
(a)
Concept introduction:
The ‘just is time’ is a system whose objective is to produce goods as they are required by a customer or for use, rather than for stock.
The reasons for implement a JIT system.
(b)
Concept introduction:
The just is time is a system whose objective is to produce or to be products as they are required by a customer or for use, rather than for stock.
To compute:
The potential benefits of JIT systems.
(c)
Concept introduction:
The just is time is a system whose objective is to produce or to be products as they are required by a customer or for use, rather than for stock.
The potential negative consequences of using a JIT system.
(d)
Concept introduction:
In Just in time, we purchase the raw martial when we required.
Whether potential benefits outweigh the possible cost.

Want to see the full answer?
Check out a sample textbook solution
Chapter 4 Solutions
Managerial Accounting
- Provide Answerarrow_forwardI need the correct answer to this general accounting problem using the standard accounting approach.arrow_forwardJK Industries uses a predetermined overhead rate based on machine-hours to apply overhead to the manufacturing process. Last year, JK incurred manufacturing overhead costs totaling $310,000 and used 120,000 machine-hours. This year, JK estimated manufacturing overhead to be $360,000 and expected to incur 130,000 machine-hours. JK actually incurred $375,000 of manufacturing overhead and incurred 140,000 machine-hours this year. What is the manufacturing overhead applied to production?arrow_forward
- At Breezecool, the standard quantity of labor is 18 hours per air conditioning unit. The standard wage rate is $28. In August, the company produced 110 air conditioning units and incurred 1,925 labor hours at a cost of $50,050. Calculate the labor rate variance and the labor efficiency variance. Indicate whether the variances are favorable or unfavorable.arrow_forwardYou believe the expected return on GANDHI is 12.50%, and that the variance of GANDHI's returns is 0.4900. What is the coefficient of variation for this company? Express the answer with 3 decimal places.arrow_forwardSUBJECT= GENERAL ACCOUNTarrow_forward
- Cornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage LearningSurvey of Accounting (Accounting I)AccountingISBN:9781305961883Author:Carl WarrenPublisher:Cengage LearningPrinciples of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax College
- Principles of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax CollegeManagerial Accounting: The Cornerstone of Busines...AccountingISBN:9781337115773Author:Maryanne M. Mowen, Don R. Hansen, Dan L. HeitgerPublisher:Cengage LearningPkg Acc Infor Systems MS VISIO CDFinanceISBN:9781133935940Author:Ulric J. GelinasPublisher:CENGAGE L



