Continuous Manufacturing

The video tutorial explains continuous manufacturing, contrasting it with discrete manufacturing. It covers types of continuous manufacturing, such as mass and process production, emphasizing standardized products and efficiency. The tutorial discusses accounting methods like first in, first out, and inventory management. It highlights labor efficiency, minimal human contact, and quality control, resulting in lower production costs and high product standardization.

What is a key characteristic of continuous manufacturing compared to discrete manufacturing?

• It involves a unique process for each product.

• It focuses on small batch production.

• It requires high levels of customization.

• It produces a sequence of products in a predetermined order.

Which of the following is a type of continuous manufacturing?

• Mass production

• Batch production

• Custom production

• Craft production

What accounting method is typically used in continuous manufacturing?

• Last in, first out

• Weighted average

• First in, first out

• Specific identification

How does continuous manufacturing achieve high efficiency?

• By allowing high variance in product output

• By increasing human contact with materials

• By minimizing human contact and focusing on labor efficiency

• By reducing the standardization of inputs

What is a result of the high degree of standardization in continuous manufacturing?

• Decreased efficiency

• Lower production costs and extreme quality control

• High variance in product quality

• Increased production costs