Question 1

Discuss the advantages and disadvantages of partial productivity measures.

Accepted Answer

Partial measures can be misleading since

Question 2

Emphasis on departmental efficiency

Accepted Answer

A)  causes bottleneck departments to over-produce and build work-in-process inventories. 
B)  causes stock outs related to demand-pull systems. 
C)  is a critical component of a lean accounting system. 
D)  none of the above. 
A)  causes bottleneck departments to over-produce and build work-in-process inventories. 
B)  causes stock outs related to demand-pull systems. 
C)  is a critical component of a lean accounting system. 
D)  none of the above.

Question 3

At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows:   How much profit was generated in 2015?

Accepted Answer

A)  $540,000 
B)  $319,950 
C)  $220,050 
D)  $270,000 
A)  $540,000 
B)  $319,950 
C)  $220,050 
D)  $270,000

Question 4

Which of the following is an advantage of using partial productivity measures?

Accepted Answer

A)  Partial productivity measures keep managers aware of trade-offs in inputs. 
B)  Partial productivity measures keep top management involved because it is difficult for operating personnel to understand. 
C)  Partial productivity measures are easily interpreted. 
D)  Partial productivity measures provide a system wide focus. 
A)  Partial productivity measures keep managers aware of trade-offs in inputs. 
B)  Partial productivity measures keep top management involved because it is difficult for operating personnel to understand. 
C)  Partial productivity measures are easily interpreted. 
D)  Partial productivity measures provide a system wide focus.

Question 5

The component which provides a series or vector of separate and distinct partial operational measures is called:

Accepted Answer

A)  Price recovery component 
B)  Profit-linked productivity measurement 
C)  Profile measurement 
D)  Total productivity measurement 
A)  Price recovery component 
B)  Profit-linked productivity measurement 
C)  Profile measurement 
D)  Total productivity measurement

Question 6

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

Accepted Answer

A)  dock-to-dock days 
B)  on-time delivery 
C)  first time through 
D)  all of the above 
A)  dock-to-dock days 
B)  on-time delivery 
C)  first time through 
D)  all of the above

Question 7

The prior period used to set the benchmark for measuring productivity changes is(are) called:

Accepted Answer

A)  Financial productivity measures 
B)  Base period 
C)  Operational productivity measures 
D)  Target period 
A)  Financial productivity measures 
B)  Base period 
C)  Operational productivity measures 
D)  Target period

Question 8

On a box scorecard, capacity can be labeled as

Accepted Answer

A)  productive, non-productive, and excess. 
B)  available, excess, and budgeted. 
C)  productive, non-productive, and available. 
D)  valued, excess, and wasted. 
A)  productive, non-productive, and excess. 
B)  available, excess, and budgeted. 
C)  productive, non-productive, and available. 
D)  valued, excess, and wasted.

Question 9

The following information is supplied by the Mountain State Company:   What is the partial operational productivity measure for materials for 2015?

Accepted Answer

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

Question 10

There are two basic types of non-value added activities. They are

Accepted Answer

A)  activities avoidable in the long run and activities unavoidable in the short run due to current technology or production methods. 
B)  activities avoidable in the short run and activities unavoidable in the long run due to current technology or production methods. 
C)  activities unavoidable in the short run due to current technology and activities avoidable due to production methods. 
D)  activities avoidable in the short run and activities unavoidable in the short run due to current technology or production methods. 
A)  activities avoidable in the long run and activities unavoidable in the short run due to current technology or production methods. 
B)  activities avoidable in the short run and activities unavoidable in the long run due to current technology or production methods. 
C)  activities unavoidable in the short run due to current technology and activities avoidable due to production methods. 
D)  activities avoidable in the short run and activities unavoidable in the short run due to current technology or production methods.

Question 11

Maximizing customer value, on-demand production, and zero setup times are realized in the pursuit of __________ .

Accepted Answer

The answer of Maximizing customer value, on-demand production, and zero...

Question 12

Implementing the value-stream structure requires an increase in employees.

Accepted Answer

A) True 
 B)False

Question 13

Figure 15 - 3 Based on the following information:
  Refer to Figure 15-3. What is the product cost based on total average cost? (Round to nearest cent.)

Accepted Answer

A)  $54.05 
B)  $42.59 
C)  $48.32 
D)  $93.37 
A)  $54.05 
B)  $42.59 
C)  $48.32 
D)  $93.37

Question 14

Productivity is concerned with producing

Accepted Answer

A)  output rapidly. 
B)  output efficiently. 
C)  the maximum quantity of output possible. 
D)  output effectively. 
A)  output rapidly. 
B)  output efficiently. 
C)  the maximum quantity of output possible. 
D)  output effectively.

