Question 1

The achievement of efficiency and efficiency is the point of total productive efficiency.

Accepted Answer

technical;

Question 2

The is used by the lean control system to compare operational, capacity, and financial metrics.

Accepted Answer

The answer of The is used by the lean control...

Question 3

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

Accepted Answer

A)  $54.05 
B)  $42.59 
C)  $48.32 
D)  $93.37 
A)  $54.05 
B)  $42.59 
C)  $48.32 
D)  $93.37

Question 4

The assessment of productive efficiency for all inputs combined is called:

Accepted Answer

A)  Price recovery component 
B)  Total productivity measurement 
C)  Profit-linked productivity measurement 
D)  Profile measurement 
A)  Price recovery component 
B)  Total productivity measurement 
C)  Profit-linked productivity measurement 
D)  Profile measurement

Question 5

Information about Haulover Company is as follows:   What is the partial operational productivity measure for labor for 2015?

Accepted Answer

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

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.

Accepted Answer

activities

Question 7

Identification of a "value stream," pursuit of perfection, and making value flow without interruption are examples of

Accepted Answer

A)  total quality management. 
B)  activity-based costing. 
C)  principles of lean thinking. 
D)  Kanban processing. 
A)  total quality management. 
B)  activity-based costing. 
C)  principles of lean thinking. 
D)  Kanban processing.

Question 8

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

Accepted Answer

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

Question 9

In a lean environment, many overhead costs are assigned to products as directly costs.

Accepted Answer

The answer of In a lean environment, many overhead costs...

Question 10

Information about Bodacious Corporation is as follows:   Input prices:
    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 11

Which of the following statements is true about the box scorecard?

Accepted Answer

A)  Operational, non-financial measures are used at the cell level. 
B)  There is a comparison between prior week metrics, current week metrics, and desired future state metrics. 
C)  The expectation to achieve desired future state provides motivation towards constant performance improvement. 
D)  all of the above. 
A)  Operational, non-financial measures are used at the cell level. 
B)  There is a comparison between prior week metrics, current week metrics, and desired future state metrics. 
C)  The expectation to achieve desired future state provides motivation towards constant performance improvement. 
D)  all of the above.

Question 12

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 multi-skilled 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 multi-skilled 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 13

Lampost Manufacturing provides the following information: To produce a unit of product:
Mixing department 4 minutes per unit
Molding department 7 minutes per unit
Casting department 9 minutes per unit
Finishing department 5 minutes per unit
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:
a. How long does it take to produce a batch of 20 units under a traditional manufacturing approach?
b. What is the bottleneck department?
c. What is the production rate? What is the cycle time of operation?
d. What would be the time to produce the first unit under a cellular manufacturing setup?

Accepted Answer

SUPPORTING CALCULATIONS:
a.
Process time

Question 14

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:   By how much did profit change as a result of profitability changes in materials?

Accepted Answer

A)  $16,200 increase 
B)  $16,200 decrease 
C)  $36,000 decrease 
D)  $36,000 increase 
A)  $16,200 increase 
B)  $16,200 decrease 
C)  $36,000 decrease 
D)  $36,000 increase

Question 15

The document used by the lean control system that compares operational, capacity, and financial metrics with prior week performances and with a future desired state is called:

Accepted Answer

A)  balanced scorecard 
B)  profit analysis worksheet 
C)  box scorecard 
D)  performance improvement plan 
A)  balanced scorecard 
B)  profit analysis worksheet 
C)  box scorecard 
D)  performance improvement plan

Question 16

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:

Accepted Answer

A)  $450,000 
B)  $292,500 
C)  $270,000 
D)  $180,000 
A)  $450,000 
B)  $292,500 
C)  $270,000 
D)  $180,000

Question 17

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:

Accepted Answer

A)  $319,950 
B)  $270,000 
C)  $90,000 
D)  $49,950 
A)  $319,950 
B)  $270,000 
C)  $90,000 
D)  $49,950

Question 18

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

Accepted Answer

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

Question 19

The pursuit of perfection is realized in

Accepted Answer

A)  zero setup times. 
B)  producing on demand. 
C)  maximizing customer value. 
D)  all of the above. 
A)  zero setup times. 
B)  producing on demand. 
C)  maximizing customer value. 
D)  all of the above.

Question 20

Salvavidas 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: 
a. Calculate the time required to produce a batch of 10 units using a batch processing departmental structure.
b. Calculate the time required to produce 10 units using cellular manufacturing.
c. How much manufacturing time will the cellular manufacturing structure save for a batch of 10 units?

Accepted Answer

a. Model 1 cycle time = 2+10+4+5 = 21 mi

The achievement of efficiency and efficiency is the point of total productive efficiency.

The is used by the lean control system to compare operational, capacity, and financial metrics.

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

The assessment of productive efficiency for all inputs combined is called:

Information about Haulover Company is as follows: What is the partial operational productivity measure for labor for 2015?

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

Identification of a "value stream," pursuit of perfection, and making value flow without interruption are examples of

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

In a lean environment, many overhead costs are assigned to products as directly costs.

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

Which of the following statements is true about the box scorecard?

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

The document used by the lean control system that compares operational, capacity, and financial metrics with prior week performances and with a future desired state is called:

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

The pursuit of perfection is realized in

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

The achievement of efficiency and efficiency is the point of total productive efficiency.

The is used by the lean control system to compare operational, capacity, and financial metrics.

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

The assessment of productive efficiency for all inputs combined is called:

Information about Haulover Company is as follows: What is the partial operational productivity measure for labor for 2015?

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

Identification of a "value stream," pursuit of perfection, and making value flow without interruption are examples of

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

In a lean environment, many overhead costs are assigned to products as directly costs.

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

Which of the following statements is true about the box scorecard?

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

The document used by the lean control system that compares operational, capacity, and financial metrics with prior week performances and with a future desired state is called:

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

The pursuit of perfection is realized in

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