }&1,750&1,900\\ \text { Labor (hours) }&1,400&1,525\\\\ \text { Input prices: }\\ \text { Materials (per pound) }&\$3&\$4\\ \text { Labor (per hour) }&\$6&\$7 \end{array}$ What is the labor productivity ratio for 2018?

A) 12.5 B) 8.0 C) 10.0 D) 6.0 A) 12.5 B) 8.0 C) 10.0 D) 6.0

Information about Bodacious Corporation is as follows: $\begin{array}{lcr}&2018&2019\\ \text { Output (units) } & 120,000 & 126,000 \\ \text { Selling price per unit } & \$ 25 & \$ 25\\\\ \text { Input quantities: }\\ \text { Materials (pounds) }&6,000&6,000\\ \text { Labor (hours) }&4,800&4,825\\\\ \text { Input prices: }\\ \text { Materials (per pound) }&\$5.00&\$5.50\\ \text { Labor (per hour) }&\$7.00&\$7.50 \end{array}$ What is the labor productivity ratio for 2018?

A) 22.84 B) 24.80 C) 24.00 D) 25.00 A) 22.84 B) 24.80 C) 24.00 D) 25.00

Information about Haulover Company is as follows: $\begin{array}{lll}&2018&2019\\ \text { Output (units) }&200,000&200,000\\\\ \text { Input quantities: }\\ \text { Materi als (pounds) } & 90,000 & 80,000 \\ \text { Labor (hours) } & 50,000 & 40,000\\\\\text { Input prices: }\\ \text { Materials (per pound) } & \$ 5 & \$ 6\\ \text { Labor (per hour) } & \$ 8& \$ 9 \end{array}$ What is the partial operational productivity measure for labor for 2018?

A) 1.67 B) 5.00 C) 5.25 D) 2.50 A) 1.67 B) 5.00 C) 5.25 D) 2.50

Information about DeLorean Corporation is as follows: $\begin{array} { l }&2018&2019\\ \text { Output (units) }&40,000&42,000\\ \text { Selling price per unit }&\$25&\$25\\\\ \text { Change in profits }&&\$48,012.50\\\\\text { Profit-linked measurements: }\\ \text { Materials }&&\$550.00\\ \text { Labor }&&412.50\\ \end{array}$ What is the price-recovery component?

A) ($962.50) B) $962.50 C) $40,012.50 D) $47,050.00 A) ($962.50) B) $962.50 C) $40,012.50 D) $47,050.00

Information about Kerkonian Corporation is as follows: $\begin{array} { l }&2018&2019\\ \text { Output (units) }&14,000&15,000\\ \text { Selling price per unit }&\$8&\$8\\\\ \text { Change in profits }&&\$5,687.50\\\\\text { Profit-linked measurements: }\\ \text { Materials }&&\$50.00\\ \text { Labor }&&87.50\\ \end{array}$ What is the price-recovery component?

A) $5,825.00 B) $5,687.50 C) $5,550.00 D) $137.50 A) $5,825.00 B) $5,687.50 C) $5,550.00 D) $137.50

Information about Acadian Corporation is as follows: $\begin{array}{lcr}&2018&2019\\ \text { Output (units) } & 16,250 & 17,540 \\ \text { Selling price per unit } & \$ 20 & \$ 20\\\\ \text { Input quantities: }\\ \text { Materials (pounds) }&1,800&2,000\\ \text { Labor (hours) }&1,610&1,800\\\\ \text { Input prices: }\\ \text { Materials (per pound) }&\$4&\$6\\ \text { Labor (per hour) }&\$8&\$9 \end{array}$ What is the materials productivity ratio for 2018? (Round the answer to two decimal places.)

A) 9.03 B) 8.77 C) 10.09 D) 9.74 A) 9.03 B) 8.77 C) 10.09 D) 9.74

Exam 15: Lean Accounting and Productivity Measurement

Information about Taekwondo Corporation is as follows: 2018 2019 Output (units) 14,000 15,000 Selling price per unit \ 16 \ 16 Input quantities: Materials (pounds) 1,750 1,900 Labor (hours) 1,400 1,525 Input prices: Materials (per pound) \3 \4 Labor (per hour) \6 \7 What is the labor productivity ratio for 2018?

(Multiple Choice)

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Question 61

Which of the following is NOT a disadvantage of partial productivity measures?

(Multiple Choice)

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Question 62

The achievement of efficiency and efficiency is the point of total productive efficiency.

(Short Answer)

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Question 63

Which of the following is an example of an operational performance measure on a box scorecard?

(Multiple Choice)

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Question 64

Information about Bodacious Corporation is as follows: 2018 2019 Output (units) 120,000 126,000 Selling price per unit \ 25 \ 25 Input quantities: Materials (pounds) 6,000 6,000 Labor (hours) 4,800 4,825 Input prices: Materials (per pound) \5 .00 \5 .50 Labor (per hour) \7 .00 \7 .50 What is the labor productivity ratio for 2018?

(Multiple Choice)

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Question 65

Information about Haulover Company is as follows: 2018 2019 Output (units) 200,000 200,000 Input quantities: Materi als (pounds) 90,000 80,000 Labor (hours) 50,000 40,000 Input prices: Materials (per pound) \ 5 \ 6 Labor (per hour) \ 8 \ 9 What is the partial operational productivity measure for labor for 2018?

