Question 1

Lean manufacturing is also called make-to-stock manufacturing.

Accepted Answer

A) True 
 B)False

Question 2

Identify the following quality control activities as either value-added or non-value-added.
-Finished goods inspection

Accepted Answer

A) Value-added 
B) Non-value-added 
A) Value-added 
B) Non-value-added

Question 3

Push manufacturing is also referred to as make-to-order processing.

Accepted Answer

A) True 
 B)False

Question 4

Axelgold Company produces parts for the auto industry.Part X2 is machined in Department #1, which has the following budgeted conversion costs:
   All costs are driven by machine hours.Total possible hours for the year are 2,800.It takes .03 hours to machine one unit of Part X2.
a Compute Department #1's budgeted cell conversion cost rate for the current year.Round to the nearest cent.
b Compute Part X2's budgeted cell conversion cost per unit.Round to the nearest cent.

Accepted Answer

a Budgeted cell conv

Question 5

In a lean system, indirect labor is traced directly to product cells.

Accepted Answer

A) True 
 B)False

Question 6

Identify the following quality control activities as either value-added or non-value-added.
-Rework

Accepted Answer

A) Value-added 
B) Non-value-added 
A) Value-added 
B) Non-value-added

Question 7

manufacturing philosophy emphasizes quality and zero defects.

Accepted Answer

A) Traditional 
B) Lean 
C) Zero-Based 
D) Chinese 
A) Traditional 
B) Lean 
C) Zero-Based 
D) Chinese

Question 8

In the lean principles philosophy, unexpected downtime is the result of unreliable processes.

Accepted Answer

A) True 
 B)False

Question 9

Large batch sizes increase lead time.

Accepted Answer

A) True 
 B)False

Question 10

A nonfinancial measure is operating information that has not been translated into dollars.

Accepted Answer

A) True 
 B)False

Question 11

Identity the following by their type of quality cost.
-Operator training

Accepted Answer

A) Preventive costs 
B) Appraisal costs 
C) Internal failure costs 
D) External failure costs 
A) Preventive costs 
B) Appraisal costs 
C) Internal failure costs 
D) External failure costs

Question 12

Identify the following quality control activities as either value-added or non-value-added.
-Preventive machine maintenance

Accepted Answer

A) Value-added 
B) Non-value-added 
A) Value-added 
B) Non-value-added

Question 13

From the above schedule, calculate the a prevention and b appraisal costs.

Accepted Answer

a $102,000 = $26,000

Question 14

In a lean environment, process problems are more visible than they are in a traditional environment.

Accepted Answer

A) True 
 B)False

Question 15

Lead time reduction can be a cost-saving goal for any processed item.

Accepted Answer

A) True 
 B)False

Question 16

Identity the following by their type of quality cost.
-Recalls

Accepted Answer

A) Preventive costs 
B) Appraisal costs 
C) Internal failure costs 
D) External failure costs 
A) Preventive costs 
B) Appraisal costs 
C) Internal failure costs 
D) External failure costs

Question 17

Which of the following results in long lead time?

Accepted Answer

A) long setup times 
B) large batch sizes 
C) large inventories 
D) all of the above 
A) long setup times 
B) large batch sizes 
C) large inventories 
D) all of the above

Question 18

Set up time is disregarded as an improvement priority under the manufacturing concept.

Accepted Answer

A) traditional 
B) lean 
C) total quality management 
D) product cost 
A) traditional 
B) lean 
C) total quality management 
D) product cost

Question 19

From the foregoing information, determine the budgeted cell conversion cost per unit.

Accepted Answer

A) $240.00 
B) $268.00 
C) $296.00 
D) $1,842.50 
A) $240.00 
B) $268.00 
C) $296.00 
D) $1,842.50

Question 20

Which of the following are features of the lean manufacturing system?
a maintaining excess inventory to ensure that products will always be available
b cross training of employees
c giving employees additional authority and responsibility
d product-oriented layout
e increased set-up time

Accepted Answer

The answer of Which of the following are features of...

Lean manufacturing is also called make-to-stock manufacturing.

Identify the following quality control activities as either value-added or non-value-added. -Finished goods inspection

Push manufacturing is also referred to as make-to-order processing.

In a lean system, indirect labor is traced directly to product cells.

Identify the following quality control activities as either value-added or non-value-added. -Rework

manufacturing philosophy emphasizes quality and zero defects.

In the lean principles philosophy, unexpected downtime is the result of unreliable processes.

Large batch sizes increase lead time.

A nonfinancial measure is operating information that has not been translated into dollars.

Identity the following by their type of quality cost. -Operator training

Identify the following quality control activities as either value-added or non-value-added. -Preventive machine maintenance

From the above schedule, calculate the a prevention and b appraisal costs.

In a lean environment, process problems are more visible than they are in a traditional environment.

Lead time reduction can be a cost-saving goal for any processed item.

Identity the following by their type of quality cost. -Recalls

Which of the following results in long lead time?

Set up time is disregarded as an improvement priority under the manufacturing concept.

From the foregoing information, determine the budgeted cell conversion cost per unit.

Which of the following are features of the lean manufacturing system? a maintaining excess inventory to ensure that products will always be available b cross training of employees c giving employees additional authority and responsibility d product-oriented layout e increased set-up time

Managerial Accounting Concepts and Principles

Job Order Costing

Process Cost Systems

Cost Behavior and Cost-Volume-Profit Analysis

Variable Costing for Management Analysis

Budgeting

Performance Evaluation Using Variances From Standard Costs

Performance Evaluation for Decentralized Operations

Differential Analysis, Product Pricing, and Activity-Based Costing

Capital Investment Analysis

Cost Allocation and Activity-Based Costing

Statement of Cash Flows

Financial Statement Analysis

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Exam 12: Lean Principles, Lean Accounting, and Activity Analysis

Lean manufacturing is also called make-to-stock manufacturing.

Identify the following quality control activities as either value-added or non-value-added. -Finished goods inspection

Push manufacturing is also referred to as make-to-order processing.

In a lean system, indirect labor is traced directly to product cells.

Identify the following quality control activities as either value-added or non-value-added. -Rework

manufacturing philosophy emphasizes quality and zero defects.

In the lean principles philosophy, unexpected downtime is the result of unreliable processes.

Large batch sizes increase lead time.

A nonfinancial measure is operating information that has not been translated into dollars.

Identity the following by their type of quality cost. -Operator training

Identify the following quality control activities as either value-added or non-value-added. -Preventive machine maintenance

From the above schedule, calculate the a prevention and b appraisal costs.

In a lean environment, process problems are more visible than they are in a traditional environment.

Lead time reduction can be a cost-saving goal for any processed item.

Identity the following by their type of quality cost. -Recalls

Which of the following results in long lead time?

Set up time is disregarded as an improvement priority under the manufacturing concept.

From the foregoing information, determine the budgeted cell conversion cost per unit.

Which of the following are features of the lean manufacturing system? a maintaining excess inventory to ensure that products will always be available b cross training of employees c giving employees additional authority and responsibility d product-oriented layout e increased set-up time

Managerial Accounting Concepts and Principles

Job Order Costing

Process Cost Systems

Cost Behavior and Cost-Volume-Profit Analysis

Variable Costing for Management Analysis

Budgeting

Performance Evaluation Using Variances From Standard Costs

Performance Evaluation for Decentralized Operations

Differential Analysis, Product Pricing, and Activity-Based Costing

Capital Investment Analysis

Cost Allocation and Activity-Based Costing

Statement of Cash Flows

Financial Statement Analysis

Filters