Lean Manufacturing Process Improvement Reduces Road Blocks to Quickly Adding

question 32

Multiple Choice

Lean manufacturing process improvement reduces road blocks to quickly adding value by enhancing all of the following except ________.

• A) set-up time reduction
• B) standardized work
• C) quality at the source
• D) labor relations

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Definitions:

Favorable Variances

Differences between actual and budgeted or standard costs that result in better-than-expected financial performance.

Unfavorable Variances

Differences where actual costs are higher than standard or expected costs in budgeting.

Cost Variance

The difference between the estimated cost of a project or production and the actual cost incurred.

Standard Cost

A predetermined cost of manufacturing, established based on historical data, for the purpose of budgeting and performance evaluation.