Which of the following is a characteristic of a lean accounting system?

a. work in process and raw materials accounts combined

b. fewer work in process account transactions

c. all of these choices

d. elimination of the direct labor account

From the given, the following are characteristics of a lean accounting system,

work in process and raw materials accounts combined fewer work in process account transactions elimination of the direct labor account

Option c

Explanation:

The words "lean manufacturing" and "lean stock" refer to a production strategy that reduces the time between order receipt and order delivery and eliminates waste.

Lean accounting was structured to streamline transparency in a similar manner. In lean accounting they have main monitoring at the value flow level.

They really don't need the thousands or even millions of payments needed to maintain administrative reporting, job recording or any of the traditional businesses in so-called systems of control. Lean accounting was extended to a value stream which could consider work as a fixed price.

Three tangible benefits have been achieved:

Enhanced marketing capacities that rapidly increase value stream profits; The excess of direct labour in the ERP process has been reduced/eliminated Healthy lean mindsets for all value stream participants. Their outcomes are measurable gains.