Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 03, 2020

Is jit applicable to all types of manufacturing companies?

Step by Step Solution

★★★★★

3.41 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

JIT is basically an approach of managing inventory is which no buffer inventory is kept and inventory will only be ordered once it is needed in the pr... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial and Managerial Accounting Using Excel for Success

Authors: James Reeve, Carl S. Warren, Jonathan Duchac

1st edition

1111535221, 1111535223, 9781285400914 , 978-1111993979

More Books

Students also viewed these Accounting questions

Question

★★★★★

Identify three types of manufacturing companies for which process costing would be an appropriate product costing system. What characteristic(s) do the products of these companies have that would...

Answered: 1 week ago

Question

★★★★★

Pat Sharpe enjoys listening to all types of music and owns countless CDs. Over the years, Pat has gained a local reputation for knowledge of music from classical to rap and the ability to put...

Answered: 1 week ago

Question

★★★★★

Equation 15-10 applies to all types of periodic waves, including electromagnetic waves such as light waves and microwaves, which travel at 3 x 10 8 m/s in a vacuum. (a) The range of wavelengths of...

Answered: 1 week ago

Question

★★★★★

Jerome Neeson is a shareholder in Gourmet Chefs Inc., a company that owns and operates a test kitchen in a large metropolitan area. The company is involved in a number of businesses, including...

Answered: 1 week ago

Question

★★★★★

A firm has a debt-to-equity ratio of .5 and a market-to-book ratio of 2. What is the ratio of the book value of debt to the market value of equity?

Answered: 1 week ago

Question

★★★★★

=+How would you respond to Faye and Pat if you were Julie?

Answered: 1 week ago

Question

★★★★★

A supermarket has two exponential checkout counters, each operating at rate . Arrivals are Poisson at rate . The counters operate in the following way: (i) One queue feeds both counters. (ii) One...

Answered: 1 week ago

Question

★★★★★

The data shown in Table 3E.2 are chemical process yield readings on successive days (read down, then across). Construct a histogram for these data. Comment on the shape of the histogram. Does it...

Answered: 1 week ago

Question

★★★★★

Question 12 0.25 pts Rodney writes a paper for his English 302 class at the last minute. He used a line from a famous Robert Frost poem in his paper. He inadvertently forgot to cite Robert Frost....

Answered: 1 week ago

Question

★★★★★

How was the experience with abstract writing.

Answered: 1 week ago

Question

★★★★★

KLN stock has a beta of 1.90. The expected annual dividend per share for the coming year is $5.00. The dividend is expected to grow indefinitely at an annual rate of 5.10%. The market risk premium is...

Answered: 1 week ago

Question

★★★★★

Is there any lesson of significance that you have learned from the Goal? If so, explain the relevance of this operational phenomenon to service-based and manufacturing organizations.

Answered: 1 week ago

Question

★★★★★

The OM supervisor informs you, the researcher, that the data has a large standard deviation. What data pattern would you expect to observe once you generated a time series trend?

Answered: 1 week ago

Question

★★★★★

Kari, a member of the Wave Earbuds research team, will be presenting findings about the prototype for the new wireless earbuds during an upcoming meeting. Since this meeting will have representatives...

Answered: 1 week ago

Question

★★★★★

Correct answer with proper explanation Jack could manufacture COVID 19 test kits using two processes. For process 1, the unit cost of the first two million kits is $10, and the unit cost is reduced...

Answered: 1 week ago

Question

★★★★★

Explain the concept of masking interrupts. Discuss different masking mechanisms and how they can affect the execution of a program. Describe difficulties you might encounter when developing an...

Answered: 1 week ago

Question

★★★★★

A bond with a face value of $1000 makes quarterly payments of $20. The bond is currently selling for $1047.83 and has 10 years remaining until maturity. What is the bond's official yield-to-maturity?...

Answered: 1 week ago

Question

★★★★★

Fred Farmer needs to prepare a balance sheet for his bank. He spent the day getting the following information. Fred needs your help to build a balance sheet and evaluate it. The information was...

Answered: 1 week ago

Question

★★★★★

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Apply lower of cost or market to each inventory item as shown in Exhibit 8. Exhibit 8:...

Answered: 1 week ago

Question

★★★★★

Variable manufacturing costs are $11 per unit, and fixed manufacturing costs are $55,000. Sales are estimated to be 10,000 units. a. How much would absorption costing income from operations differ...

Answered: 1 week ago

Question

★★★★★

Empire Realty, organized May 1, 2012, is owned and operated by Bertram Mitchell. How many errors can you find in the following statements for Empire Realty, prepared after its first month of...

Answered: 1 week ago

Question

★★★★★

3. How do people's daily experiences in their contingent versus noncontingent domains affect their state self-esteem? Over time, how might these experiences translate to trait self-esteem?

Answered: 1 week ago

Question

★★★★★

Self-control strategies can be implemented automatically, such as when behavior unfolds automatically as specified in an implementation intention or when long-term goals automatically spring to mind...

Answered: 1 week ago

Question

★★★★★

4 Do people from Eastern cultures generally feel worse about themselves than people from Western cultures do? How do researchers interpret self-reported self-esteem differences between cultures?

Answered: 1 week ago

Previous Question Next Question