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Exam 27: Lean Manufacturing and Activity Analysis

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Question 61

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Which of the following is an example of a nonfinancial measure of performance used in lean manufacturing?

A) lead time
B) setup time
C) number of units scrapped
D) all of these choices

E) A) and D)
F) None of the above

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Question 62

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With lean manufacturing, employees are trained to be experts in one operation.

A) True
B) False

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Question 63

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Christmas Express makes wreaths in batch sizes of 12. The cutting and assembly process takes 8 minutes per wreath, and the decorating process time is 10 minutes per wreath. It takes 12 minutes to move the wreaths from the cutting and assembly process to the decorating process.​ a. Compute the value-added, non-value-added, and total lead times of the wreath process. b. Compute the value-added ratio. Round to one decimal place.

Lead time reduction can be a cost-saving goal for any processed item.

Which of the following is best suited to providing timely and focused performance information?

Schedule of Activity Costs ​ -From the provided schedule of activity costs, determine the external failure costs.

Within-batch wait time increases total lead time.

One inherent risk to using lean principles is that companies are at higher risk of inventory shortages during volatile times caused by strikes, adverse weather, etc., than when using traditional manufacturing principles.

In a push manufacturing system, production is based on estimated customer demand.

Schedule of Activity Costs ​ -When using lean principles and activity analyses with service businesses, the "product" is normally

With lean manufacturing, financial accounting information is used more often for long-term operating decisions and nonfinancial measures are used more often for day-to-day decisions.

Schedule of Activity Costs ​ -From the provided schedule of activity costs, determine the total activity cost.

Match each of the following quality control activities with the appropriate classification (a or b). -Inspecting materials A)Value-added B)Non-value-added

From the provided schedule of activity costs, determine the (a) prevention and (b) appraisal costs.

Actions that transform a traditional manufacturing environment to a lean environment include all of the following except

_____ manufacturing principles emphasize quality and zero defects.

In a push manufacturing system, production is based on actual customer orders.

Match each of the following quality control activities with the appropriate classification (a or b). -Providing customer service calls A)Value-added B)Non-value-added

In a lean accounting system, there are fewer transactions to record than there are in a traditional accounting system.

In a lean environment, process problems are less visible than they are in a traditional environment.