Which of the following is characteristic of a lean accounting system?
A)The cost of people with specialized skills,such as industrial engineers,is allocated to all manufacturing cells based on an activity driver.
B)Workers are multiskilled and responsible for setting up equipment,maintaining equipment,and operating equipment.
C)Implementing a value stream system will require more workers.
D)Workers are highly skilled in one specialized area or activity and are not expected to spend time on other value-added activities.

Question

Quizplus · Accepted Answer

Multiskilled workers who are responsible for multiple tasks are a characteristic of a lean accounting system. This allows for flexibility and efficiency in the production process. A is incorrect because allocating costs based on specialized skills goes against the principle of simplicity in lean accounting. C is incorrect because implementing a value stream system is meant to reduce waste and increase efficiency, not require more workers. D is incorrect because having workers specialize in only one area goes against the principle of cross-training and flexibility in lean accounting.

Which of the Following Is Characteristic of a Lean Accounting