Question 1

What is the quantitative assessment of productivity changes?

Accepted Answer

A) financial productivity measure 
B) operational productivity measure 
C) technical efficiency 
D) productivity measurement 
A) financial productivity measure 
B) operational productivity measure 
C) technical efficiency 
D) productivity measurement

Question 2

What results from the lean manufacturing benefits of better quality,reduced lead times,inventory reductions,and reduced setup times?

Accepted Answer

A) lower manufacturing costs 
B) decreased production rates 
C) reductions in innovative capabilities 
D) increase nonfinancial measures 
A) lower manufacturing costs 
B) decreased production rates 
C) reductions in innovative capabilities 
D) increase nonfinancial measures

Question 3

How is production triggered in a demand-pull system?

Accepted Answer

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

Question 4

Information about Jones Corporation is as follows:
$\begin{array}{llr}
&20 \times 1 & 20 \times 2\
  \text { Output (units) } &120,000&130,000\
 \text {  Input quantities:} &\
 \text { Materials \( (\mathrm{kg}) $ } &37,500&40,000\
 \text {Input prices:  } &\
 \text {Materials (per $ \mathrm{kg} $ )  } &\$4&\$6\

\end{array}\)

-Refer to the figure.What is the partial operational productivity measure for materials for 20X1?

Accepted Answer

A) 0.3125 
B) 0.6250 
C) 3.2000 
D) 3.2500 
A) 0.3125 
B) 0.6250 
C) 3.2000 
D) 3.2500

Question 5

What is characteristic of the emphasis on departmental efficiency?

Accepted Answer

A) It causes bottleneck departments to overproduce and build work-in-process inventories. 
B) It causes stock outs related to demand-pull systems. 
C) It causes a critical component of a lean accounting system to be minimized. 
D) It causes a decrease in overall production. 
A) It causes bottleneck departments to overproduce and build work-in-process inventories. 
B) It causes stock outs related to demand-pull systems. 
C) It causes a critical component of a lean accounting system to be minimized. 
D) It causes a decrease in overall production.

Question 6

What is the focus of the new product value stream?

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 7

Information about Glenn Company is as follows:
$\begin{array}{lrr}
&20 \times 1&20 \times 2\
\text { Output (units) } & 42,000 & 48,000 \
\text { Selling price per unit } & \$ 12 & \$ 12 \
\text { Input quantities: } & &  \
\text { Materials (kg) } &8,000 &7,500 \
\text { Labour (hours) } & 5,000 & 6,000\
\text { Input prices: } &  \
\text { Materials (per kg) }&\$ 4.00 & \$ 5.00 \
\text { Labour (per hour) }& \$ 8.00 & \$ 9.00
\end{array}$ 
a.Calculate the materials productivity ratios for 20X1 and 20X2.
b.Calculate the labour productivity ratios for 20X1 and 20X2.
c.How much did profits change as a result of changes in productivity related to materials?
d.How much did profits change as a result of changes in productivity related to labour?

Accepted Answer

The answer of Information about Glenn Company is as follows:
\(\begin{array}{lrr}
&20...

Question 8

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

Accepted Answer

A) dock-to-dock days 
B) on-time delivery 
C) first time through 
D) weekly sales 
A) dock-to-dock days 
B) on-time delivery 
C) first time through 
D) weekly sales

Question 9

Information about Gausen Company is as follows:
$\begin{array}{lrr}&20X1&20X2\
\text { Output (units) } & 100,000 & 100,000 \
\text { Input quantities: } &\
\text { Materials (kg) } & 45,000 & 40,000 \\text { Labour (hours) } & 25,000 & 20,000\
\text { Input prices: }\\text { Materials (per kg) } & \$ 5 & \$ 6 \
\text { Labour (per hour) } & \$ 8 & \$ 9\&20X1&20X2\\text { Output (units) } & 10,000 & 9,300 \
\text { Input quantities: } &0 \
\text { Labour (hours) }&4,000&3,875\\text { Input prices: }\\text { Labour (per hour) }&\$7&\$8
\end{array}$
-Refer to the figure.What is the partial operational productivity measure for labour for 20X1?

Accepted Answer

A) 4.25 
B) 4.00 
C) 2.22 
D) 1.42 
A) 4.25 
B) 4.00 
C) 2.22 
D) 1.42

Question 10

What is the usual formula for calculating product costs for value streams with multiple products?

