1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrRa [10]
3 years ago
5

Lean production should result in reduced inventories. If lean production is successfully implemented, the difference in net oper

ating income computed under the absorption and variable costing methods should be reduced.
Business
1 answer:
harina [27]3 years ago
3 0

Answer:

True

Explanation:

If lean production totally eliminates inventories, the net operating income computed under the absorption and variable costing methods should be equal.  If lean production only reduces inventories, then the difference in net operating income under the two methods will be reduced.

Lean production is a system of production that tries to eliminate bottlenecks in the flow of goods by employing tools like just in time (JIT), Kaizen, and the 5S of Sort, Set in Order, Shine, Standardize, and Sustain, among others.  It attempts to cut costs, reduce unnecessary inventory, shorten production cycle, speed response time, grant employees autonomy,  and reduce waste of resources while ensuring high quality and customer satisfaction.

Lean production employs some principles in order to achieve efficiency.  They are: 1) definition of value, 2) mapping the value stream, 3) creating efficient flow, 4) using a pull system, and 5) pursuing perfection in all aspect of production activities.  The Lean approach can be applied to services and other aspect of business, like system, structure, and organization.

You might be interested in
Consumer education focuses heavily on a product’s
Tasya [4]
The answer is B- prices
6 0
3 years ago
The makers of Tide Detergent recently created "pods" of the product, characterized by a small, square, plastic-wrapped packet th
notsponge [240]

Answer:

maturity

Explanation:

Based on the information provided within the question it can be said that in this scenario the Tide Detergent "pods" product is in the maturity stage of the product life cycle. This stage is characterized by being the longest stage in the cycle and in which sales begin to decline because the product has reached the apex of the demand curve. Advertisement in this stage has little effect on sales for the product and instead the best option would be to make changes to the product in order to lower costs and thus increase more profits, which is what they have done by making the product easier and more affordable to transport

4 0
3 years ago
Who is a better president Biden or trump ?? Just to see why some people support whoever they support.... but Biden 2020 (HONEST
Art [367]
Bashar Assad is the best
5 0
3 years ago
Read 2 more answers
What is VAT number?why we need this?
mina [271]

Answer:

what is a vat

Explanation:

7 0
2 years ago
Read 2 more answers
a salesman bought 2 dozen television sets at $300 each. he sold two-thirds of them at a 25% profit but was forced to take a 30$
alukav5142 [94]

Original price: 24 times 300 = 7200

Making money: 0.25*(2/3)24*300 = 1200

Loss: 0.3*(1/3)24*300 = 720

Profit overall = 120–720 = $480

A good that is commonly accepted as a medium of economic exchange is money. It serves as the main determinant of wealth and the medium through which prices and values are expressed. It is used as a medium of exchange since it can move anonymously from one person to another and from one country to another.

The primary function of money is to enable a trade to occur without the dreaded double coincidence of barter by enabling the distinction between buying and selling.

Theoretically, credit may fulfil this need, but the supplier would need to know the probability of repayment before extending credit. In contrast to using money, this requires far more information on the customer and involves informational and verification fees.

Learn more about money here:

brainly.com/question/22984856

#SPJ4

7 0
1 year ago
Other questions:
  • Jorge is considering an investment that will pay $4,650 a year for five years, starting one year from today. What is the maximum
    9·1 answer
  • Your job is to submit a risk diagnosis to the Centers for Medicare & Medicaid Services (CMS) for the purpose of payment. As
    6·1 answer
  • . Acme Parts runs a small factory and employs workers who are paid one of three hourly rates depending on their shift: first shi
    14·1 answer
  • Balsco's balance sheet shows total assets of $238,000 and total liabilities of $107,000. The firm has 55,000 shares of stock out
    10·1 answer
  • Greg is planning an advertising campaign to promote his kayak tour company. The success of his ad campaign depends on ________.
    8·1 answer
  • Conducting a thorough assessment to document what sensitive information an organization is collecting, where it is stored, how l
    13·2 answers
  • So you can retire early, you have decided to start saving $500 a month starting one month from now. You plan to retire as soon a
    14·1 answer
  • Explain the importance of denists and physiotherapists​
    11·1 answer
  • The general rule for using the weighted average cost of capital (WACC) in capital budgeting decisions is to accept all projects
    13·1 answer
  • from a customer's perspective, what is defined as a ratio of the bundle of benefits a customer receives from an offering, compar
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!