Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. boris company introduced jit manufacturing last ye

Boris Company introduced JIT manufacturing last year and has prepared the following data to assess...

60.1K

Verified Solution

Question

Accounting

Boris Company introduced JIT manufacturing last year and has prepared the following data to assess the benefits from the change:

Category

Before the Change

After the Change

Inventories

$220,000

$40,000

Total sales

$1,000,000

$1,500,000

Costs as percent of sales:

Direct materials

25%

20%

Direct labor

20%

15%

Support

27%

17%

Inventory financing costs are 12% per year. By completing the chart below, calculate the total financial benefits that resulted from the switch to JIT manufacturing operations.

Before Change

After Change

Difference

Sales

Direct materials

Direct labor

Support costs

Inventory carrying costs

Total profit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Consider the following portion of the energy-level diagram for hydrogen: n=4 –0.1361 × 10–18 J n=3 –0.2420 × 10–18 J n=2 –0.5445...

Chemistry
Q

The system has zero -3, poles -2 ± j and gain 5. Please find the Transfer...

Mechanical Engineering
Q

Mr. Wharton, the owner of the store, is unhappy with the operating results. an analysis of...

Accounting
Q

The Rh(-) allele is recessive to the Rh(+) allele. Given that p+2pq+q=1 and p+q=1, calculate...

Biology
Q

The American ideological consensus has affected American politics in all but which of these ways...

Biology
Q

Determine if the conditions of the mean value theorem are met by the function f...

Calculus
Q

3 25 pt Test the function below for local maxima loc al minima and saddle...

Calculus
Q

please help me with this questions, i will give a up vote thanks. ...

Accounting
Q

Portions of the financial statements for Myriad Products are provided below. Required: Prepare the cash...

Accounting
Q

Fixed Overhead Variances Assume that ExxonMobil uses a standard cost system for each of its...

Accounting
Q

You deposit $2000 in a savings account at the end of each month. If the...

Accounting
Q

Motorcycle Manufacturers, Inc. projected sales of 50,313 machines for 2012. The estimated January 1, 2012,...

Accounting