Factory layout-jit features, Managerial Accounting

Assignment Help:

Factory Layout

The first stage of implementing the JIT manufacturing techniques is to rearrange the factory floor away from the batch production functional layout towards a production layout using low lines with a functional plant layout production through a No. of special departments that normally contain a group of similar machines.

Products are processed in stage batches so as to minimize the set times when machine settings are changed between processing batches of different products. Batches move via different and complex routes through the various departments, traveling over much of the factory floor before they are complete.

Each process normally involves a considerable amount of waiting time and which much time is taken transporting items from one process to another.

A further problem is that it is not easy at any point in time to determine what progress has been made on individual batches and therefore detailed cost accumulation records are necessary to track work in progress. This results in long manufacturing cycles and high work in progress levels.

The JIT solution is to reorganize the production process by dividing the many different products that an organization makes into families of similar products or component. All the products is a in a particular group will have similar production requirement and routing. Production is necessary used so that each production family is manufactured in a well-defined production cell based on flow line principles. In a production how lines specialist department containing similar markets no longer exist. Instead groups of dissimilar markets are organized into products or component family flow lines that function like an assembly line.

For each production lines the market are placed close together in the order in which they are required by the group of products to be processed. The items in each product family can now shift one at time from process to process more easily, thereby reducing wip, and lead time.

The aim is to produce products or component from start to finish without returning to the stock room or stores


Related Discussions:- Factory layout-jit features

Labor standards, Describe the impact of different types of standards on mot...

Describe the impact of different types of standards on motivations, and specifically, the likely effect on motivation of adopting the labor standard recommended for Geeta & Company

Activity ratio, Accounting ratios that determine a firm's ability to conver...

Accounting ratios that determine a firm's ability to convert various accounts within their balance sheets into sales or cash. Companies will usually try to shift their productio

Total overhead cost variance, Problem From the following data, calculat...

Problem From the following data, calculate overhead variances of following: (a) Variable overhead expenditure variance (b) Fixed overhead expenditure variance (c) Total ov

Explain value added analysis and top management styles, 1. Explain Value Ad...

1. Explain Value Added Analysis along with the major factors included in Management Accounting Analysis. 2 Identify the several top management styles and define their implicatio

What is cost unit, What is Cost unit While the cost centres assists in ...

What is Cost unit While the cost centres assists in ascertaining costs by location, person, equipment, operation or process, cost unit is a unit of product, service or a combin

Explain discretionary fixed costs and semi variable costs, Discretionary fi...

Discretionary fixed costs and Semi variable costs Discretionary fixed costs are those which are incurred as a result of management discretion. These costs have two importan

What are the principles of management accounting, What are the Principles o...

What are the Principles of management accounting? 1. The procedures and methods to be followed for keeping and analyzing financial statements should have consistency. It enable

Determine the fixed assets turnover ratio, Fixed assets turnover ratio ...

Fixed assets turnover ratio Meaning: this ratio establishes a relationship among net sales and fixed assets. Objective: the objective of computing this ratio is to verif

Illustration of optimum cash balance, M/s Sunrise Industries estimates its ...

M/s Sunrise Industries estimates its net cash requirement at Rs. 20 million for the subsequent year. Opportunity cost fund is 15 percent per annum of the Companies. The company wil

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd