Exam 15: Lean Accounting and Productivity Measurement

Figure 15-1 The following information relates to Markely Manufacturing: To produce a unit of product: There is a wait time of 8 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 12 minutes. - Refer to Figure 15-1.Which area represents the bottleneck operation?

_______________ is the difference between the total profit change and the profit-linked productivity change.

At the end of 2011, Carianne Corporation 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 price-recovery component?

Hieber Company produces pants that use two inputs-materials and labor.During the past quarter, 1,000 units were produced, requiring 2,000 pounds of material and 1,000 hours of labor.An engineering efficiency study commissioned by the local university revealed that Hieber Company can produce the same output of 1,000 units using either of the following two combinations of inputs: The cost of materials is $2.50 per pound; the cost of labor is $5 per hour. Required:

Information about Blum Company is as follows: - What is the partial operational productivity measure for labor for 2012?

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.What is the cycle time of operation?

Information about Cheng Corporation is as follows: - What is the materials productivity ratio for 2011?

Under features and characteristics costing, conversion costs are normally assigned

Lean manufacturing shares many of the same methodologies as

Which of the following conditions is NOT an example of technical efficiencies?

_______________ is(are) productivity measure(s) in which inputs and outputs are expressed in dollars.

_______________ is(are) productivity measure(s) that are expressed in physical terms.

Using average product cost for a value stream means that individual product costs are not known.This is adequate mainly because

Discuss the advantages and disadvantages of partial productivity measures.

What approach is normally used to calculate product costs when products in a value stream are heterogeneous?

Figure 15-1 The following information relates to Markely Manufacturing: To produce a unit of product: There is a wait time of 8 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 12 minutes. - Refer to Figure 15-1.How long would it take to process the first unit of a 20-unit batch under a cellular manufacturing setup?

What is the usual formula for calculating product costs for value streams with multiple products?

The order fulfillment value stream focuses on

Figure 15-4 -Refer to Figure 15-4.If the materials costs for both products are $75 per unit produced, and conversion costs are $120 per hour, what is the unit cost of Product A under the features and approach costing method?

Information about Gausen Company is as follows: - What is the partial operational productivity measure for labor for 2011?