Cost Accounting, Accounting

Cost Accounting

Question: Just-in-time processing (JIT):
A
strives to eliminate inventories.

B
uses a pull approach in manufacturing.

C
None

D
Both.

Note: Not available
1. Report
Question: Activity-based costing (ABC):
A
can be only in a process cost system.

B
focuses on units of production.

C
focuses on activities performed to produce a product.

D
uses only a single basis of allocation.

Note: Not available
1. Report
Question: The overhead rate for Machine Setup is $ 100 per setup. Products A and B have 80 and 60 setups, respectly. The overhead assigned to each product is:
A
Product A $8000, Product B $8000.

B
Product A $8000, Product B $6000.

C
Product A $6000, Product B $6000.

D
Product A $6000, Product B $8000.

Note: Not available
1. Report

Question: Just-in-time processing (JIT):