Question: Required: 1. Go to www.journalofaccountancy.com and search for articles on lean accounting. Using articles found in this search, answer the following questions:
a. Why do standard-costing practices no longer make sense for a lean organization?
b. If standard costing is replaced with a lean accounting approach, what problems might a firm then face?
2. Go to www.leanadvisors.com and identify companies that have implemented lean manufacturing. Answer the following questions:
a. What kind of bene?ts did manufacturing companies experience from implementing lean manufacturing?
b. Can lean approaches be applied to service organizations? If yes, describe a speci?
c. implementation for a service organization and the resulting benefits.