Accepted Answer

A) Total value stream cost of period/Units shipped for period 
B) Budgeted value stream cost of period/Units shipped for period 
C) Total value stream cost of period/Units sold for period 
D) Budgeted value stream cost of period/Forecasted units shipped for period 
A) Total value stream cost of period/Units shipped for period 
B) Budgeted value stream cost of period/Units shipped for period 
C) Total value stream cost of period/Units sold for period 
D) Budgeted value stream cost of period/Forecasted units shipped for period

Question 11

What is the term for the point at which technical and allocative efficiency are achieved?

Accepted Answer

A) input trade-off efficiency 
B) productivity 
C) total productive efficiency 
D) financial productivity efficiency 
A) input trade-off efficiency 
B) productivity 
C) total productive efficiency 
D) financial productivity efficiency

Question 12

What are many overhead costs assigned to in a lean environment?

Accepted Answer

A) products using driver tracing 
B) products as directly traceable costs 
C) products using allocation methods 
D) costs using plantwide overhead rates 
A) products using driver tracing 
B) products as directly traceable costs 
C) products using allocation methods 
D) costs using plantwide overhead rates

Question 13

-Refer to the figure.Under the features and characteristics costing method,which product would have more overhead costs allocated?

Accepted Answer

A) Product A,because it has the highest total cycle time 
B) Product B,because it has the highest individual cycle time in Moulding 
C) Product A,because the first two cycles are bottlenecks 
D) Product B,because the last two cycles are bottlenecks 
A) Product A,because it has the highest total cycle time 
B) Product B,because it has the highest individual cycle time in Moulding 
C) Product A,because the first two cycles are bottlenecks 
D) Product B,because the last two cycles are bottlenecks

Question 14

Information about Cheng Corporation is as follows:
$\begin{array}{lrr}
&20 \times 1 & 20 \times 2\
\text { Output (units) } & 14,000 & 15,000 \
\text { Selling price per unit } & \$ 16 & \$ 16 \
\text { Input quantities: } & & \
\quad \text { Materials (kg) } & 1,750 & 1,900 \
\text { Labour (hours) } & 1,400 & 1,525 \
\text { Input prices: } & & \
\quad \text { Materials (per kg) } & \$ 3 & \$ 4 \
\quad \text { Labour (per hour) } & \$ 6 & \$ 7
\end{array}$
-Refer to the figure.What is the labour productivity ratio for 20X1?

Accepted Answer

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

Question 15

Information about Blair Company is as follows:
$\begin{array}{lcr}
&20 \times 1 & 20 \times 2\
\text { Output (units) } & 10,000 & 9,300 \
\text { Input quantities: } & \
\text { Labour (hours) } &  4,000 & 3,875\
\text { Input prices: }\
\text { Labour (per hour)}&\$7&\$8
\end{array}$
-Refer to the figure.What is the partial operational productivity measure for labour for 20X2?

Accepted Answer

A) 2.325 
B) 2.400 
C) 2.500 
D) 3.300 
A) 2.325 
B) 2.400 
C) 2.500 
D) 3.300

Question 16

Information about Jones Corporation is as follows:
$\begin{array}{llr}
&20 \times 1 & 20 \times 2\
  \text { Output (units) } &120,000&130,000\
 \text {  Input quantities:} &\
 \text { Materials \( (\mathrm{kg}) $ } &37,500&40,000\
 \text {Input prices:  } &\
 \text {Materials (per $ \mathrm{kg} $ )  } &\$4&\$6\

\end{array}\)

-Refer to the figure.What is the partial operational productivity measure for materials for 20X2?

Accepted Answer

A) 3.2500 
B) 3.2000 
C) 0.3125 
D) 0.3077 
A) 3.2500 
B) 3.2000 
C) 0.3125 
D) 0.3077

Question 17

Information about Holm Corporation is as follows:
$\begin{array}{lrr}
&20 \times 1 & 20 \times 2\
\text { Output (units) } & 120,000 & 126,000 \
\text { Selling price per unit } & \$ 25 & \$ 25 \
\text { Input quantities: } & & \
\text { Materials (kg) } & 6,000 & 6,000 \
\text { Labour (hours) } & 4,800 & 4,825 \
\text { Input prices: } & & \
\text { Materials (per } \mathrm{kg} \text { ) } & \$ 5.00 & \$ 5.50 \
\text { Labour (per hour) } & \$ 7.00 & \$ 7.50
\end{array}$
-Refer to the figure.What is the materials productivity ratio for 20X2?

