Question 1

In a demand-pull system

Accepted Answer

A) production is triggered by a forecast. 
B) production is triggered by a customer order. 
C) production is triggered by a vendor shipment. 
D) production is triggered by an economic reorder point. 
A) production is triggered by a forecast. 
B) production is triggered by a customer order. 
C) production is triggered by a vendor shipment. 
D) production is triggered by an economic reorder point.

Question 2

Information about Taekwondo Corporation is as follows: $\begin{array}{lcr}&2018&2019\
\text { Output (units) } & 14,000 & 15,000 \
\text { Selling price per unit } & \$ 16 & \$ 16\\
\text { Input quantities: }\
\text { Materials (pounds) }&1,750&1,900\
\text { Labor (hours) }&1,400&1,525\\
\text { Input prices: }\
\text { Materials (per pound) }&\$3&\$4\
\text { Labor (per hour) }&\$6&\$7
\end{array}$ By how much did profits change as a result of changes in productivity related to materials?

Accepted Answer

A) $100 decrease 
B) $100 increase 
C) $600 increase 
D) $600 decrease 
A) $100 decrease 
B) $100 increase 
C) $600 increase 
D) $600 decrease

Question 3

The worth of one or more features of a product for which customers are willing to pay is called __________ .

Accepted Answer

The answer of The worth of one or more features...

Question 4

Which of the following statements is NOT true about the box scorecard?

Accepted Answer

A) Operational, non-financial measures are only used at the department level. 
B) There is a comparison of operational, capacity, and financial metrics. 
C) The lean control approach uses a mixture of financial and non-financial measures for the value stream. 
D) A weekly product cost is reported in the box scorecard. 
A) Operational, non-financial measures are only used at the department level. 
B) There is a comparison of operational, capacity, and financial metrics. 
C) The lean control approach uses a mixture of financial and non-financial measures for the value stream. 
D) A weekly product cost is reported in the box scorecard.

Question 5

Explain the difference between technical and input trade-off efficiency.

Accepted Answer

Technical efficiency means tha

In a demand-pull system

The worth of one or more features of a product for which customers are willing to pay is called __________ .

Which of the following statements is NOT true about the box scorecard?

Explain the difference between technical and input trade-off efficiency.

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

In a demand-pull system

The worth of one or more features of a product for which customers are willing to pay is called __________ .

Which of the following statements is NOT true about the box scorecard?

Explain the difference between technical and input trade-off efficiency.

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