The following information relates to Markely Manufacturing: \[\begin{array} { l l } \text { Mixing Department } & 2 \text { minutes per unit } \\ \text { Moulding Department } & 4 \text { minutes per unit } \\ \text { Casting Department } & 6 \text { minutes per unit } \\ \text { Finishing Department } & 3 \text { minutes per unit } \end{array}\] There is a wait time of 8 minutes before the Mixing Department begins a batch, 5 minutes between the Mixing and Moulding departments, a move and pre-wait between Moulding and Casting of 10 minutes, and a move and pre-wait between the Casting and Finishing departments of 12 minutes. -Refer to the figure.What is the production rate?

A) 4 units per hour B) 10 units per hour C) 15 units per hour D) 30 units per hour A) 4 units per hour B) 10 units per hour C) 15 units per hour D) 30 units per hour

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 materials productivity ratio for 20X1?

A) 13 B) 12 C) 10 D) 8 A) 13 B) 12 C) 10 D) 8

Information about Nixon Corporation is as follows: $\begin{array}{lrr} &\text {20X1}&\text {20X2}\\ \text { Output (units) } & 10,000 & 12,000 \\ \text { Selling price per unit } & \$ 25 & \$ 25\\ \\ \text { Change in profits}&\$96,025\\ \text { Profit-linked measurements:}\\ \text { Materials}&\$1,100\\ \text { Iahour }&825 \end{array}$ What is the price-recovery component?

A) $96,025 B) $94,100 C) $1,925 D) ($96,025) A) $96,025 B) $94,100 C) $1,925 D) ($96,025)

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 partial operational measure for labour for 20X2?

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

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 partial operational measure for power for 20X1?

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

Information about Blair Company is as follows: $\begin{array}{lcr} &20 \times 1 & 20 \times 2\\ \text { Output (units) } & 12,000 & 13,000 \\ \text { Input quantities: } &\\ \text { Materials (kg) } & 3,750 & 4,000 \\ \text { Input prices: } &\\ \text { Materials (per kg) }& \$ 2 & \$ 3 \end{array}$ -Refer to the figure.What is the partial operational productivity measure for materials for 20X2?

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

Exam 17: Lean Accounting and Productivity Measurement

Information about Cabot Corporation is as follows: $\begin{array}{lrr}&\text {20X1}&\text {20X2}\\\text { Output (units) } & 14,000 & 15,000 \\\text { Selling price per unit } & \$8 & \$ 8\\\\\text { Change in profits}&\$5,687.50\\ \text { Profit-linked measurements:}\\\text { Materials}&\$(50.00)\\\text { Iahour }&(87.50)\end{array}$ What is the price-recovery component?

(Multiple Choice)

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Question 81

In calculating the profit linkage,PQ represents the productivity-neutral quantity of input.How is PQ calculated?

(Multiple Choice)

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Question 82

Describe the objectives and characteristics of a lean manufacturing system.

(Essay)

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Question 83

What is the focus of the order fulfillment value stream?

(Multiple Choice)

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Question 84

What is the value stream?

(Multiple Choice)

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Question 85

What shares many of the same methodologies as lean manufacturing?

(Multiple Choice)

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Question 86

Which is a benefit of lean manufacturing?

(Multiple Choice)

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Question 87

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 labour for 20X2?

(Multiple Choice)

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Question 88

What is the term for the process of producing output efficiently,using the least quantity of inputs possible?

(Multiple Choice)

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Question 89

The following information relates to Markely Manufacturing: Mixing Department 2 minutes per unit Moulding Department 4 minutes per unit Casting Department 6 minutes per unit Finishing Department 3 minutes per unit There is a wait time of 8 minutes before the Mixing Department begins a batch, 5 minutes between the Mixing and Moulding departments, a move and pre-wait between Moulding and Casting of 10 minutes, and a move and pre-wait between the Casting and Finishing departments of 12 minutes. -Refer to the figure.What is the production rate?

