Lean Business Model − A Lean Business Model is a model or a strategy that focuses on the consumers needs and ignores the unwanted part that might spoils the strategy to attract customers towards the business. Lean Business − A Lean Business is an approach of getting better accountability and profitability by proper planning and managing of the business model. Traditional Business − A Traditional Business form is an old way of getting customer to their store and then sells services or goods to the one who has approached. Identification of a Lean and the Traditional form of the businesses

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Answer 1

Question

Chapter D, Problem 1QS

To determine

Concept Introduction:

Lean Business Model − A Lean Business Model is a model or a strategy that focuses on the consumers needs and ignores the unwanted part that might spoils the strategy to attract customers towards the business.

Lean Business − A Lean Business is an approach of getting better accountability and profitability by proper planning and managing of the business model.

Traditional Business − A Traditional Business form is an old way of getting customer to their store and then sells services or goods to the one who has approached.

Identification of a Lean and the Traditional form of the businesses

Expert Solution & Answer

Explanation of Solution

Particulars	Business Form
Production begins with sales forecasts	Lean Business
Uses "pull' production	Lean Business
Aims for zero defects	Traditional Business
Uses large batch sizes	Lean Business
Quality is controlled at each process	Lean Business
Uses just-in-time inventory systems	Traditional Business

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Chapter 15 Homework 13 Saved Help Save & Exit Submit Part 1 of 2 0.83 points eBook Ask Required information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,800 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials Total materials used $ 49,000 24,400 73,400 9,420 $ 82,820 c. Time tickets show the following labor used for the month. Print References Job 201 $ 40,000 Job 202 13,400 Total direct labor 53,400 25,000 $ 78,400 Indirect labor Total labor used d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $166,160 on credit. g. Incurred the following actual other…

quesrion 2

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Answer 2

Question

Chapter D, Problem 1QS

To determine

Concept Introduction:

Lean Business Model − A Lean Business Model is a model or a strategy that focuses on the consumers needs and ignores the unwanted part that might spoils the strategy to attract customers towards the business.

Lean Business − A Lean Business is an approach of getting better accountability and profitability by proper planning and managing of the business model.

Traditional Business − A Traditional Business form is an old way of getting customer to their store and then sells services or goods to the one who has approached.

Identification of a Lean and the Traditional form of the businesses

Expert Solution & Answer

Explanation of Solution

Particulars	Business Form
Production begins with sales forecasts	Lean Business
Uses "pull' production	Lean Business
Aims for zero defects	Traditional Business
Uses large batch sizes	Lean Business
Quality is controlled at each process	Lean Business
Uses just-in-time inventory systems	Traditional Business

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Answer 3

Question

Chapter D, Problem 1QS

To determine

Concept Introduction:

Lean Business Model − A Lean Business Model is a model or a strategy that focuses on the consumers needs and ignores the unwanted part that might spoils the strategy to attract customers towards the business.

Lean Business − A Lean Business is an approach of getting better accountability and profitability by proper planning and managing of the business model.

Traditional Business − A Traditional Business form is an old way of getting customer to their store and then sells services or goods to the one who has approached.

Identification of a Lean and the Traditional form of the businesses

Expert Solution & Answer

Explanation of Solution

Particulars	Business Form
Production begins with sales forecasts	Lean Business
Uses "pull' production	Lean Business
Aims for zero defects	Traditional Business
Uses large batch sizes	Lean Business
Quality is controlled at each process	Lean Business
Uses just-in-time inventory systems	Traditional Business

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Answer 4

Question

Chapter D, Problem 1QS

To determine

Concept Introduction:

Lean Business Model − A Lean Business Model is a model or a strategy that focuses on the consumers needs and ignores the unwanted part that might spoils the strategy to attract customers towards the business.

Lean Business − A Lean Business is an approach of getting better accountability and profitability by proper planning and managing of the business model.

Traditional Business − A Traditional Business form is an old way of getting customer to their store and then sells services or goods to the one who has approached.

Identification of a Lean and the Traditional form of the businesses

Expert Solution & Answer

Explanation of Solution

Particulars	Business Form
Production begins with sales forecasts	Lean Business
Uses "pull' production	Lean Business
Aims for zero defects	Traditional Business
Uses large batch sizes	Lean Business
Quality is controlled at each process	Lean Business
Uses just-in-time inventory systems	Traditional Business

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Answer 5

Chapter D, Problem 1QS

To determine

Concept Introduction:

Lean Business Model − A Lean Business Model is a model or a strategy that focuses on the consumers needs and ignores the unwanted part that might spoils the strategy to attract customers towards the business.

Lean Business − A Lean Business is an approach of getting better accountability and profitability by proper planning and managing of the business model.

Traditional Business − A Traditional Business form is an old way of getting customer to their store and then sells services or goods to the one who has approached.

Identification of a Lean and the Traditional form of the businesses

Expert Solution & Answer

Explanation of Solution

Particulars	Business Form
Production begins with sales forecasts	Lean Business
Uses "pull' production	Lean Business
Aims for zero defects	Traditional Business
Uses large batch sizes	Lean Business
Quality is controlled at each process	Lean Business
Uses just-in-time inventory systems	Traditional Business

Answer 6

Chapter D, Problem 1QS

To determine

Concept Introduction:

Lean Business Model − A Lean Business Model is a model or a strategy that focuses on the consumers needs and ignores the unwanted part that might spoils the strategy to attract customers towards the business.

Lean Business − A Lean Business is an approach of getting better accountability and profitability by proper planning and managing of the business model.

Traditional Business − A Traditional Business form is an old way of getting customer to their store and then sells services or goods to the one who has approached.

Identification of a Lean and the Traditional form of the businesses

Expert Solution & Answer

Explanation of Solution

Particulars	Business Form
Production begins with sales forecasts	Lean Business
Uses "pull' production	Lean Business
Aims for zero defects	Traditional Business
Uses large batch sizes	Lean Business
Quality is controlled at each process	Lean Business
Uses just-in-time inventory systems	Traditional Business

Answer 7

Chapter D, Problem 1QS

To determine

Concept Introduction:

Lean Business Model − A Lean Business Model is a model or a strategy that focuses on the consumers needs and ignores the unwanted part that might spoils the strategy to attract customers towards the business.

Lean Business − A Lean Business is an approach of getting better accountability and profitability by proper planning and managing of the business model.

Traditional Business − A Traditional Business form is an old way of getting customer to their store and then sells services or goods to the one who has approached.

Identification of a Lean and the Traditional form of the businesses

Answer 8

Expert Solution & Answer

Explanation of Solution

Particulars	Business Form
Production begins with sales forecasts	Lean Business
Uses "pull' production	Lean Business
Aims for zero defects	Traditional Business
Uses large batch sizes	Lean Business
Quality is controlled at each process	Lean Business
Uses just-in-time inventory systems	Traditional Business