Discuss the manner to organize the manufacturing cell for small heater line and way it differ from the traditional arrangement. Identify whether there is any training costs be associated with the transition to JIT. Explain the same.
Discuss the manner to organize the manufacturing cell for small heater line and way it differ from the traditional arrangement. Identify whether there is any training costs be associated with the transition to JIT. Explain the same.
Solution Summary: The author explains just-in-time (JIT) manufacturing system, which eliminates and reduces non-value-added activities and concentrates on both product quality and efficiency.
Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.
Chapter 11, Problem 34P
1.
To determine
Discuss the manner to organize the manufacturing cell for small heater line and way it differ from the traditional arrangement. Identify whether there is any training costs be associated with the transition to JIT. Explain the same.
2.
To determine
Explain the manner that the production time for 300 units can be reduced to about 50 hours, with computations. If it is true, identify the implications does it have for Incorporation R’s competitive position.
3.
To determine
Explain the organizational and operational activity that must be manages to bring about the reduction in the production time. Identify the cost drivers related with these activities. In case of operational drivers, identify the expected effect on activity costs.
4.
To determine
Explain the reason for increased employee morale due to change to JIT.
5.
To determine
Explain the JIT features that made the lower price and higher profits possible.
6.
To determine
Provide justification for the Controller’s statement.
7.
To determine
Describe the impact of JIT on the other management accounting practices.
Cornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage Learning
Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,