Question: The process of using activity-based costs to help reduce or eliminate non-value added activities is called: a) Activity-based management. b) Activity-based benchmarking. c) Activity-based elimination.
The process of using activity-based costs to help reduce or eliminate non-value added activities is called:
| a) | Activity-based management. | |
| b) | Activity-based benchmarking. | |
| c) | Activity-based elimination. | |
| d) | Activity-based costing. | |
Which of the following is a component of activity-based management, but is not a component of activity-based costing?
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| c) | Determine cost per unit of activity. | |
| d) | Identify activity measures. | |
Which of the following is not a characteristic of just-in-time manufacturing systems?
| a) | Production output described as "supply push" manufacturing. | |
| b) | Highly skilled work force. | |
| c) | Close relationships with suppliers. | |
| d) | Reduced inventory levels. | |
Which of the following is not considered an element of total cycle time?
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| b) | Design and development time. | |
| c) | Storage and waiting time. | |
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Of total cycle time, value-added activities occur only during:
| a) | Storage and waiting time. | |
| b) | Design and development time. | |
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A companies total cycle time is 40 hours. Of this time, 30 hours represent non-value-added activities. The company's manufacturing efficiency ratio (expressed as a percentage) is:
Which of the following is not considered a cost component of achieving quality?
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| c) | External failure costs. | |
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