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Which of the following business would most likely use job order costing? a. A print shop that specializes in wedding invitations. b. A company that

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Which of the following business would most likely use job order costing? a. A print shop that specializes in wedding invitations. b. A company that makes frozen pizzas. c. A brewery. d. An oil refinery. Using ABC to allocate manufacturing overhead can help managers to: a. Identify what activities drive overhead costs. b. Set product prices. c. Located inefficiencies in the production process. d. Do all of the above. When faced with a limited availability of machine-hours, management should consider producing those products that: a. Have the highest contribution margin per unit. b. Have the highest contribution margin ratios. c. Require the fewest machine-hours to produce. d. Contribute the highest contribution margin per machine-hour. JIT inventory systems strive to: a. Cultivate long-term relationships with a select group pf reliable suppliers. b. Keep inventories at minimal levels. c. Improve overall product quality. d. All of the above. In preparing an income statement that measures contribution margin and responsibility margin for a responsibility center, two concepts are applied in classifying costs. One is whether the costs are variable or fixed. The other is whether the costs are: a. Product costs or period costs. b. Traceable to the responsibility center

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