Managerial accounting is mainly used to stadion Question 8 An approach to managing inventories and production operations such products are obtained and provided only as they are needed is called Continuous improvement Customer orientation Just-in-time manufacturing Theory of constraints Total quality management Question 9 A direct cost is a cost that is: Question 12 Flash Company produces lamps. All of the following Wages for assembly Electrical cord Factory rent Lampshade Switch Question 13 For product costs associated with a particular productober The product must be transferred to do The product must be Work Poco The product must be sold ) Lamp shade Switch Question 13 For product costs associated with a particular product to be reported on the The product must be transferred to Finished Goodstory The product must still be in Work in Process inventory The product must be sold The product may be in any of the manufacturers The company must expect to sell the productie Question 14 Costs that now directly to the income statements 16