Wild Rides manufactures snowboards. John Gallagher, the CEO, is trying to decide whether to adopt a lean her, the CEO, is trying to d production model. He expects that adopting lean production would save $95,000 in warehousing expenses and $38,200 in spoilage costs However, adopting lean production will require several one-time up-front expenditures: (1) $13,500 for an employee training program, (2) $37,000 to streamline the plant's production process, and (3) $8,250 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 Wild Rides adopt lean production? Why or why not? Requirement 1. What are the total costs of adopting lean production? The total costs of adopting lean production are S

Wild Rides 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 $95,000 in warehousing expenses and $38,200 in spoilage costs However, adopting lean production will require several one-time up-front expenditures. (1) $13,500 for an employee training program, (2) $37,000 to streamline the plant's production process, and (3)$8,250 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 Wild Rides adopt lean production? Why or why not? Requirement 1. What are the total costs of adopting lean production? The total costs of adopting lean production are $