Exam 15: Lean Accounting and Productivity Measurement

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

Lean manufacturing is best defined as

The processing department can produce one unit every 5 minutes and is the last department before the finishing department. Under traditional manufacturing where a batch equals 10 units, how long will it be before the first unit in the batch can move from the processing department to the finishing department?

Operational partial measures are difficult to interpret by those within an organization.

The order fulfillment value stream focuses on

To identify value streams using a two-dimensional matrix, the following two items must be utilized:

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

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?

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

A difference between Toyota's lean manufacturing system and Ford's lean enterprise system is

The component which provides a server or vector of separate and distinct partial operational measures is called __________ measurement.

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

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

In calculating product costs for a value stream with multiple products, average product costs are a good estimate of individual product costs if

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 Roosevelt Corporation is as follows: What is the price-recovery component?

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

In a demand-pull system

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

Figure 15-1 The following information relates to Lancashire Manufacturing: To produce a unit of product: Mixing department 3 minutes per unit Molding department 5 minutes per unit Casting department 7 minutes per unit Finishing department 4 minutes per unit 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. What is the production rate?