FREE Trial

(a) Describe the philosophy and approach of just-in-time processing. (b) Identify the major elements of JIT processing.

(a) Describe the philosophy and approach of just-in-time processing.
(b) Identify the major elements of JIT processing.

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!
  • Tutor Answer

a Justintime processing has a justintime philosophy and a pull approach b Ther…View the full answer


answer-question
Related Book For  answer-question
Accounting Principles

Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

See More Books
Question Details
Chapter # 21- Process Costing
Section: Questions
Problem: 21
Posted Date: September 20, 2011 07:33:49
See More Questions

Students also viewed these Managerial Accounting questions

Q:
Describe the philosophy that underlies JIT (i. e., what is JIT intended to accomplish?).
A:
The JITLean philosophy is embodied by five pr......
Q:
Describe the TQM philosophy and identify its major characteristics.
A:
TQM focuses on identifying the causes of quality problems and correcting these problems TQM......
Q:
Identify and briefly describe the major elements of project management.
A:
The project team consists of a group of individuals selected becau......
Q:
At fiscal year-end December 31, 2015, Shop-World had the following assets and liabilities on its balance sheet (in millions): Current liabilities ............ $9,459 Long-term debt .................
A:
Liz The reason that Tom thinks the debt structure of ShopWorld is risky and has calculated the debt......
Q:
Refer to the information for Jasmine Company above. Jasmine Company provided the following income statements for its first 3 years of operation: Required: Prepare common-size income statements by...
A:
Since the analysis is based on net sales net sales in each year equals 100 of itse......
Q:
The following trial balance has been extracted from the ledger of Andrea Howell, a sole trader, as at 31 May 20X3, the end of her most recent financial year. The following additional information as...
A:
Workings Depreciation expense property 1 x 90000 900 equipment 15 x 57500 8625 Provision for depreci......
Q:
Responding to identified risks in the revenue cycle rarely involves developing an audit approach that contains substantive procedures (e.g., tests of details and, when appropriate, substantive...
A:
Click to View...
Q:
The partners of Clash Company have decided to liquidate their business. Noncash assets were sold for $125,000. The income ratios of the partners M. Jones, J. Strummer, and P. Simonon are 3:2:3,...
A:
Item Cash Noncash Assets Liabilities M Jones Capita......
Q:
Submit an evaluation of the article, C. Smith, M. McCall, and M. McCall. 2015. "The Roberts Court and Criminal Justice: An Empirical Assessment." American Journal of Criminal Justice Address the...
A:
Central arguments and theories The central argument of Smith McCall and McCalls article is that the Roberts Court has had a significant impact on criminal justice policy but this impact has been more......
Q:
A Global private bank is aggressively looking to leverage technology to improve customer experience and reduce operational costs. Over the last few years, it has tied up with at least five startups...
A:
Solution To Brian Campbell Peter Drucker Margaret Bargon Ashley Judd a Subject Proposing Tracxn plat......
Q:
How does a company decide whether to use a job order or a process cost system?
A:
In deciding which system to use a costbenefit tradeoff occurs In a job order system detai......
Q:
(a) What are the principal differences between activity based costing (ABC) and traditional product costing? (b) What assumptions must be met for ABC costing to be useful?
A:
a The principal differences are ActivityBased Costing Traditional......
Q:
Show how you would accomplish the following transformations. You may use any additional reagents you need. (a) (b) (c) (d) (e) (f) CH,CH,CH3 OH (racemic) SO3H CH,-C-CH-CH,--C-OCH-CH,...
A:
a b c d e f......
Q:
Write a brief summary of Empirical research article with an sources it must have a method section and results of the article Family structure Family Processes and Adolescent Delinquency the...
A:
Title Family Structure Family Processes and Adolescent Delinquency The Significance of Parental Abse......
Q:
Svetlana Tauqir started working for Roberts Office Supply on February 2, 2013. Her salary is $45,000 per year and her regular work week is 37.5 hours. Vacation pay is accrued at 6%. For 2023 she has...
A:
To prepare a summary of Svetlana Tauqirs termination payments we need to consider her salary continuation vacation pay and any other relevant informat......
Q:
On this assignment you will use object-oriented programming techniques to make a pair of classes, Lobbyist and LobbyistActivity, that will allow you to hold all of the relevant information related to...
A:
ANSWER ure I can help you create the Lobbyist and LobbyistActivity classes in Python Heres a basic i......
Q:
Consider the following variant of the Rod Cutting problem. As we cut the rod, it becomes weaker, so we can only make k
A:
Create a 2D array dp of size n 1 x k 1 where dpij represents the maximum profit that can be obtained......
Q:
Create a Git Repository folder for your Assignment 3 Project, see hybrid handouts. Create the following location on your hard drive for the repository: Create an Eclipse Project Name the project:...
