Answer:
The operation manager would want the inventory in front of process A based on the lean system.
Explanation:
To fully understand the basis on which we chose the answer, we need to define what a lean system is.
A Lean system refers to a business process plan. More a of business model canvass that meticulously deal with business process plan and development for the purpose of achieving maximum value in production, client and customer satisfaction while still at a reduced cost of running business. It should also be noted that the lean system is mostly a continuum of existing process and subsequent process progress are mostly determined by the level of integrity attained by the primary design stage.
With the understanding gotten from the definition above, it then obvious from the narrative of the question that the process is consecutive. As such, follows a pattern of A to B to C and thus the level of integrity of process design achieved at A will be passed down to B and C.
This is the more reason why the operation manager will prefer to to want an inventory at A which is the primary point of start.
Answer: The accounts DEBITS are listed first then the accounts CREDITS would be listed next.
Explanation: In preparing a journal entry, the journal entry date is first stated. This is followed by all accounts DEBITS and the accounts CREDITS are listed next.
The sum of the debits on the journal entry must equate the total sum of the credits. This will help to balance the trial balance.
Answer:
TRUE: A. Different companies will use different charts of accounts based on individual company need.
C. The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.
Explanation:
A. <u>Different companies will use different charts of accounts based on individual company need.</u>
A chart of accounts is the combination of all the accounts of an organization in an organized and structured model whose objective is to establish a codification so that there is a standardization of the company's financial information to assist the work of the accounting sector.
Therefore, each company will have a model chart of accounts referring to its activities and processes.
<u>C.</u><u> </u><u>The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts.</u>
<u>
</u>The general ledger can be defined as the set of all accounts held in the organization in detail.
Through the information in the accounts, the organization is able to correctly separate each one by type and carry out the organizational financial statement.
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Answer
The company should sell XY as it is because processing it further would reduce its income by $(33,000)
Explanation
<em>A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.
</em>
Product A $
Additional revenue ( 31 -26)× 6,600 33,000
Further processing cost (10× 6600) <u> ( 66,000)</u>
Loss from further processing (100) <u>(33,000)</u>
