Question 1

What do lean manufacturers demand from their vendors?

Accepted Answer

A)  High quality materials 
B)  Low cost materials 
C)  On-time deliveries 
D)  All of the above 
A)  High quality materials 
B)  Low cost materials 
C)  On-time deliveries 
D)  All of the above D

Question 2

The lean manufacturing philosophy views inventory as an unnecessary waste of resources.

Accepted Answer

A) True 
 B)False  True

Question 3

Under a lean environment,employees have the responsibility and authority to

Accepted Answer

A)  purchase inventory. 
B)  determine output amounts. 
C)  make decisions about operations,rather than waiting for management. 
D)  make engineering changes. 
A)  purchase inventory. 
B)  determine output amounts. 
C)  make decisions about operations,rather than waiting for management. 
D)  make engineering changes. C

Question 4

Which of the following is a value-added activity?

Accepted Answer

A)  scrap processing 
B)  rework 
C)  preventive maintenance 
D)  warranty work 
A)  scrap processing 
B)  rework 
C)  preventive maintenance 
D)  warranty work

Question 5

Maximum effectiveness and efficiency are reached when the lean philosophy is used by both manufacturers and their suppliers.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

The lean philosophy attempts to reduce setup times,which will:

Accepted Answer

A)  increase batch sizes 
B)  not affect batch sizes 
C)  increase within-batch wait time 
D)  decrease within-batch wait time 
A)  increase batch sizes 
B)  not affect batch sizes 
C)  increase within-batch wait time 
D)  decrease within-batch wait time

Question 8

In a lean environment,raw materials are delivered more frequently than in a traditional environment.

Accepted Answer

A) True 
 B)False

Question 9

In a lean system,there are more transactions to record than there are in a traditional system.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is (are)objective(s)of lean manufacturing?

Accepted Answer

A)  eliminating waste 
B)  increasing inventory levels 
C)  increased production speed 
D)  all of the above 
A)  eliminating waste 
B)  increasing inventory levels 
C)  increased production speed 
D)  all of the above

Question 11

In a pull manufacturing system,raw materials are released to production based on actual customer orders.

Accepted Answer

A) True 
 B)False

Question 12

From the above schedule,calculate the (a)value-added and (b)non-value-added costs.

Accepted Answer

The answer of From the above schedule,calculate the (a)value-added and...

Question 13

A lean nonmanufacturing process can be accomplished by consolidating,in one area,all of the services provided to a customer.

Accepted Answer

A) True 
 B)False

Question 14

Make-to-order companies produce mainly to stock inventory.

Accepted Answer

A) True 
 B)False

Question 15

In a pull manufacturing system,raw materials are released to production based on forecasted demand.

Accepted Answer

A) True 
 B)False

Question 16

Christmas Express makes wreaths in batch sizes of 12.The cutting & assembly process takes 8 minutes per wreath and the decorating process time is 10 minutes per wreath.It takes 12 minutes to move the wreaths from the cutting & assembly process to the decorating process.
​
(a)Compute the value-added,non-value-added,and the total lead time of the wreath process.
(b)Compute the value-added ratio.Round to the nearest decimal.

Accepted Answer

(a) ​ @#IMG-DLM& (b)

Question 17

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

Accepted Answer

The answer of From the above schedule,calculate the (a)prevention and...

Question 18

Under the lean production concept,employees are better utilized if they are experts in one operation rather than wasting time training them to learn various production operations.

Accepted Answer

A) True 
 B)False

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

Long setups and large batch sizes result in smaller inventories.

Accepted Answer

A) True 
 B)False

Exam 26: Lean Manufacturing and Activity Analysis

What do lean manufacturers demand from their vendors?

The lean manufacturing philosophy views inventory as an unnecessary waste of resources.

Under a lean environment,employees have the responsibility and authority to

Which of the following is a value-added activity?

Maximum effectiveness and efficiency are reached when the lean philosophy is used by both manufacturers and their suppliers.

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

The lean philosophy attempts to reduce setup times,which will:

In a lean environment,raw materials are delivered more frequently than in a traditional environment.

In a lean system,there are more transactions to record than there are in a traditional system.

Which of the following is (are)objective(s)of lean manufacturing?

In a pull manufacturing system,raw materials are released to production based on actual customer orders.

From the above schedule,calculate the (a)value-added and (b)non-value-added costs.

A lean nonmanufacturing process can be accomplished by consolidating,in one area,all of the services provided to a customer.

Make-to-order companies produce mainly to stock inventory.

In a pull manufacturing system,raw materials are released to production based on forecasted demand.

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

Under the lean production concept,employees are better utilized if they are experts in one operation rather than wasting time training them to learn various production operations.

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

Long setups and large batch sizes result in smaller inventories.

Introduction to Accounting and Business

Analyzing Transactions

The Adjusting Process

Completing the Accounting Cycle

Accounting for Merchandising Businesses

Inventories

Internal Control and Cash

Receivables

Long-Term Assets: Fixed and Intangible

Liabilities: Current,installment Notes,and Contingencies

Liabilities: Bonds Payable

Corporations: Organization, stock Transactions, and Dividends

Statement of Cash Flows

Financial Statement Analysis

Introduction to Managerial Accounting

Job Order Costing

Process Cost Systems

Activity-Based Costing

Cost-Volume-Profit Analysis

Variable Costing for Management Analysis

Budgeting

Evaluating Variances From Standard Costs

Evaluating Decentralized Operations

Differential Analysis and Product Pricing

Capital Investment Analysis

Filters