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Ford Motor Company implements Lean accounting principles. Requirements: Calculate the Labor Efficiency Ratio (LER) for a production line that employs 1,000 workers and produced 100,000

  • Ford Motor Company implements Lean accounting principles.
  • Requirements:
    • Calculate the Labor Efficiency Ratio (LER) for a production line that employs 1,000 workers and produced 100,000 vehicles in a month.
    • Propose actions to improve LER.
    • Justify how improving Labor Efficiency Ratio aligns with Lean principles in automotive manufacturing at Ford.
    • Analyze the labor efficiency ratio impact on Ford's balance sheet.

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