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

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Question 41

Multiple Choice

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Identify the following quality control activities as either value-added or non-value-added. -Preventive machine maintenance

A) Value-added
B) Non-value-added

C) A) and B)
D) undefined

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Question 42

Multiple Choice

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Identify the following quality control activities as either value-added or non-value-added. -Rework

A) Value-added
B) Non-value-added

C) A) and B)
D) undefined

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Question 43

Multiple Choice

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Set up time is disregarded as an improvement priority under the manufacturing concept.

Identity the following by their type of quality cost. -Operator training

Push manufacturing is also referred to as make-to-order processing.

Axelgold Company produces parts for the auto industry.Part X2 is machined in Department #1, which has the following budgeted conversion costs: All costs are driven by machine hours.Total possible hours for the year are 2,800.It takes .03 hours to machine one unit of Part X2. a Compute Department #1's budgeted cell conversion cost rate for the current year.Round to the nearest cent. b Compute Part X2's budgeted cell conversion cost per unit.Round to the nearest cent.

In the lean principles philosophy, unexpected downtime is the result of unreliable processes.

A nonfinancial measure is operating information that has not been translated into dollars.

From the above schedule, calculate the a prevention and b appraisal costs.

Identify the following quality control activities as either value-added or non-value-added. -Finished goods inspection

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

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

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

Large batch sizes increase lead time.

In a lean system, indirect labor is traced directly to product cells.

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

Which of the following are features of the lean manufacturing system? a maintaining excess inventory to ensure that products will always be available b cross training of employees c giving employees additional authority and responsibility d product-oriented layout e increased set-up time

manufacturing philosophy emphasizes quality and zero defects.

Which of the following results in long lead time?

From the foregoing information, determine the budgeted cell conversion cost per unit.