9. Management accounting is the branch of accounting con reporting b a. intemal managers b, stockholders c. creditors d. bankers e the governmert Which of the following methods allocates joint production costs based on their proportionate share of everntual revernue less further t processing easts sales-value at-split-Off method b net realizable value method e physical units method d. replacement cost method e. sales-to-production ratio method a. 21. Products might consume overhead in different proportions due to a differences in product size b. differences in setup times c. differences in product complexity d all of the above e none of the above 22 The JIT approach to inventory management a. allows greater flexibility as to wben products can be manufactured b. results in higher inventory levels but reduces ordering and setup costs c. results in lower inventory carrying costs does none of the above both a and c d. e. 23. The objective ofIT are achieved by a. controlling costs b. improving delivery performance c. improving quality d. all of the above e. both a and b 24. Operating budgets are a. a forecast of expected operating expenses b. a forecast of operating expenses and related revenues c. a forecast of units of production d. concerned with the income-generating activities of a firm e. concerned with the inflow and outflows of cash