Which of the following results in fewer transactions in just-in-time accounting?

a. The distinction between direct and indirect costs is eliminated.

b. All manufacturing costs are combined in one account called Raw and In Process Inventory.

c. There is less movement of inventory between departments.

d. All of these choices are correct.

On the variable costing income statement, the figure representing the difference between the contribution margin and income from operations is the fixed manufacturing costs and fixed selling and administrative expenses.

a. True
b. False

Sales mix is generally defined as the relative distribution of sales among the various products sold.

a. True
b. False