Question 1

In a lean environment, many overhead costs are assigned to

Accepted Answer

A)  products using driver tracing. 
B)  products as directly traceable costs. 
C)  products using allocation methods. 
D)  costs using plantwide overhead rates. 
A)  products using driver tracing. 
B)  products as directly traceable costs. 
C)  products using allocation methods. 
D)  costs using plantwide overhead rates.

Question 2

Figure 15-4     
-Refer to Figure 15-4.Under the features and characteristics costing method, 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, the bottleneck department 
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, the bottleneck department 
C)  Product A because the first two cycles are bottlenecks 
D)  Unable to determine from information given

Question 3

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 power for 2012?

Accepted Answer

A)  4.00 
B)  1.00 
C)  1.15 
D)  3.69 
A)  4.00 
B)  1.00 
C)  1.15 
D)  3.69

Question 4

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

Accepted Answer

A)  $550.00 decrease 
B)  $550.00 increase 
C)  $312.50 decrease 
D)  $312.50 increase 
A)  $550.00 decrease 
B)  $550.00 increase 
C)  $312.50 decrease 
D)  $312.50 increase

Question 5

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

Accepted Answer

A)  $95.00 
B)  $49.14 
C)  $36.04 
D)  $45.86 
A)  $95.00 
B)  $49.14 
C)  $36.04 
D)  $45.86

Question 6

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

Accepted Answer

A)  $600 decrease 
B)  $600 increase 
C)  $100 decrease 
D)  $100 increase 
A)  $600 decrease 
B)  $600 increase 
C)  $100 decrease 
D)  $100 increase

Question 7

_______________ is a ratio that measures productive efficiency for one input.

Accepted Answer

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

Question 8

An operational productivity measure uses _______________ to measure input and output.

Accepted Answer

A)  revenues 
B)  costs 
C)  dollars 
D)  physical quantities 
A)  revenues 
B)  costs 
C)  dollars 
D)  physical quantities

Question 9

The new product value stream focuses on

Accepted Answer

A)  developing new products for new customers. 
B)  providing current products to current customers. 
C)  providing current products to new customers and new products to new customers. 
D)  the production, sale, and delivery of products. 
A)  developing new products for new customers. 
B)  providing current products to current customers. 
C)  providing current products to new customers and new products to new customers. 
D)  the production, sale, and delivery of products.

Question 10

Explain the difference between partial and total measures of productivity.

Accepted Answer

If the productivity ratio (out

Question 11

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

Accepted Answer

A)  2.50 
B)  2.00 
C)  1.67 
D)  1.50 
A)  2.50 
B)  2.00 
C)  1.67 
D)  1.50

Question 12

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 16-2.What is the production rate?

Accepted Answer

A)  12 units per hour 
B)  20 units per hour 
C)  15 units per hour 
D)  7.5 units per hour 
A)  12 units per hour 
B)  20 units per hour 
C)  15 units per hour 
D)  7.5 units per hour

Question 13

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

Accepted Answer

A)  1.67 
B)  2.50 
C)  5.00 
D)  5.25 
A)  1.67 
B)  2.50 
C)  5.00 
D)  5.25

Question 14

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 power for 2011?

Accepted Answer

A)  4.00 
B)  1.00 
C)  1.60 
D)  3.69 
A)  4.00 
B)  1.00 
C)  1.60 
D)  3.69

Question 15

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

Accepted Answer

A)  $175 decrease 
B)  $175 increase 
C)  $100 decrease 
D)  $100 increase 
A)  $175 decrease 
B)  $175 increase 
C)  $100 decrease 
D)  $100 increase

Question 16

The production rate

Accepted Answer

A)  tells how many units of a product can be produced by the manufacturing cell. 
B)  calculates how many minutes it takes an operation to process one unit of product. 
C)  calculates the processing time of the slowest department. 
D)  calculates the wait and move time of a production. 
A)  tells how many units of a product can be produced by the manufacturing cell. 
B)  calculates how many minutes it takes an operation to process one unit of product. 
C)  calculates the processing time of the slowest department. 
D)  calculates the wait and move time of a production.

Question 17

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

Accepted Answer

A)  12.5 
B)  10.0 
C)  8.0 
D)  6.0 
A)  12.5 
B)  10.0 
C)  8.0 
D)  6.0

In a lean environment, many overhead costs are assigned to

Figure 15-4 -Refer to Figure 15-4.Under the features and characteristics costing method, which product would have more overhead costs allocated?

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

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

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

_______________ is a ratio that measures productive efficiency for one input.

An operational productivity measure uses _______________ to measure input and output.

The new product value stream focuses on

Explain the difference between partial and total measures of productivity.

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

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

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

The production rate

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

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

In a lean environment, many overhead costs are assigned to

Figure 15-4 -Refer to Figure 15-4.Under the features and characteristics costing method, which product would have more overhead costs allocated?

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

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

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

_______________ is a ratio that measures productive efficiency for one input.

An operational productivity measure uses _______________ to measure input and output.

The new product value stream focuses on

Explain the difference between partial and total measures of productivity.

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

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

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

The production rate

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

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