Question 1: How can JIT technology be used to improve factory layout systems' efficiency and achieve the goal of finishing WIP in individual batches?
Question 2: How does this relate to inventory levels? Explain how to set the ideal batch size in the managerial accounting scope.
Question 3: While scheduling the next machine, how can JIT technology play a significant role in reducing the need for automatic and not manual redesigning production?
Question 4: According to the managerial accounting concept of assurance, what are the JIT purchasing arrangements that result in cost savings?
Question 5: Explicitly explain how managerial accountants can incorporate the principle of consistency to reduce the impact of collection and reporting processes niches for effective monitoring systems.
Question 6: Can relevance be a case for concern in managerial accounting in the reporting systems?
Question 7: As an essential objective of the GOOD REPORTING SYSTEM, explain the timeliness feature of error correction.
Question 8: Elaborate how accuracy in the essentialities of the reporting system in managerial accounting may be introduced to monitor the internal control checks. How does it relate to how they carry out their jobs and make specific decisions?
Question 9: How can the factor of variability be filtered in to apply to the engineering degree of the engineering method of correlation in managerial accounting?
Question 10: Discuss the significance of Bayesian statistics in the process of making business decisions for accounting in managerial dynamics.