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Exam 12: Lean Principles, Lean Accounting, and Activity Analysis

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Question 21

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Push manufacturing made-to-stock is a traditional approach to manufacturing.

A) True
B) False

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Question 22

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Identity the following by their type of quality cost. -Vendor quality

A) Preventive costs
B) Appraisal costs
C) Internal failure costs
D) External failure costs

E) A) and B)
F) A) and C)

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Question 23

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The lean manufacturing philosophy views inventory as an unnecessary waste of resources.

From the above schedule of activity costs, determine the internal failure costs.

Which of the following is an example of a nonfinancial measure?

Connally Company's payroll department required that every time card be checked twice to ensure pay accuracy.The company has 1,000 employees and has determined that the checks cost the company $8,000 per year.They have decided to change this policy and only check those names which appear on the exceptions report and a random check on the entire payroll.Currently only 15% of the payroll is evaluated each payroll.Determine the inspection activity cost per employee on the 1,000 employees both before and after the improvement.

Employee involvement in a product-oriented factory emphasizes employee teams, rather than individual employees.

Employee involvement does not include performing any indirect manufacturing functions.

From the foregoing information, determine the amount of the conversion costs charged to Raw and In Process Inventory during August.

Lean manufacturing is also called make-to-order manufacturing.

Inventory reduction is a principle.

Identity the following by their type of quality cost. -Returned merchandise

How are the objectives of lean manufacturing achieved?

In a lean environment, the journal entry to record conversion costs would include a debit to the raw and in process inventory account.

Which of the following is characteristic of the traditional cost system?

Which of the following is considered non-value-added lead time?

From the above schedule, calculate the external failure costs.

In a lean environment, process problems are more visible than they are in a traditional environment because:

In a pull manufacturing system, raw materials are released to production based on forecasted demand.

In a push manufacturing system, raw materials are released to production based on actual customer orders.