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Some companies have moved to JIT without changing the substance of their accounting systems. Relying...

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Accounting

Some companies have moved to JIT without changing the substance of their
accounting systems. Relying on the former accounting system may present
problems for management because
managers do not understand the new manufacturing environment.
traditional accounting systems are designed to track items (labor efficiency, purchase
price, overhead absorption) that are no longer primary concerns of management.
control of cost drivers will be lost.
traditional accounting systems discourage the creation of large inventories that are
necessary to ensure uninterrupted production runs.
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