Value streams are useful in decision-making because:   Multiple Choice   Special orders can be evaluated within the context of the value stream.   They help to highlight improved efficiency in the plant.   Irrelevant costs are identified.   They identify all value-added products and services.   Lean thinking produces costlier products.

Q: Assume that a company is pursuing a strategy based on product leadership. Which if-then hypothesis…

A: If a company is pursuing a strategy based on product leadership the statement "the number of process…

Q: What are two ways of reducing the negative aspects associated with using absorption costing to…

A:

Q: Support department costs are allocated to Producing departments, in part, because:    Group of…

A: Departmental overhead rate is calculated by adding the allocated service costs to the overhead costs…

Q: Which of the following is NOT a principle of lean manufacturing? a. Products are pushed from the…

A: Lean manufacturing: It is method that is used with focus of minimizing the waste that are within a…

Q: ent should focus its sales and production efforts on the product or products that will provide the…

A:

Q: When deciding whether to sell as is or process a product further, managers should ignore which of…

A:

Q: ause the bulk of potential cost savings related to labor costs”.  Identify relevant and irrelevant…

A: While many stakeholders believe worker wages in global supply chains are too low, there is…

Q: atch each item with the correct statement below. A process that answers the question "How many…

A: The question is based on the concept of Cost Accounting

Q: Three major influences on pricing decisions are​ ________.   A. continuous​ improvement, customer​…

A: Price is the cost of product to the ultimate customers, hence it needs to be decided in such manner…

Q: When comparing absorption costing to variable costing, all of the below are disadvantages of…

A: Solution: When comparing absorption costing to variable costing, all of the below are disadvantages…

Q: Activity-based costing tends to pass the cost-benefit test for companies with  A. Operations that…

A: Activity based costing is a type of costing system in which costs are assigned or allocated to all…

Q: Activity-based costing is preferable in a system when multiple products have similar product…

A: Under activities based accounting, the overhead cost is applied to different activities differently.…

Q: Activity-based costing is preferable in a system: Group of answer choices A. when multiple products…

A: ABC (Activity based costing) framework was created to manage the drawbacks of customary costing…

Q: Process value analysis is the examination, quantification, and explanation of the effects of cost…

A: Process Value Analysis: Process value analysis involves a critical analysis of all the processes…

Q: Explaining why companies use performance evaluation systems Well-designed performance evaluation…

A: Performance evaluation system is an approach widely being followed in the organizations to analyze…

Q: The measurement, % of market share, would most likely be placed in which perspective of Balanced…

A: Since you have asked multiple questions, we will solve the first question for you . If you want any…

Q: The theory of constraints suggests that the improvement efforts should usually be focused on: a.…

A: Lets start with understanding of meaning theory of constraint. Theory of constraint find out the…

Q: ganization (Toyota Motors) for justifying "Companies with labor incentive manufacturing processes…

A: Labour intensive refers to a production process where labour costs are the largest components. It…

Q: Four types of eco-efficiency measures are identified below. Match the following descriptions to the…

A:

Q: Which is not true in lean manufacturing? a) Process flexibility results in market responsiveness b)…

A: Lean manufacturing is a system that enhances customer value and always strives towards improvement…

Q: When deciding whether to sell as is or process a product further, managers should ignore which of…

A:

Q: Classify the following under category of cost control or cost reduction: (1) Cost exceeding budgets…

A: Cost reduction is real and permanent reduction in cost and helps in savings. Cost control is…

Q: explain each of Highest added value activity, to increase switching cost, and to increase entry…

A: Barriers to entry are obstacles or obstacles that make it difficult for a new business to enter a…

Q: Which of the following is not true regarding continuous improvement?A. It applies to both service…

A: Continuous Improvement means business or process should be improving on regular or continuous basis.…

Q: Use of Earned Value Analysis in performance reporting What are the different metrics used? What is…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…

Q: Which of the following is a false statement about scrap and by-products? Select one: a. Both scrap…

A: Scrap is the incidental residue from material used in production activities that can be recovered…

Q: Which of these efforts or actions (i.e., changing values) requires managing quality, i.e., decrease…

A: Product production comprises all operations associated to the creation of a deliverable product,…

Q: hen asked how the productivity increase would be accomplished, River hinted that increasing the…

A: 1) Ethical Dilemma: 1.Speedup the Assembly process- by 2 to 3% unnoticed by the Labor/Union may…

Q: Which of the following statements is true with respect to the performance metrics useful for…

A: In production process, the ratio of direct labor should be more than the indirect labor. An ideal…

Q: What plant-level capacity ideas prioritize output? That is, what denominator-level capacity models…

A: The answer:

Q: Reduced time-to-market, reduced expected service cost, and ease-of-manufacture are critical success…

A: Cost life cycle is the procedure of combining together all the costs that are to be used starting…

Q: Briefly discuss two methods of reducing the undesirable incentives associated with the use of…

A: Use of absorption costing can lead to undesirable incentives when evaluating the performance of a…

Q: Explain why a new product costing system may be needed when line managers suggest that an apparently…

A: Product Costing System:-It is a framework that is used to determine the cost of the product for…

Q: Using ABC product cost information when considering reducing cost, which of the following would not…

A: Activity cost reduction can be attained in two ways: 1) Improve operation so that the activity -…

Q: The purpose of internal control is to have proper control over business. Proper control means, the…

A: The purpose of internal control is to have proper control over business. Proper control means, the…

Q: Which of the following statements is not false of costing​ systems?   A. ​Activity-based costing…

A: Introduction: Traditional costing is the more simplest method which typically delivers less accuracy…