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Exam 26: Lean Manufacturing and Activity Analysis

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Question 31

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Examples of transforming a traditional manufacturing environment to a lean environment is to do all of the following except

A) form partnerships with reliable suppliers.
B) reorganize operational processes to organized product lines.
C) train employees to perform various operations.
D) increase raw materials to produce more,thereby increasing finished goods inventory.

E) All of the above
F) A) and B)

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Question 32

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

A) True
B) False

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Question 33

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

Which of the following is not an external failure cost?

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

Lean manufacturing focuses on reducing time,cost,and poor quality in processes.

Lean manufacturing favors organizing work around processes rather than around products.

Reducing wait time is not linked to reducing inventory.

From the foregoing information,determine the production costs transferred to Cost of Goods Sold during August.

Which of the following is not a prevention cost?

In a lean environment,operations only respond to customer orders.

From the above schedule,compute the percentage of non-value-added activities.

It is easier to quantify costs of controlling quality than the costs of failing to control quality.

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

Kilbuck Manufacturing operates in a lean manufacturing environment.Kilbuck's actual conversion costs for the month of May follow: The journal entry to record May's conversion costs will include:

Lean manufacturing favors organizing work around products rather than around processes.

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

A make-to-order company matches its production schedules to actual customer orders.

From the above schedule of activity costs,determine the value-added costs.

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