manufactures snowboards. John Gallagher$,$ the$$ CEO, is trying to decide whether to adopt a lean production model. He expects that adopting lean production would save $ $102$ comma $000$ in warehousing expenses and $ $35$ comma $200$ in spoilage costs.$$ However, adopting lean production will require several$$ one$-$time up$-$front$$ expenditures: $(1)$ $ $16$ comma $500$ for an employee training$$ program, $(2)$ $ $39$ comma $000$ to streamline the$$ plant's production$$ process, and$(3)$ $ $9$ comma $500$ to identify suppliers that will guarantee zero defects and$$ on$-$time delivery.

Requirements

$1.$ What are the total costs of adopting lean$$ production?

$2.$ What are the total benefits of adopting lean$$ production?

$3.$ Should Cool Moves adopt lean$$ production? Why or why$$ not?

Question content area bottom

Part $1$

Requirement $1.$ What are the total costs of adopting lean$$ production?

The total costs of adopting lean production are $$$

$$

$65,000.$

Part $2$

Requirement $2.$ What are the total benefits of adopting lean$$ production?

The total benefits of adopting lean production are $$$

$$

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