Accepted Answer

A) 28 
B) 25 
C) 20 
D) 16 
A) 28 
B) 25 
C) 20 
D) 16

Question 18

Explain the difference between partial and total measures of productivity.

Accepted Answer

If the productivity ratio (out

Question 19

How is overproduction of good controlled in lean manufacturing?

Accepted Answer

A) by encouraging zero setup times 
B) by having management set the levels of production 
C) by allowing for the maximizing customer value 
D) by letting customers pull goods through the system 
A) by encouraging zero setup times 
B) by having management set the levels of production 
C) by allowing for the maximizing customer value 
D) by letting customers pull goods through the system

Question 20

Information about Holm Corporation is as follows:
$\begin{array}{lrr}
&20 \times 1 & 20 \times 2\
\text { Output (units) } & 120,000 & 126,000 \
\text { Selling price per unit } & \$ 25 & \$ 25 \
\text { Input quantities: } & & \
\text { Materials (kg) } & 6,000 & 6,000 \
\text { Labour (hours) } & 4,800 & 4,825 \
\text { Input prices: } & & \
\text { Materials (per } \mathrm{kg} \text { ) } & \$ 5.00 & \$ 5.50 \
\text { Labour (per hour) } & \$ 7.00 & \$ 7.50
\end{array}$
-Refer to the figure.By how much did profits change as a result of changes in productivity related to materials?

Accepted Answer

A) $1,650.00 decrease 
B) $1,650.00 increase 
C) $937.50 decrease 
D) $937.50 increase 
A) $1,650.00 decrease 
B) $1,650.00 increase 
C) $937.50 decrease 
D) $937.50 increase

What is the quantitative assessment of productivity changes?

What results from the lean manufacturing benefits of better quality,reduced lead times,inventory reductions,and reduced setup times?

How is production triggered in a demand-pull system?

What is characteristic of the emphasis on departmental efficiency?

What is the focus of the new product value stream?

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

What is the usual formula for calculating product costs for value streams with multiple products?

What is the term for the point at which technical and allocative efficiency are achieved?

What are many overhead costs assigned to in a lean environment?

-Refer to the figure.Under the features and characteristics costing method,which product would have more overhead costs allocated?

Information about Blair Company is as follows: 20\times1 20\times2 Output (units) 10,000 9,300 Input quantities: Labour (hours) 4,000 3,875 Input prices: Labour (per hour) \7 \8 -Refer to the figure.What is the partial operational productivity measure for labour for 20X2?

Explain the difference between partial and total measures of productivity.

How is overproduction of good controlled in lean manufacturing?

A: Basic Cost Management Concepts

B: Basic Cost Management Concepts

Cost Behaviour

Cost-Volume-Profit Analysis

Job-Order Costing Systems

Process Costing

Activity-Based Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control

Standard Costing: a Functional-Based Control Approach

Responsibility Accounting,performance Evaluation,and Transfer Pricing

Tactical Decision Making

Pricing and Profitability Analysis

Strategic Cost Management

Activity-Based Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

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

Filters

Exam 17: Lean Accounting and Productivity Measurement

What is the quantitative assessment of productivity changes?

What results from the lean manufacturing benefits of better quality,reduced lead times,inventory reductions,and reduced setup times?

How is production triggered in a demand-pull system?

What is characteristic of the emphasis on departmental efficiency?

What is the focus of the new product value stream?

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

What is the usual formula for calculating product costs for value streams with multiple products?

What is the term for the point at which technical and allocative efficiency are achieved?

What are many overhead costs assigned to in a lean environment?

-Refer to the figure.Under the features and characteristics costing method,which product would have more overhead costs allocated?

Information about Blair Company is as follows: 20\times1 20\times2 Output (units) 10,000 9,300 Input quantities: Labour (hours) 4,000 3,875 Input prices: Labour (per hour) \7 \8 -Refer to the figure.What is the partial operational productivity measure for labour for 20X2?

Explain the difference between partial and total measures of productivity.

How is overproduction of good controlled in lean manufacturing?

A: Basic Cost Management Concepts

B: Basic Cost Management Concepts

Cost Behaviour

Cost-Volume-Profit Analysis

Job-Order Costing Systems

Process Costing

Activity-Based Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control

Standard Costing: a Functional-Based Control Approach

Responsibility Accounting,performance Evaluation,and Transfer Pricing

Tactical Decision Making

Pricing and Profitability Analysis

Strategic Cost Management

Activity-Based Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

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

Filters