Question 15

At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows:   By how much did profit change as a result of profitability changes in materials?

Accepted Answer

A)  $16,200 increase 
B)  $16,200 decrease 
C)  $36,000 decrease 
D)  $36,000 increase 
A)  $16,200 increase 
B)  $16,200 decrease 
C)  $36,000 decrease 
D)  $36,000 increase

Question 16

Information about Taekwondo Corporation is as follows:   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 17

The difference between the total profit change and the profit-linked productivity change is
called the __________ component.

Accepted Answer

The answer of The difference between the total profit change...

Question 18

Information about Papanicolou Corporation is as follows:   What is the materials productivity ratio for 2014?

Accepted Answer

A)  28 
B)  18 
C)  25 
D)  16 
A)  28 
B)  18 
C)  25 
D)  16

Question 19

The profit linkage rate

Accepted Answer

A)  calculates the cost of the inputs that would have been used in absence of any productivity change and compares it to the cost of the inputs actually used for the current period. 
B)  calculates the cost of the inputs that would have been used in absence of any productivity change and compares it to the cost of the inputs actually used for the prior period. 
C)  calculates the cost of the inputs that would have been used, plus any productivity changes and compares it to the cost of the inputs actually used for the current period. 
D)  calculates the cost of the outputs that would have been produced and compares it to the cost of outputs produced for the current period. 
A)  calculates the cost of the inputs that would have been used in absence of any productivity change and compares it to the cost of the inputs actually used for the current period. 
B)  calculates the cost of the inputs that would have been used in absence of any productivity change and compares it to the cost of the inputs actually used for the prior period. 
C)  calculates the cost of the inputs that would have been used, plus any productivity changes and compares it to the cost of the inputs actually used for the current period. 
D)  calculates the cost of the outputs that would have been produced and compares it to the cost of outputs produced for the current period.

Question 20

The ratio that measures productive efficiency for one input is called:

Accepted Answer

A)  Partial productivity measurement 
B)  Operational productivity measure 
C)  Financial productivity measure 
D)  Productivity measurement 
A)  Partial productivity measurement 
B)  Operational productivity measure 
C)  Financial productivity measure 
D)  Productivity measurement

Discuss the advantages and disadvantages of partial productivity measures.

Emphasis on departmental efficiency

Which of the following is an advantage of using partial productivity measures?

The component which provides a series or vector of separate and distinct partial operational measures is called:

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

The prior period used to set the benchmark for measuring productivity changes is(are) called:

On a box scorecard, capacity can be labeled as

The following information is supplied by the Mountain State Company: What is the partial operational productivity measure for materials for 2015?

There are two basic types of non-value added activities. They are

Maximizing customer value, on-demand production, and zero setup times are realized in the pursuit of __________ .

Implementing the value-stream structure requires an increase in employees.

Figure 15 - 3 Based on the following information: Refer to Figure 15-3. What is the product cost based on total average cost? (Round to nearest cent.)

Productivity is concerned with producing

Information about Taekwondo Corporation is as follows: By how much did profits change as a result of changes in productivity related to materials?

The difference between the total profit change and the profit-linked productivity change is called the __________ component.

Information about Papanicolou Corporation is as follows: What is the materials productivity ratio for 2014?

The profit linkage rate

The ratio that measures productive efficiency for one input is called:

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 Key

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility Accounting, Performance Evaluation, and Transfer Pricing

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

Discuss the advantages and disadvantages of partial productivity measures.

Emphasis on departmental efficiency

Which of the following is an advantage of using partial productivity measures?

The component which provides a series or vector of separate and distinct partial operational measures is called:

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

The prior period used to set the benchmark for measuring productivity changes is(are) called:

On a box scorecard, capacity can be labeled as

The following information is supplied by the Mountain State Company: What is the partial operational productivity measure for materials for 2015?

There are two basic types of non-value added activities. They are

Maximizing customer value, on-demand production, and zero setup times are realized in the pursuit of __________ .

Implementing the value-stream structure requires an increase in employees.

Figure 15 - 3 Based on the following information: Refer to Figure 15-3. What is the product cost based on total average cost? (Round to nearest cent.)

Productivity is concerned with producing

Information about Taekwondo Corporation is as follows: By how much did profits change as a result of changes in productivity related to materials?

The difference between the total profit change and the profit-linked productivity change is called the __________ component.

Information about Papanicolou Corporation is as follows: What is the materials productivity ratio for 2014?

The profit linkage rate

The ratio that measures productive efficiency for one input is called:

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 Key

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility Accounting, Performance Evaluation, and Transfer Pricing

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