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1. Go to www.journalofaccountancy.com and search for articles on lean accounting. Using articles found in this search, answer the following questions: a. Why do standard-costing

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1. Go to www.journalofaccountancy.com and search for articles on lean accounting. Using articles found in this search, answer the following questions: a. Why do standard-costing practices no longer make sense for a lean organization? If standard costing is replaced with a lean accounting approach, what problems might afirm then face? 2. Go to www.leanadvisors.com and identify companies that have implemented learn manufacturing. Answer the following questions: What kind of benefits did manufacturing companies experience from a. implementing lean manufacturing? b. Can lean approaches be applied to service organizations? If yes, describe a specific implementation for a service organization and the resulting benefits

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