Question 1

Information about Nixon Corporation is as follows:   What is the price-recovery component?

Accepted Answer

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

Question 2

Which of the following is NOT considered a major source of waste?

Accepted Answer

A)  waiting 
B)  joint products 
C)  overproduction of goods not needed 
D)  defective products 
A)  waiting 
B)  joint products 
C)  overproduction of goods not needed 
D)  defective products

Question 3

Information about Holm Corporation is as follows:  
- What is the labor productivity ratio for 2011?

Accepted Answer

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

Question 4

Figure 15-4    
- Refer to Figure 15-4.Under traditional costing methods, which product would have more overhead costs allocated?

Accepted Answer

A)  Product A because it has the highest total cycle time 
B)  Product B because it has the highest individual cycle time in molding 
C)  Product A because the first two cycles are bottlenecks 
D)  Unable to determine from information given 
A)  Product A because it has the highest total cycle time 
B)  Product B because it has the highest individual cycle time in molding 
C)  Product A because the first two cycles are bottlenecks 
D)  Unable to determine from information given

Question 5

The productivity ratio used as a partial operational productivity measure is calculated as follows

Accepted Answer

A)  Output/Input. 
B)  Input/Output. 
C)  Input/Costs. 
D)  Input/Sales. 
A)  Output/Input. 
B)  Input/Output. 
C)  Input/Costs. 
D)  Input/Sales.

Question 6

Lean manufacturing is best defined as

Accepted Answer

A)  an operating approach that reports on the effectiveness of the management of the organization. 
B)  an operating approach designed to eliminate waste and maximize customer value. 
C)  an operating approach that is designed to analyze the activities of the organization. 
D)  an operating approach that is designed to compute variances between expectations and actual performance. 
A)  an operating approach that reports on the effectiveness of the management of the organization. 
B)  an operating approach designed to eliminate waste and maximize customer value. 
C)  an operating approach that is designed to analyze the activities of the organization. 
D)  an operating approach that is designed to compute variances between expectations and actual performance.

Question 7

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

Question 8

Information about Jones Corporation is as follows:  
- What is the partial operational productivity measure for materials for 2012?

Accepted Answer

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

Question 9

_______________ is the point at which for any mix of inputs that will produce a given output, no more of any one input is used than is absolutely necessary.

Accepted Answer

A)  Input trade-off efficiency 
B)  Productivity 
C)  Total productive efficiency 
D)  Technical efficiency 
A)  Input trade-off efficiency 
B)  Productivity 
C)  Total productive efficiency 
D)  Technical efficiency

Question 10

_______________ is(are) the process of producing output efficiently, using the least quantity of inputs possible.

Accepted Answer

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

Question 11

Information about Kreis Company is as follows:
   Required:

Accepted Answer

@#IMG-DLM&_TB2043_00

Question 12

At the end of 2011, Gilley Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase.Now, at the end of 2012, 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 2011?

Accepted Answer

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

Question 13

Theis Incorporated has the following departmental structure for producing its products:
A consultant designed a cellular manufacturing structure for the same product:
The times given represent the time required to process one unit of product.
Required:

Accepted Answer

a.
 @#IMG-DLM&_TB2043_00 b.
Assuming the cell is p

Question 14

Which of the following is true in regards to a lean accounting system?

Accepted Answer

A)  The cost of people with specialized skills, such as industrial engineers, are allocated to all manufacturing cells based on an activity driver. 
B)  Workers are multiskilled and responsible for setting up equipment, maintaining equipment, and operating equipment. 
C)  Implementing a value stream system will require more workers. 
D)  Workers are highly skilled in one specialized area or activity and are not expected to spend time on other value-added activities. 
A)  The cost of people with specialized skills, such as industrial engineers, are allocated to all manufacturing cells based on an activity driver. 
B)  Workers are multiskilled and responsible for setting up equipment, maintaining equipment, and operating equipment. 
C)  Implementing a value stream system will require more workers. 
D)  Workers are highly skilled in one specialized area or activity and are not expected to spend time on other value-added activities.

Question 15

At the end of 2011, Gilley Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase.Now, at the end of 2012, 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 2012?

Accepted Answer

A)  $360,000 
B)  $180,000 
C)  $146,700 
D)  $213,300 
A)  $360,000 
B)  $180,000 
C)  $146,700 
D)  $213,300

Question 16

Total productive efficiency is the point at which _______________ and _______________ are achieved.

