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Irina18 [472]
4 years ago
10

An effective just-in-time system will include: Multiple Choice

Business
2 answers:
timurjin [86]4 years ago
5 0

Answer:

<u>Sizable inventories of raw materials</u>

Explanation:

An effective Just-in-time system includes <u>Sizable inventories of raw  material  .</u>

<em>Just-in-time system is that system in which products are made just a few hours earlier then that when they are going to use.</em>

Just-in-time system helps in minimizing the cost and in increasing efficiency. It also helps in increasing the inventory turnover. This technique also helps the company in reducing its waste. This technique also increase the productivity of the company. It also helps the company in improving its product quality.

It is a very effected technique for a company.

tatuchka [14]4 years ago
3 0

Answer:

The correct answer is letter "C": Sizable inventories of raw materials.

Explanation:

Just In Time (JIT) is a system where goods are supplied as close as possible to when they are actually required. For a reselling company, this means that goods arrive just before they hit the customer purchase shelves. This means components and raw materials arrive for a manufacturing company, only before they are applied to the final product. Maintaining less inventory on hand means a firm has more cash and credit available for other uses.

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Current information for the Healey Company follows: Beginning raw materials inventory $ 29,200 Raw material purchases 74,000 End
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Answer:

cost of goods manufactured= $167,800

Explanation:

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

First, we need to determine the direct material used in production:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 29,200 + 74,000 - 30,600= 72,600

cost of goods manufactured= 36,400 + 72,600 + 56,800 + 44,000 - 42,000

cost of goods manufactured= $167,800

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Explanation:

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Answer:

Credit to cash for 250

Explanation:

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Now the adjusting the company cash balance for reconciling the item would include a credit for cash for $250 so that the balance should be equaled

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