Indicate whether each of the following costs should be higher or lower for

a world-class (or JIT) manufacturer than for a conventional manufacturer. Briefly state why.

18. Indicate whether each of the following costs should be higher or lower for a world-class (or JIT) manufacturer than for a conventional manufacturer. Briefly state why. (a) Product warranty costs. (b) Salaries of quality control inspectors. (c) Amounts paid to vendors for parts and components. (d) Wage rates for direct laborers. (e) Total supervisory salaries. ( f ) Warehousing costs, including rent or depreciation on space, salaries and wages of employees, utilities, etc. 19. In a Just-in-Time (JIT) system, what is meant by the pull approach to the flow of goods, as compared to the push approach used in conventional systems? 20. Identify the benefits that can result from reducing the setup time for a product