Question 1

Discuss the linkage between quality and productivity.

Accepted Answer

Cost, quality, and productivity are all

Question 2

At the end of 2014, Cardigan Corporation 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:   What is the price-recovery component?

Accepted Answer

A)  ($6,000) 
B)  $16,200 
C)  $6,000 
D)  $22,200 
A)  ($6,000) 
B)  $16,200 
C)  $6,000 
D)  $22,200

Question 3

Customer value is the difference between what a customer receives and what they give up.

Accepted Answer

A) True 
 B)False

Question 4

The two efficiencies included at the point of achieving total efficiency are:

Accepted Answer

A)  cost efficiency; profit efficiency 
B)  maintenance efficiency; profit efficiency 
C)  sales efficiency; profit efficiency 
D)  technical efficiency; allocative efficiency 
A)  cost efficiency; profit efficiency 
B)  maintenance efficiency; profit efficiency 
C)  sales efficiency; profit efficiency 
D)  technical efficiency; allocative efficiency

Question 5

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

Accepted Answer

A)  $550.00 decrease 
B)  $550.00 increase 
C)  $412.50 increase 
D)  $412.50 decrease 
A)  $550.00 decrease 
B)  $550.00 increase 
C)  $412.50 increase 
D)  $412.50 decrease

Question 6

Identifying value streams may be accomplished by using a two-dimensional matrix where __________ are listed on one dimension, and __________ on a second dimension.
or
or

Accepted Answer

activities/processes

Question 7

Information about Bodacious Corporation is as follows:   What is the labor productivity ratio for 2014?

Accepted Answer

A)  22.84 
B)  24.80 
C)  24.00 
D)  25.00 
A)  22.84 
B)  24.80 
C)  24.00 
D)  25.00

Question 8

The process of producing output efficiently, using the least quantity of inputs possible is(are) called:

Accepted Answer

A)  Productivity measurement 
B)  Partial productivity measures 
C)  Profile measurement 
D)  Productivity 
A)  Productivity measurement 
B)  Partial productivity measures 
C)  Profile measurement 
D)  Productivity

Question 9

At the end of 2014, San Leandro 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:
   Required:

Accepted Answer

The answer of At the end of 2014, San Leandro...

Question 10

Information about Haulover Company is as follows:   What is the partial operational productivity measure for materials for 2014?

Accepted Answer

A)  2.22 
B)  1.60 
C)  1.80 
D)  1.42 
A)  2.22 
B)  1.60 
C)  1.80 
D)  1.42

Question 11

The disadvantage of using partial measures in isolation is that it can be misleading.

Accepted Answer

A) True 
 B)False

Question 12

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:   What is the partial operational measure for materials for 2014?

Accepted Answer

A)  2.35 
B)  1.00 
C)  2.00 
D)  1.25 
A)  2.35 
B)  1.00 
C)  2.00 
D)  1.25

Discuss the linkage between quality and productivity.

Customer value is the difference between what a customer receives and what they give up.

The two efficiencies included at the point of achieving total efficiency are:

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

Identifying value streams may be accomplished by using a two-dimensional matrix where are listed on one dimension, and on a second dimension. or or

Information about Bodacious Corporation is as follows: What is the labor productivity ratio for 2014?

The process of producing output efficiently, using the least quantity of inputs possible is(are) called:

Information about Haulover Company is as follows: What is the partial operational productivity measure for materials for 2014?

The disadvantage of using partial measures in isolation is that it can be misleading.

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 linkage between quality and productivity.

Customer value is the difference between what a customer receives and what they give up.

The two efficiencies included at the point of achieving total efficiency are:

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

Identifying value streams may be accomplished by using a two-dimensional matrix where __________ are listed on one dimension, and __________ on a second dimension. or or

Information about Bodacious Corporation is as follows: What is the labor productivity ratio for 2014?

The process of producing output efficiently, using the least quantity of inputs possible is(are) called:

Information about Haulover Company is as follows: What is the partial operational productivity measure for materials for 2014?

The disadvantage of using partial measures in isolation is that it can be misleading.

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

Identifying value streams may be accomplished by using a two-dimensional matrix where are listed on one dimension, and on a second dimension. or or