Question
1. Accounting is simplified in the JIT system by the use of backflush costing. True or False 2. Life-cycle cost management involves two types of
1. Accounting is simplified in the JIT system by the use of backflush costing.
True or False
2. Life-cycle cost management involves two types of life-cycle viewpoints: the marketing viewpoint and the production viewpoint.
True or False
3. In a job-order setting using JIT, repetitive business is separated from unique orders.
True or False
4. In JIT purchasing, materials are usually at warehouse long before they are needed.
True or False
5. The structure for a JIT environment is a vastly complicated process costing system.
True or False
6. A major difference between traditional and JIT environments is the degree of responsibility given to workers in the organization.
True or False
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