Why is the output of a JIT system likely to contain fewer defective units than the output
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (22 reviews)
In a JIT system goods are produced only in sufficient quantity to meet customer demand ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why is the output at which marginal revenue equals marginal cost the maximum profit position?
-
The following table depicts the output of a firm that manufactures computer printers. The printers sell for $100 each. Labor Input Total Physical Output (workers per week) (printers per week) 10...
-
The table below is the output of polytomous (multinomial) logistic regression of clinical classification on insulin response (IR), steady-state plasma glucose (SSPG), and relative weight (RW). The...
-
A new out-of-state client, Robert Ball, has asked you to prepare a Form 709 for a large gift he made in 2013. When you request copies of any prior gift tax returns he may have filed, he responds,...
-
In problem, construct a truth table to verify each implication.
-
Newspaper columnist Ann Landers once asked her readers, If you had it to do over again, would you have children? [26]. Ten thousand people responded, of which 70 percent said no. a. Explain why there...
-
Check the solution to Example 14-1 with a McCabe-Thiele calculation. Example 1 In production of sodium hydroxide by the lime soda process, a slurry of calcium carbonate particles in a dilute sodium...
-
Hannoon, a Kuwaiti employee who worked as an information systems manager, requested Friday afternoons off to observe weekly Muslim prayer services. His supervisor noted in his personnel file, first...
-
Consider the following information for stocks A , B , and C . The returns on the three stocks are positively correlated, but they are not perfectly correlated. ( That is , each of the correlation...
-
wes gimost like a college reunion, though a totally unexpected, unplanned and unforeseen one. The seven friends met after fifteen years with no idea that they were ing to meet each other at this spot...
-
Distinguish between value-added and non-value-added activities and provide an example of each.
-
List and describe the four components of the cost of quality and provide examples of each.
-
Into which category, direct or indirect, would each of the elements of cost listed in Activity 10.3 fall, if we were seeking to find the cost of operating the entire business of Sparky Ltd for a...
-
Distinguishing Characteristics: Explain the fundamental differences between for-profit and nonprofit organizations and how these distinctions impact the accounting principles applied in each sector....
-
On January 1, 2022, Paula Company purchased a varnishing machine for P6,000,000. The entity received a government grant of P540,000 in respect of this asset. The accounting policy is to depreciate...
-
Evaluate (x + In (y) +z )dV = B {(x, y, z) | 0 < x < 1,1 < y < 5, 0 z < 10}. Round your answer to four decimal places.
-
SWOT Analysis Selected organization: Complete a SWOT analysis for your chosen company. Each analysis should be 75-100 words. Strengths Weaknesses Opportunities Threats
-
Find f''(x). f(x) = 7x2 f'(x) =
-
Demonstrate that Equation (5.9) is equivalent to Equation (5.4).
-
A survey of 70 college freshmen asked whether students planned to take biology, chemistry, or physics during their first year. Use the diagram to answer each question. How many of the surveyed...
-
A big pharmaceutical company, DRIg, has just announced a potential cure for cancer. The stock price increased from $5 to $100 in one day. A friend calls to tell you that he owns DRIg. You proudly...
-
Mason Company purchased items of inventory as follows. Dec. 2 50 units @ $20 Dec. 12 12 units @ $21 Mason sold 15 units on December 20. Determine the cost of goods sold for the month under the LIFO...
-
Jackson Specialties has been in business for more than 50 years. The company maintains a perpetual inventory system, uses a LIFO flow assumption, and ends its fiscal year at December 31. At year-end,...
-
The Ski Factory provided the following information at December 31, year 1. Marketable Securities The company invested $52,000 in a portfolio of marketable securities on December 22, year 1. The...
-
( a ) In this problem, we will now make deposits at the beginning of the year. The only columns we will need to interchange are the interest and deposit columns. Time and ending balance formula's...
-
Adjustments for the year ending december 31 2020. climbing equipment is depreciated using the accelerated depreciation method at a rate of 20%. the only acquisition made this year was made on...
-
You are a PM for an electronics component manufacturer. You are managing a project to produce a new component that will be offered to your customers. To identify potential risks for your project, you...
Study smarter with the SolutionInn App