The JIT Environment Has Caused a Reassessment of Product Costing

question 13

Multiple Choice

The JIT environment has caused a reassessment of product costing techniques.Which of the following statements is true with respect to this reassessment?

• A)Traditional cost allocations based on direct labor are being questioned and criticized.
• B)The federal government,through the SEC,is responsible for the reassessment.
• C)The reassessment is caused by the replacement of machine hours with labor hours.
• D)None of the above is true.

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Definitions:

Agitation

A state of anxiety or nervous excitement, typically manifesting in physical movements or verbal outbursts.

Scheduled Services

Planned and organized activities or appointments that occur at specific times, often part of a routine or program.

Eye-To-Eye Contact

The act of two individuals looking directly into each other’s eyes during a conversation, signifying attention, respect, or social connection.

Native American Tribes

Refers to the indigenous peoples in the United States, recognized as sovereign entities with their own distinct cultures, languages, and histories.