MANAGERIAL ACCOUNTING FOR MANAGERS
MANAGERIAL ACCOUNTING FOR MANAGERS
5th Edition
ISBN: 9781264196456
Author: Noreen
Publisher: MCG
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Chapter 4, Problem 4.10Q
To determine

Concept introduction:

Lean production is a production management method that minimizes the ending inventory or waste and matches the production with market demand or sales. 

To indicate:The way production reduces or eliminates the difference in reporting net income between two methods.  

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