(Multiple Choice)

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Question 90

Information about Kreis Company is as follows: 20\times1 20\times2 Output (units) 25,000 27,000 Selling price per unit \ 25 \ 25 Input quantities: Materials (kg) 8,000 7,500 Labour (hours) 5,500 7,000 Input prices: Materials (per kg) \ 4.00 \ 5.00 Labou (per hour) \ 9.00 \ 10.00 a.Calculate the materials and labour productivity ratios for 20X1 and 20X2. b.Did materials productivity improve? c.Did labour productivity improve? d.By how much did profits change as a result of changes in productivity?

(Essay)

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Question 91

Information about Cheng Corporation is as follows: 20\times1 20\times2 Output (units) 14,000 15,000 Selling price per unit \ 16 \ 16 Input quantities: Materials (kg) 1,750 1,900 Labour (hours) 1,400 1,525 Input prices: Materials (per kg) \ 3 \ 4 Labour (per hour) \ 6 \ 7 -Refer to the figure.What is the materials productivity ratio for 20X1?

(Multiple Choice)

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Question 92

Information about Nixon Corporation is as follows: 20X1 20X2 Output (units) 10,000 12,000 Selling price per unit \ 25 \ 25 Change in profits \9 6,025 Profit-linked measurements: Materials \1 ,100 Iahour 825 What is the price-recovery component?

(Multiple Choice)

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Question 93

What are the two basic types of non-value-added activities?

(Multiple Choice)

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Question 94

Information about Cheng Corporation is as follows: 20\times1 20\times2 Output (units) 14,000 15,000 Selling price per unit \ 16 \ 16 Input quantities: Materials (kg) 1,750 1,900 Labour (hours) 1,400 1,525 Input prices: Materials (per kg) \ 3 \ 4 Labour (per hour) \ 6 \ 7 -Refer to the figure.What is the partial operational measure for labour for 20X2?

(Multiple Choice)

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Question 95

Information about Cheng Corporation is as follows: 20\times1 20\times2 Output (units) 14,000 15,000 Selling price per unit \ 16 \ 16 Input quantities: Materials (kg) 1,750 1,900 Labour (hours) 1,400 1,525 Input prices: Materials (per kg) \ 3 \ 4 Labour (per hour) \ 6 \ 7 -Refer to the figure.What is the partial operational measure for power for 20X1?

(Multiple Choice)

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Question 96

What measurement is concerned with the relationship between inputs and outputs??

(Multiple Choice)

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Question 97

What is reducing the time it takes to configure equipment to produce a different product an example of?

(Multiple Choice)

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Question 98

Which of the following is an advantage of a value stream cost assignment?

(Multiple Choice)

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Question 99

Information about Blair Company is as follows: 20\times1 20\times2 Output (units) 12,000 13,000 Input quantities: Materials (kg) 3,750 4,000 Input prices: Materials (per kg) \ 2 \ 3 -Refer to the figure.What is the partial operational productivity measure for materials for 20X2?

(Multiple Choice)

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Question 100

In calculating the profit linkage,PQ represents the productivity-neutral quantity of input.How is PQ calculated?

Describe the objectives and characteristics of a lean manufacturing system.

What is the focus of the order fulfillment value stream?

What is the value stream?

What shares many of the same methodologies as lean manufacturing?

Which is a benefit of lean manufacturing?

What is the term for the process of producing output efficiently,using the least quantity of inputs possible?

Information about Nixon Corporation is as follows: 20X1 20X2 Output (units) 10,000 12,000 Selling price per unit \ 25 \ 25 Change in profits \9 6,025 Profit-linked measurements: Materials \1 ,100 Iahour 825 What is the price-recovery component?

What are the two basic types of non-value-added activities?

What measurement is concerned with the relationship between inputs and outputs??

What is reducing the time it takes to configure equipment to produce a different product an example of?

Which of the following is an advantage of a value stream cost assignment?

Information about Blair Company is as follows: 20\times1 20\times2 Output (units) 12,000 13,000 Input quantities: Materials (kg) 3,750 4,000 Input prices: Materials (per kg) \ 2 \ 3 -Refer to the figure.What is the partial operational productivity measure for materials for 20X2?

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

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