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Exam 15: Lean Accounting and Productivity Measurement

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Question 41

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The point at which technical and allocative efficiency are achieved is called:

A) Input trade-off efficiency
B) Productivity
C) Financial productivity efficiency
D) Total productive efficiency

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Question 42

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Which of the following is NOT a disadvantage of partial productivity measures?

A) partial measures used in isolation
B) the ability to focus on a particular input
C) trade-offs effects among input productivity may be missed
D) a decline in the productivity of an input may lead to an overall cost decline

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Question 43

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Information about Taekwondo Corporation is as follows: $\begin{array}{lcr}&2018&2019\\\text { Output (units) } & 14,000 & 15,000 \\\text { Selling price per unit } & \$ 16 & \$ 16\\\\\text { Input quantities: }\\\text { Materials (pounds) }&1,750&1,900\\\text { Labor (hours) }&1,400&1,525\\\\\text { Input prices: }\\\text { Materials (per pound) }&\$3&\$4\\\text { Labor (per hour) }&\$6&\$7\end{array}$ What is the labor productivity ratio for 2018?

Information about Acadian Corporation is as follows: $\begin{array}{lcr}&2018&2019\\\text { Output (units) } & 16,250 & 17,540 \\\text { Selling price per unit } & \$ 20 & \$ 20\\\\\text { Input quantities: }\\\text { Materials (pounds) }&1,800&2,000\\\text { Labor (hours) }&1,610&1,800\\\\\text { Input prices: }\\\text { Materials (per pound) }&\$4&\$6\\\text { Labor (per hour) }&\$8&\$9\end{array}$ What is the materials productivity ratio for 2018? (Round the answer to two decimal places.)

Information about DeLorean Corporation is as follows: $\begin{array} { l }&2018&2019\\\text { Output (units) }&40,000&42,000\\\text { Selling price per unit }&\$25&\$25\\\\\text { Change in profits }&&\$48,012.50\\\\\text { Profit-linked measurements: }\\\text { Materials }&&\$550.00\\\text { Labor }&&412.50\\\end{array}$ What is the price-recovery component?

The difference between the total profit change and the profit-linked productivity change is called:

Information about Kerkonian Corporation is as follows: $\begin{array} { l }&2018&2019\\\text { Output (units) }&14,000&15,000\\\text { Selling price per unit }&\$8&\$8\\\\\text { Change in profits }&&\$5,687.50\\\\\text { Profit-linked measurements: }\\\text { Materials }&&\$50.00\\\text { Labor }&&87.50\\\end{array}$ What is the price-recovery component?

Which of the following is an advantage of using partial productivity measures?

Information about Bodacious Corporation is as follows: $\begin{array}{lcr}&2018&2019\\\text { Output (units) } & 120,000 & 126,000 \\\text { Selling price per unit } & \$ 25 & \$ 25\\\\\text { Input quantities: }\\\text { Materials (pounds) }&6,000&6,000\\\text { Labor (hours) }&4,800&4,825\\\\\text { Input prices: }\\\text { Materials (per pound) }&\$5.00&\$5.50\\\text { Labor (per hour) }&\$7.00&\$7.50\end{array}$ What is the labor productivity ratio for 2018?

Which of the following is an example of an operational performance measure on a box scorecard?

The point at which for any mix of inputs that will produce a given output, no more of any one input is used than is absolutely necessary is called:

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

The two lean accounting approaches are average-costing and value-stream cost reporting.

Productivity is concerned with producing

At the end of 2018, 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 2019, 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: $\begin{array} { l }&2018&2019\\ \text { Output }&20,000&24,000\\\text { Output prices }&\$10&\$10\\\\\text { Change in profits }&&\$22,200\\\\\text { Profit-linked measurements: }\\\text { Materials } && \$, 200 \\\text { Labor } && 10,500 \\\text { Power } && (1,500) \end{array}$ What is the price-recovery component?

Information about Haulover Company is as follows: $\begin{array}{lll}&2018&2019\\\text { Output (units) }&200,000&200,000\\\\\text { Input quantities: }\\\text { Materi als (pounds) } & 90,000 & 80,000 \\\text { Labor (hours) } & 50,000 & 40,000\\\\\text { Input prices: }\\\text { Materials (per pound) } & \$ 5 & \$ 6\\\text { Labor (per hour) } & \$ 8& \$ 9\end{array}$ What is the partial operational productivity measure for labor for 2018?

Which is NOT a benefit of lean manufacturing?

The ratio that measures productive efficiency for one input is called:

Customer value is the difference between what a customer receives and what they give up.

In the calculation of product costs for value streams with multiple products, units shipped instead of units produced is used as the denominator because