Lean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved in the production, in order to optimize the value for the product or the service. To Explain: The purchasing policy of Company SG.

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Answer 1

Question

Chapter 12, Problem 1PA

a)

To determine

Lean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved in the production, in order to optimize the value for the product or the service.

To Explain: The purchasing policy of Company SG.

b)

To determine

To Identify: The additional costs involved with the bid of Company M beyond price, and the reasons for ignoring them.

c)

To determine

To Calculate: The additional costs per pound for the bid of Company M, if the annual cost of money is 10%.

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Please provide the answer to this financial accounting question using the right approach.

Evergreen Systems purchased machinery for $92,000 on January 1, 2020. Additional costs included $4,500 in delivery charges and $8,000 for installation and setup. The machinery is expected to have a salvage value of $20,000 at the end of its 4-year useful life. What is the amount of accumulated depreciation on December 31, 2021, using the straight-line method?

I am looking for the correct answer to this financial accounting problem using valid accounting standards.

Answer 2

Question

Chapter 12, Problem 1PA

a)

To determine

Lean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved in the production, in order to optimize the value for the product or the service.

To Explain: The purchasing policy of Company SG.

b)

To determine

To Identify: The additional costs involved with the bid of Company M beyond price, and the reasons for ignoring them.

c)

To determine

To Calculate: The additional costs per pound for the bid of Company M, if the annual cost of money is 10%.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 1PA

a)

To determine

Lean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved in the production, in order to optimize the value for the product or the service.

To Explain: The purchasing policy of Company SG.

b)

To determine

To Identify: The additional costs involved with the bid of Company M beyond price, and the reasons for ignoring them.

c)

To determine

To Calculate: The additional costs per pound for the bid of Company M, if the annual cost of money is 10%.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 1PA

a)

To determine

Lean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved in the production, in order to optimize the value for the product or the service.

To Explain: The purchasing policy of Company SG.

b)

To determine

To Identify: The additional costs involved with the bid of Company M beyond price, and the reasons for ignoring them.

c)

To determine

To Calculate: The additional costs per pound for the bid of Company M, if the annual cost of money is 10%.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 1PA

a)

To determine

Lean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved in the production, in order to optimize the value for the product or the service.

To Explain: The purchasing policy of Company SG.

b)

To determine

To Identify: The additional costs involved with the bid of Company M beyond price, and the reasons for ignoring them.

c)

To determine

To Calculate: The additional costs per pound for the bid of Company M, if the annual cost of money is 10%.

Answer 6

Chapter 12, Problem 1PA

a)

To determine

Lean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved in the production, in order to optimize the value for the product or the service.

To Explain: The purchasing policy of Company SG.

Answer 7

Chapter 12, Problem 1PA

a)

To determine

Lean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved in the production, in order to optimize the value for the product or the service.

To Explain: The purchasing policy of Company SG.

Answer 8

b)

To determine

To Identify: The additional costs involved with the bid of Company M beyond price, and the reasons for ignoring them.

Answer 9

b)

To determine

To Identify: The additional costs involved with the bid of Company M beyond price, and the reasons for ignoring them.

Answer 10

c)

To determine

To Calculate: The additional costs per pound for the bid of Company M, if the annual cost of money is 10%.

Answer 11

c)

To determine

To Calculate: The additional costs per pound for the bid of Company M, if the annual cost of money is 10%.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 12 - What is the benefit of the lean philosophy?Ch. 12 - Prob. 2DQ Ch. 12 - Prob. 3DQ Ch. 12 - Prob. 4DQ Ch. 12 - Prob. 5DQ Ch. 12 - Why would a lean manufacturer strive to produce...Ch. 12 - Prob. 7DQ Ch. 12 - Prob. 8DQ Ch. 12 - Prob. 9DQ Ch. 12 - Prob. 10DQ

Lean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved in the production, in order to optimize the value for the product or the service. To Explain: The purchasing policy of Company SG.

Solution Summary: The author explains how Lean Manufacturing aims at reducing the cost and minimizing the waste involved in the production to optimize the value for the product or the service.

Lean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved in the production, in order to optimize the value for the product or the service.

To Explain: The purchasing policy of Company SG.

To Identify: The additional costs involved with the bid of Company M beyond price, and the reasons for ignoring them.

To Calculate: The additional costs per pound for the bid of Company M, if the annual cost of money is 10%.

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Chapter 12 Solutions