A:
1 Create a Git Repository folder on your hard drive You need to create a folder named CST8116Assignment03YourName on your C drive Replace YourName wit......
Q:
Find each square root. If it is not a real number, say so. V64
A:
ANSWER The squa......
Q:
Portal Manufacturing has total fixed costs of $520,000. A unit of product sells for $15 and variable costs per unit are $11. a). Prepare a contribution margin income statement showing predicted net...
A:
a Net income salesfixed costsvariable cost contribution per unit sales price per uni......
Q:
Write a short note on the 12 fun facts about color purple.
A:
Purple combines the calm stability of blue and the fierce energy of red The color purple is often associated with royalty nobility luxury power and am......
Q:
Write a short note on the famous early astronomer Thales of Miletus (624 - 548 B.C.E)
A:
One of the major ancient Greek astronomers and the first significant Greek philosop......
Q:
Write a short note on Reflexology
A:
Reflexology involves rubbing and relaxing the feet During reflexology there is the tendency to trans......
Q:
What are the upper and lower 2.5th percentiles for a chi-square distribution with 2 df? What notation is used to denote these percentiles? Pulmonary Disease The data in Table 6.10 concern the mean...
A:
We refer to Table 6 The low......
Q:
Calculate the IRR for the following projects. a. An initial outflow of $15,220 followed by inflows of $5,000, $6,000, and $6,500. b. An initial outflow of $47,104 followed by inflows of $16,000,...
A:
NPV 0 C 0 C 1 PVF IRR1 C 2 PVF IRR2 C 3 P......
Q:
The Super Donut owns and operates six doughnut outlets in and around Kansas City. You are given the following corporate budget data for next year: Revenues $10,000,000 Fixed costs $ 1,700,000...
A:
Case Revenue Variable cost Fixed cost Operating income 1 10000000......
Q:
Go to the Web site for the Malcolm Baldrige National Quality Award and find the answers to the following questions: a. When and why were the health and education categories established? b. How do the...
A:
Click to View...
Q:
A shareholders group, in lodging a protest, claimed that the mean tenure for a chief exective office (CEO) was at least nine years. A survey of companies reported in The Wall Street Journal found a...
A:
a H 0 9 H a 9 b Degrees of freedom n 1 84 Lower tail p value is P t 250......
Q:
Draft a descriptive paper that identifies and examines two types of intentional torts against a person (one that causes injury to a person) in your jurisdiction (state or locality). Be sure to...
A:
Im happy to provide you with an overview of two types of intentional torts against a person including the necessary elements and legal authorities in......
Q:
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales occur. The company has requested a $40,000, 90-day loan from its bank to help meet...
A:
1 Schedule of expected cash collections Month July August September Quarter From accounts receivable......
Q:
A taxpayer places a $50,000 5-year recovery period asset in service in 2015. This is the only asset placed in service in 2015. Assuming half-year convention, immediate expensing, and taxable income...
A:
The amou......
Q:
Grant Corporation sells land (a noninventory item) with a basis of $57,000 for $100,000. The buyer will pay on an installment basis in five equal annual payments, starting in the current year. The...
A:
c 43000 Explanation T......
Q:
A company with 800,000 shares outstanding and a target debt-equity ratio of 1.75 expects earnings for the coming year to be $10 million. Assume the company follows a strict residual dividend policy...
A:
Click to View...
Q:
Everything You Need Online, 2019 Income Statement ($ in millions) Amount $281,342 $205,768 $40,213 $19,900 $15,461 Net Sales Cost of goods sold Other operating costs Depreciation Earnings before...
A:
To calculate the dividends paid to common equity holders shareholders in 2019 we need to determine......
Q:
Presented below is financial information related to the 2022 operations of Sunland Auto Repair. Maintenance and repairs expense Utilities expense Salaries and wages expense Advertising expense...
A:
To compute the net income for Sunland Auto Repair in 2022 youll need to subtract al......
Q:
The following are the basic data for the income and costs of Father Company, which produces CR7 product: units 400 Number of units sold 25 S selling price variable costs Fixed costs $15 ($ included-...
A:
Lets calculate the breakeven point in units and in dollars first 1 Breakeven Point in Units Breakeve......
Q:
Cost and selling price for Product Z are as follows:- Direct materials Direct labour Variable overhead Fixed overhead absorption rate RM per unit 6.00 7.50 2.50 5.00 21.00 9.00 30.00 Profit Selling...
A:
To calculate the marginal costing profit and the absorption costing profit for the month well first need to compute the total costs for the actual pro......
Q:
A particle moving along the x-axis has its position given by the function, t + 1 x (t) t-2 t = 4? for all t> 2. What is the acceleration of the particle when
A:
Click to View...
Q:
What are the key mechanisms that have developed in EU law to overcome the absence of direct effect? To what extent, in your opinion, do these mechanisms offer an adequate level of protection?
A:
In EU law direct effect refers to the principle that certain provisions of EU treaties regulations and some directives can be invoked and applied directly by individuals before national courts However......
Q:
Match the following. Answers may be used more than once: Measurement Method A. Amortized cost B. Equity method C. Acquisition method and consolidation D. Fair value method Reporting Method 1. Less...
A:
D D C B A A 1 Less than 20 percent voting stock ownership 2 Current fair value 3 More th......
Q:
In Exercises find the limit L. Then use the - definition to prove that the limit is L. lim 9 x-5
A:
The limit as x approaches 5 of 9 is 9 To prove this using the definition......
Q:
In Exercises find the limit L. Then use the - definition to prove that the limit is L. lim (1-x) x-2
A:
The limit of the expression as x approaches 2 is L 1 22 3 To prove this using the definition we must......
Q:
In Exercises find the limit L. Then use the - definition to prove that the limit is L. lim x X x-9
A:
The limit of the function x as x approaches 9 is 3 To prove this using the d......
Q:
In Exercises find the derivative of the function by the limit process. f(x) = x - 4x + 5
A:
fx x2 4x 5 fx lim r0 lim Ar0......
Q:
Ellerson Company provided the following information for the last calendar year: Beginning inventory: Direct materials ...... $68,000 Work in process ...... 29,400 Finished goods ...... 43,200 Ending...
A:
1 Direct materials used 68000 278000 70400 275600 2 Direct materials 275600 Direct lab......
Q:
The odds in favor of an event is the ratio of the probability that the event occurs to the probability that it will not occur. For example, the odds that you were born on a Friday, assuming birth...
A:
a p1 p 116......
Q:
Some swimsuits are not garments intended for the water. Therefore, some garments intended for the water are not swimsuits. Use conversion, obversion, and contraposition to determine whether the...
A:
Click to View...
Q:
At the beginning of the current period, Emler Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000 (credit). During the period, it had net credit...
A:
a Accounts Receivable 800000 Sales 800000 Cash 7630......
Q:
You buy one Xerox June call contract (Exercise price = $60) and one June put contract (Exercise price = $60). The call premium is $5 and the put premium is $3. (Note that each contract is for 100...
A:
a The common name for the strategy of buying both put and call options on the same stock with the sa......
Q:
1. What are the advantages and disadvantages of Rovios current business model? 2. Do you agree with the company chairman Kaj Hed when he says he is satisfied with Rovios current situation? Rovio...
A:
1 Rovios stated ambition is to be a leading entertainment company with mobile games at its heart the main focus being games media and consumer products As Rovio wishes to be an entertainment company i......
Q:
In Exercises, find the limit. lim cos 01x 1 X
A:
O X......
Q:
In Exercises, find the limit. 2x lim 8118 (x61)1/3
A:
lim xx 2x x......
Q:
Fruit flies flight dynamics are interesting to study because they provide a proof-of-concept framework and inspiration for the invention of man-made machines. In an experiment (Roth, 2012), flies are...
A:
ANSWER a To make a Bode plot of the given openloop transfer function we first need to express it in......
Q:
Look around this week for an example of a merchant offering something for "free." Do you think there is anything deceptive about the merchant's offer? If they offer "free shipping," how do you know...
A:
A One example of a merchant selling anything for free is Free Samples India a website that gives free samples of different items in India The website......
Q:
8. Pebbles Limited manufactures three beers: Light, Medium and Hard. Mediu Hard m 180 60 $6 10 Selling price Variable costs Direct labour hour rate per unit Machine hours per unit Product Light...
A:
a Determine the optimal product mix The optimal product mix is to produce 10000 units of Light beer and 8000 units of Medium beer This is because the......
Q:
What is the administrative machinery behind the competition law in Australia? What is the competition test? What is a cartel provision? What is a boycott? What is the difference between price fixing...
A:
A The administrative machinery underlying the competition legislation in Australia consists of three primary bodies the Australian Competition and Consumer Commission ACCC the National Competition Cou......
Q:
Prepare a responsibility report for the manager of Deluxe Division The Deluxe Division, a profit center of Sunland Manufacturing Company, reported the following data for the first quarter of 2022:...
A:
Here is the responsibility report for the manager of Deluxe Division Deluxe Division Responsibility......
Q:
Over the course of 34 years, you plan to accumulate 1 million and retire immediately after. You will save $572.47 every month into your investment account starting one month from now. Part 1 Attempt...
A:
The investment must earn a monthly rate of return of......
Q:
A proposal to reduce traffic congestion on I-5 has a B/C ratio of 1.4. The annual worth of benefits minus disbenefits is $560,000. What is the first cost of the project if the interest rate is 6% per...
A:
As BC Annual worth of benefits Annual worth of......
ABC Of Clinical Reasoning 1st Edition - ISBN: 1119059100 - Free Book