Group technology may be used to identify the physical similarity of manufactured parts. A major benefit of this would be facilitate

Which of the following are true regarding variable costing?
I. Fixed factory overhead is not assigned to the product
II. It is acceptable for external financial reporting
III. It is beneficial for internal analysis

Based on the following information, what is the lost time factor?
Planned hours     10
Standard hours earned      8
Actual hours worked     10

In product A, the standard amount of material to be used is 20 units. After running yesterday, 22 units were used to produce product A. The 2 extra units needed are known as a(an):

WORK CENTER 210 (in standard hours)
Period    1     2     3     4     5  
PLANNED INPUT  150   150    150    150   150  
ACTUAL INPUT 150 145 130
Period     1     2     3     4     5  
PLANNED OUTPUT 180    180    180    180    150  
ACTUAL OUTPUT 185 140 160
Based on the input/output control chart above, in which period was the input/output rule broken?

WORK CENTER 210 (in standard hours)
Period    1     2     3     4     5  
PLANNED INPUT  150   150    150    150   150  
ACTUAL INPUT 150 145 130
Period     1     2     3     4     5  
PLANNED OUTPUT 180    180    180    180    150  
ACTUAL OUTPUT 185 140 160
Based on the input/output control chart above, what should the input be in Period 4 in order to reduce the backlog?

A major effort in JIT is reducing or eliminating the queues. The benefits of reducing the queues are:
I. Faster setup times
II. Reduced inventory investment
III. Shorter lead times

Setup time reduction in a JIT implementation is very important because:
I. Small lot sizes reduce inventory
II. Production output will increase
III. All of the products can be made constant

The most important initial qualification for a supplier to possess in order to supply a Just-in-Time manufacturer is:

Which of the following are benefits of SMED (Single Minute Exchange of Die)?
I. Lower die costs
II. Lower inventory
III. Greater flexibility in manufacturing

In considering a carrier for use in a JIT delivery system, which of the following are important?
I. Equipment size and type
II. Capability to communicate effectively with supplier and customer
III. Flexibility to schedule changes