Please answer the following question:
Question 1: What is lean accounting?
Question 2: What are some advantages, and disadvantages?
Question 3: What is some issues accountants face when switching to a lean manufacturing system?
Question 4: How does lean manufacturing reduces scrap, waste, and spoilage and how the accounting in these companies reflects the increased vigilance in preventing scrap, waste, and spoilage.
Question 5: Are there any downsides to enacting lean manufacturing from an accounting standpoint?
Note: Please show how you came up with the solution.