(Multiple Choice)

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Question 66

Which of the following is an advantage of using partial productivity measures?

(Multiple Choice)

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Question 67

Information about DeLorean Corporation is as follows: 2018 2019 Output (units) 40,000 42,000 Selling price per unit \2 5 \2 5 Change in profits \4 8,012.50 Profit-linked measurements: Materials \5 50.00 Labor 412.50 What is the price-recovery component?

(Multiple Choice)

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Question 68

The point at which for any mix of inputs that will produce a given output, no more of any one input is used than is absolutely necessary is called:

(Multiple Choice)

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Question 69

Productivity is concerned with producing

(Multiple Choice)

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Question 70

Information about Kerkonian Corporation is as follows: 2018 2019 Output (units) 14,000 15,000 Selling price per unit \8 \8 Change in profits \5 ,687.50 Profit-linked measurements: Materials \5 0.00 Labor 87.50 What is the price-recovery component?

(Multiple Choice)

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Question 71

The point at which technical and allocative efficiency are achieved is called:

(Multiple Choice)

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Question 72

The ratio that measures productive efficiency for one input is called:

(Multiple Choice)

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Question 73

At the end of 2018, Cardigan Corporation 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: 2018 2019 Output 20,000 24,000 Output prices \1 0 \1 0 Change in profits \2 2,200 Profit-linked measurements: Materials 200 Labor 10,500 Power (1,500) What is the price-recovery component?

(Multiple Choice)

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Question 74

Customer value is the difference between what a customer receives and what they give up.

(True/False)

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Question 75

Information about Acadian Corporation is as follows: 2018 2019 Output (units) 16,250 17,540 Selling price per unit \ 20 \ 20 Input quantities: Materials (pounds) 1,800 2,000 Labor (hours) 1,610 1,800 Input prices: Materials (per pound) \4 \6 Labor (per hour) \8 \9 What is the materials productivity ratio for 2018? (Round the answer to two decimal places.)

(Multiple Choice)

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Question 76

In the calculation of product costs for value streams with multiple products, units shipped instead of units produced is used as the denominator because

(Multiple Choice)

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Question 77

The two lean accounting approaches are average-costing and value-stream cost reporting.

(True/False)

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Question 78

The difference between the total profit change and the profit-linked productivity change is called:

(Multiple Choice)

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Question 79

Which is NOT a benefit of lean manufacturing?

(Multiple Choice)

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Question 80

Which of the following is NOT a disadvantage of partial productivity measures?

The achievement of efficiency and efficiency is the point of total productive efficiency.

Which of the following is an example of an operational performance measure on a box scorecard?

Which of the following is an advantage of using partial productivity measures?

Information about DeLorean Corporation is as follows: 2018 2019 Output (units) 40,000 42,000 Selling price per unit \2 5 \2 5 Change in profits \4 8,012.50 Profit-linked measurements: Materials \5 50.00 Labor 412.50 What is the price-recovery component?

The point at which for any mix of inputs that will produce a given output, no more of any one input is used than is absolutely necessary is called:

Productivity is concerned with producing

Information about Kerkonian Corporation is as follows: 2018 2019 Output (units) 14,000 15,000 Selling price per unit \8 \8 Change in profits \5 ,687.50 Profit-linked measurements: Materials \5 0.00 Labor 87.50 What is the price-recovery component?

The point at which technical and allocative efficiency are achieved is called:

The ratio that measures productive efficiency for one input is called:

Customer value is the difference between what a customer receives and what they give up.

In the calculation of product costs for value streams with multiple products, units shipped instead of units produced is used as the denominator because

The two lean accounting approaches are average-costing and value-stream cost reporting.

The difference between the total profit change and the profit-linked productivity change is called:

Which is NOT a benefit of lean manufacturing?

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

Which of the following is NOT a disadvantage of partial productivity measures?

The achievement of __________ efficiency and __________ efficiency is the point of total productive efficiency.

Which of the following is an example of an operational performance measure on a box scorecard?

Which of the following is an advantage of using partial productivity measures?

Information about DeLorean Corporation is as follows: 2018 2019 Output (units) 40,000 42,000 Selling price per unit \2 5 \2 5 Change in profits \4 8,012.50 Profit-linked measurements: Materials \5 50.00 Labor 412.50 What is the price-recovery component?

The point at which for any mix of inputs that will produce a given output, no more of any one input is used than is absolutely necessary is called:

Productivity is concerned with producing

Information about Kerkonian Corporation is as follows: 2018 2019 Output (units) 14,000 15,000 Selling price per unit \8 \8 Change in profits \5 ,687.50 Profit-linked measurements: Materials \5 0.00 Labor 87.50 What is the price-recovery component?

The point at which technical and allocative efficiency are achieved is called:

The ratio that measures productive efficiency for one input is called:

Customer value is the difference between what a customer receives and what they give up.

In the calculation of product costs for value streams with multiple products, units shipped instead of units produced is used as the denominator because

The two lean accounting approaches are average-costing and value-stream cost reporting.

The difference between the total profit change and the profit-linked productivity change is called:

Which is NOT a benefit of lean manufacturing?

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

The achievement of efficiency and efficiency is the point of total productive efficiency.