Fox Security Devices (FSD) has introduced a just-in-time production process and is considering the adoption of lean accounting principles to support its new production philosophy, The company has two product lines: Mechanical Devices and ectronic Devices. Two individual products are made in each line. Product-line manufacturing overhead costs are traced directly to product lines and then allocated to the two individual products in each line. The company's traditional cos accounting system allocates all plant-level facility costs and some corporate overhead costs to individual products. The latest accounting report using traditional cost accounting methods included the following information (in thousands of dollars). (Click the icon to viewthe accounting report. (Clickthe icon to view further information.) Requirements 1. What are the cost objects in FSDs lean accounting system? 2. Compute operating income for the cost objects identified in requirement 1 using lean accounting principles. What Would you compare this operating income against? Comment on your results. FSD h identified the following area (s). Mechanical Devices and Electronic Devices as Requirement 2. Compute operating income for the cost objects identified in requirement 1 using lean accounting principles. What would you compare this operating income against? Comment on your results, Use the table below to compute operating income for the cost objects identified in requirement 1 using lean accounting principle Enter all amounts in thousands Mechanical Electronic Accounting report (n thousands of dollars) Devices Devices Sales Costs Mechanical Devices Electronic Devices Direct material Product A Product B Product C Product D Direct manufacturing labor Sales 770 510 970 S Manufacturing overhead Direct materials (based on quantity used) 215 95 260 50 Design and marketing costs Direct manufacturing labor 80 80 65 ant facility costs Manufacturing overhead (equipment lease, Value stream operating income supervision, production control) 100 125 195 30 Allocated plant-level facility costs 45 20 60 Choose from any list or enter any number in the input fields and then dick Ched Design and marketing costs 96 53 109 45 29 1 part remaining Allocated corporate overhead costs 36 Check Answer 05 30 100 S CASHvs Acrual JPG Photos