Accepted Answer

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

Question 17

The following information relates to Quaker Manufacturing:
To produce a unit of product:
   There is a wait time of 5 minutes before the mixing department begins a batch, 5 minutes between the mixing and molding departments, a move and pre-wait between molding and casting of 10 minutes, and a move and pre-wait between the casting and finishing departments of 8 minutes.
Required:

Accepted Answer

Support:
a

Question 18

One way to identify value streams is to use a two-dimensional matrix where _______________ are listed on one dimension and _______________ on a second dimension

Accepted Answer

A)  activities/processes; products 
B)  activities/processes; costs 
C)  quality indicators; products 
D)  value indicators; costs 
A)  activities/processes; products 
B)  activities/processes; costs 
C)  quality indicators; products 
D)  value indicators; costs

Question 19

With multiple products in a value stream, unit cost will increase if

Accepted Answer

A)  more units are shipped than produced. 
B)  more units are produced than shipped. 
C)  average conversion cost is used instead of total average cost. 
D)  none of these. 
A)  more units are shipped than produced. 
B)  more units are produced than shipped. 
C)  average conversion cost is used instead of total average cost. 
D)  none of these.

Question 20

Figure 15-2 The following information relates to Ramesy Manufacturing:
To produce a unit of product:
  There is a wait time of 5 minutes before the cutting department begins a batch, 15 minutes between the cutting and welding departments, a move and pre-wait between welding and polishing of 12 minutes, and a move and pre-wait between the polishing and finishing departments of 8 minutes.
-
Refer to Figure 15-2.If Ramesy produces in batches of 10 units, how much time would have elapsed by the time the 10th unit is produced under a manufacturing cell environment (assuming the cell is processing continuously)?

Accepted Answer

A)  65 minutes 
B)  60 minutes 
C)  150 minutes 
D)  some other amount 
A)  65 minutes 
B)  60 minutes 
C)  150 minutes 
D)  some other amount

Information about Nixon Corporation is as follows: What is the price-recovery component?

Which of the following is NOT considered a major source of waste?

Information about Holm Corporation is as follows: - What is the labor productivity ratio for 2011?

Figure 15-4 - Refer to Figure 15-4.Under traditional costing methods, which product would have more overhead costs allocated?

The productivity ratio used as a partial operational productivity measure is calculated as follows

Lean manufacturing is best defined as

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

Information about Jones Corporation is as follows: - What is the partial operational productivity measure for materials for 2012?

_______________ is the point at which for any mix of inputs that will produce a given output, no more of any one input is used than is absolutely necessary.

_______________ is(are) the process of producing output efficiently, using the least quantity of inputs possible.

Information about Kreis Company is as follows: Required:

Theis Incorporated has the following departmental structure for producing its products: A consultant designed a cellular manufacturing structure for the same product: The times given represent the time required to process one unit of product. Required:

Which of the following is true in regards to a lean accounting system?

Total productive efficiency is the point at which _ and _ are achieved.

One way to identify value streams is to use a two-dimensional matrix where _ are listed on one dimension and _ on a second dimension

With multiple products in a value stream, unit cost will increase if

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

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

Information about Nixon Corporation is as follows: What is the price-recovery component?

Which of the following is NOT considered a major source of waste?

Information about Holm Corporation is as follows: - What is the labor productivity ratio for 2011?

Figure 15-4 - Refer to Figure 15-4.Under traditional costing methods, which product would have more overhead costs allocated?

The productivity ratio used as a partial operational productivity measure is calculated as follows

Lean manufacturing is best defined as

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

Information about Jones Corporation is as follows: - What is the partial operational productivity measure for materials for 2012?

_______________ is the point at which for any mix of inputs that will produce a given output, no more of any one input is used than is absolutely necessary.

_______________ is(are) the process of producing output efficiently, using the least quantity of inputs possible.

Information about Kreis Company is as follows: Required:

Theis Incorporated has the following departmental structure for producing its products: A consultant designed a cellular manufacturing structure for the same product: The times given represent the time required to process one unit of product. Required:

Which of the following is true in regards to a lean accounting system?

Total productive efficiency is the point at which _______________ and _______________ are achieved.

One way to identify value streams is to use a two-dimensional matrix where _______________ are listed on one dimension and _______________ on a second dimension

With multiple products in a value stream, unit cost will increase if

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

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

Total productive efficiency is the point at which _ and _ are achieved.

One way to identify value streams is to use a two-dimensional matrix where _ are listed on one dimension and _ on a second dimension